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Enbridge Inc T.ENB

Alternate Symbol(s):  ENB | T.ENB.PF.A | ENBSF | T.ENB.PF.C | ENBOF | T.ENB.PF.E | ENBFF | T.ENB.PF.G | T.ENB.PF.U | EBBNF | EBGEF | T.ENB.PF.V | ENBGF | T.ENB.PR.A | EBRGF | T.ENB.PR.B | EBRZF | T.ENB.PR.D | T.ENB.PR.F | ENBHF | T.ENB.PR.H | ENBRF | T.ENB.PR.J | T.ENB.PR.N | ENNPF | T.ENB.PR.P | ENBMF | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.


TSX:ENB - Post by User

Post by Marner16on Feb 08, 2021 5:11pm
410 Views
Post# 32506869

Landing a whale

Landing a whaleBuffet has mentioned many times over the years that his inability to land any whales has been the greatest source of frustration for BRK.

The last second cross today of US$0.86 billion represents about 8% of the total dollar value that BRK spent secretly accumulating IBM stock over a 7 month period in 2011. 

If BRK does announce that they have been acquiring ENB shares next Monday, the deal stands to be more than double the size of BRK purchase of IBM shares ten years ago. 

If indeed BRK is amassing ENB shares, the value of the shares will represent about 6x what BRK spent (in cash) on their outright purchase of Dominion Energy's gas pipeline assets a few months ago.  When BRK announced the asset purchase from Dominion, it kick started the move back up in the share price of BRK and saw Dominion's share price drop.

The crosses have been taking place in the exact same way for the past seven months and amount to almost 700 million shares.  And yet, there hasn't been one trading halt and not one word has been written or spoken about the situation in the media. 

Unbelievable.
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