RE:50sI think Biden and his team know the importance of pipes to their immediate security. The rising price of gasoline is enough to prove out the imortance of fracking short term to the American economy and you don't frack without pipes. KXL wasn't important to them, Alberta? Yeah. Them no. Trudeau could have jumbo coconut balls and it wouldn't matter here. You can't play chicken with a locamotive. Well you can but you lose everytime eg Kenney.
It is obvious that the ENB SP wants to rise and the fact that it is doing so so slowly points to the headwinds of the uncertainty of line 3 and line 5. Even though some of us shareholders are confident in the completion of line 3 and continuity of line 5 the market is nervous and cautious. What a boon for us when they are in our rear view mirror though and that is where the big money is made. Risk / Reward. Do you want to gamble that North America needs natural gas for the next 10 years or that Tesla will dominate the EV market for the next 10 years?
I am not only confident that Enbridge is the safe harbour for my money now but also for the future. They are not an O&G company. They do not produce O&G. They are an energy delivery company and will be for the forseeable future whatever form that energy happens to take.
Good luck with your investments. ;-)
Redova wrote: I think until Trudeau grows some bigger balls and Biden & his commy governors realize the importance of pipelines, this stock wont hit 50.