RE:RE:RE:oilsilkos wrote: Toll rate has nothing to do with OIL price. The long term contracts ENB has with producers will grant them access to the pipeline and are volume based. You may say that the stability of OIL producers may indirectly affect ENB stock, but there is no direct connection between the oil price and ENB revenue model.
Quintessential1 wrote: Why? They don't produce it and they don't sell it at the other end. They just charge the toll to transport it from one place to another. Does that toll charge change with the price of oil?
leo101 wrote: lots of political noise on this board but the price of oil will have a greater impact enb's share price than what the witch from michigan had for dinner last night.
market sentiment. do you think the share price of enb will hold up if oil goes below $50?
most people on this board whine about enb being undervalued and that's because the whole sector is out of favor.
i've held this since it was interprovincial pipelines so market noise means nothing to me other than sideshow entertainment.