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Enbridge Inc T.ENB.PR.Y


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

Comment by silkoson Jul 06, 2021 11:30am
578 Views
Post# 33498938

RE:RE:RE:RE:RE:OPEC+ meeting canceled, sending oil prices climbing higher

RE:RE:RE:RE:RE:OPEC+ meeting canceled, sending oil prices climbing higherFiddy: can you post here the formula you use in your calculation so that every one can comment? Thanks!

PS: The entire energy sector is down. It could be a healthy sell off ... which would be considered good news.

FiddyFiddyOddz wrote: SILKOS - Case In Point :   Take a look at the price of WTI today. At 11:20am it's down 1 and 1/2 % to 74 dollars.  If ENB isn't infulenced by the price of WTI, why is down 1 % today ????  And for that matter, why are all the other pipelines also down today, they down't "own" any oil either.  Think about it.
  This is a perfect example of ENB being dragged DOWN by the price of WTI, yet with the climb of WTI to 76 a barrel, ENB didn't even come close to rising a fraction of what WTI did.

When WTI drops, bet your bottom dollar ENB will too, but when WTI rises, don't for a second think ENB will follow suit. The past 18 months are proof positive of this.

Fiddy wrote :" SILKOS - I'm just saying that when ENB was at 57 in Feb 2020, WTI was only around 53.  Although not based on WTI prices alone, I would assume that if WTI is where it's at now ( 43 % higher than it was in Feb 2020) - then I don't think it's a stretch that ENB should have gained at least HALF that much from the Feb 2020 share price.  
A 20 % gain from 57 bucks would put Enbridge at about 68 a share.
Although ENB doesn't "own" any oil, it does get dragged along with the price of WTI, although the downward drag seems always to be more pronounced than the upward pull."


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