RE:Not investing here for now.HAWK - I wouldn't read much in to Motley Fool articles, they sound like something written by a highschooler.
I do however totally agree with your statement about ENB and it's never ending court challenges. Never in my life have I seen a company so drama filled. Hell, even the pot stocks are in the news less than what Enbridge is these days.
What it comes down to is everyone HATES oil and anything related to oil. Oil BAAAAAAAAD is the general sentiment these days, no denying that, and it shows in the share price. Enbridge should easily be in the sixties by now not languishing sub fiddy....
Totally don't blame you for not jumping in at nearly fiddy bucks a share. Mid 30's, low 40's yeah, but not at fiddy a share. Unless of course you enjoy tuning in every day to "As The Pipeline Flows", if that's your fetish, then this stock is for you.
Hawk wrote:"I've had some surplus cash from selling IPL and another stock but none of it was invested in ENB. It comes down to four reasons.
1. ENB seems to get bogged down in court challenges more than others.
2. I'm concerned by the never ending pumping that Motley Fool does almost every single day.
The yield is great but If ENB is such a great deal, why is such repetitive pumping
necessary?
3. I do lots of research including this board, and too many posts seem to be nonsense, off
topic or political in nature. It just puts me off.
4. Sarge mentioned recently on another board that of all the pipe's he holds, ENB ranks last
for him. I respect his opinion.
For now I'm staying out of ENB.
"