Should I buy more or not.Well I think I may add some more at the $48.00 level. I certainly do not need anymore.
I read the conference call transcript today and it is interesting. It is worth the read. Yes they are in court a lot but that is not something they can help people and differant groups sue them. They seem to come out ok but I bet their legal bills could CHOKE a horse.
Their second quarter FCF was $1.24 and they have a reasonable long record in dividend payments. My cost base is is just over $43.00. I have never been able to time the bottom or the top of any stock.
Unlike Sarge who has 18 stocks I only have 7 and I keep looking around but I keep coming bank to the 7. Or as I kept telling my son when our family business had virtually no debt and a $100 K in the bank when he asked me what we should buy I said
The money will not go bad in the bank thus that becomes another option.
I like ENB and not so much the drama that Fiddy keeps me up to date on.
And as Quinty would say Go Enbridge