RE:RE:RE:RE:RE:Been fun time to sell all this morning :) $50.60 SARGE - Yes, I am feeling a little better about Enbridge now that we're FINALLY north of fiddy a share.
I don't plan on dumping any shares at the moment, it just doesn't make sense to me to bail right now when it feels like there's some positive momentum behind the share price.
I have played the "dump now, buy back lower" game in the past, but it's pretty easy to get caught out doing that. For the time being I'll sit tight, and take the dividends....
Sarge wrote:"Holy moly Fiddy, that sounds like a positive post from you about ENB. Are you actually feeling better about ENB or still just waiting for an exit point?
Things certianly look promising with Line 3 so close and the recent Moda purchase especially just using existing cash and not having to dilute with extra shares.
As usual, we are still holding our full position and actually even added another 635 shares at an average of $47.02 this year. We got a bunch of cash from the IPL take-over and in addition sold all our BIP.UN as I felt Brookfield is just too slimy a company for me.
We just spread all that cash aorund evenly to our 16 main stocks.
Anyway, I still love the midstream space at these prices (we have full positions in ENB, KEY, PPL, and TRP) and am looking for even more price appreciation over the short-medium term.
Onwards and upwards.
Sarge"