Enbridge Inc 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.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Energy Oil & Gas Midstream

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.

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Enbridge Inc > ENB: Be Careful With New Positions

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Comment by silkoson Dec 01, 2021 6:35pm

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Post# 34187571

RE:RE:ENB: Be Careful With New Positions

It's not just that ... Debt ceiling drama will hit again soon ... the same soap opera that drags the markets down time and time again.

Look at the market as a whole ... most stocks tanked. Meta dropped 10%. Oil producers tanked. If you have $$$ buy GS or MS. Goldman Sachs makes a lot of dough during these times. They proved it again and again.

Regarding ENB, don't expect anything our of the ordinary anytime soon. You know this stock as good as anyone here. You monitored it for years. You should know when to sell. When to buy. At $46.5 it's a steal IMO. Not sure if it will hit $45 but I may get all in at $46.5 if I get the chance. But then again, depends at the time where the market will be. What if there will be better options?

As I mentioned before, you have to trade this sucker. That's my personal conclusion. Or you can wait only for the div and play the (very) long game of dividend income. I know that there are some members happy to collect the div. Truth is ENB has been lagging vs all my other holdings.

GLTA

FiddyFiddyOddz wrote: I said a few days ago this dog was going back to 45, thanks for the confirmation :(

Silkos wrote:"

Head and Shoulders Top

Intermediate-Term Bearish

Volume 12,065,605

Close Price 48.74

Target Price 45.50 - 46.10

Pattern Duration 34 days

Inbound Trend Duration 31 days

Tells Me: The price seems to have reached the end of a period of "distribution" at the top of a major uptrend; the break down through support signals a reversal to a new downtrend.

The Head and Shoulders Top is created by three successive rallies in the price following a significant uptrend. The highest high (head) is in the middle, flanked by two lower highs (shoulders) at roughly the same level. Volume is highest as the price makes the first two rallies, then diminishes through the right shoulder. Finally volume surges as the price closes below the neckline (drawn between the two lows) to confirm the reversal."