RE:RE:RE:Indigenous Leaders Pledge to Oppose New ENB DevelopmentsAll Pipes dropped and they all dropped more than Enbridge.
It appears to be a sector wide drop where Enbridge is outperforming in the sector not underperforming.
It has nothing to do with bad press.
Go Enbridge! ;-)
FiddyFiddyOddz wrote: Doesn't matter if the Native band is federally recognized, what matters is the negative press and dark clouds that continue to haunt Enbridge.
No one gives a Fiddler's Fcuk if a Native group is "federally recognized", what they do care about is pipelines in the ground transporting dirty oil. The press are having a field day with this, bouncing from one $hitty Enbridge story to the next and driving the share price down over 11 % in less than a month.
Always remember : Oil BAAAAAAAAAAAAAAAAAD - Green GOOOOOOOOOD.
Silkos wrote:"Not sure why anyone would think even for a second that such projects would get good press. It's a lot of $$$ into play, and all parties want a cut. The more noise these outraged parties make, the more would cost ENB to settle for acceptance / silence.
Regarding this news piece, this First Natives party is not federally recognized. It's a nothinburger.
ENB on the other hand should be regognized for the long term vision of using existing infrastructure, its continuous efforts to improve and expand, while maximizing profits for shareholders."