RE:RE:RE:ENB.T $ 54.08 ;>O It's a good system Dean, and makes a lot of sense. That said, patterns usually work, until they don't.. but given the quarterly distribution of Enbridge relative to Keyera & Pembina, your system is plausible.
It's odd that ENB would trend down $10 though (From $55 to $45) & trend up again simply to collect an .86c dividend. The math makes no sense.
Where do you see the stock heading over the next 3 months, then again near ex dividend date?
Thank you and excellent collaboration on this board.
~TGC.
DeanEdmonton wrote: I thought so too, sold everything I had left. Have been a real long term holder of ENB, like 20 years, but tired of the pony ride and even a 6% dvidend doesn't make up for no capital appreciation the last 5 years. Had sold the first half at 54 a couple of months back. This will dive again after Dividend is paid out.
GHZTECHY wrote: Great to see a new 52 week high!