RE:RE:RE:RE:RE:NEW > Rating update copied from TDWBDI ;>))AUTO - Yup, another 3 and a 1/4 % and ENB's at "SIXXY".
That said, isn't there a bank of Canada rate hike coming soon of 50 basis points ? You also now have chatter of growing Covid cases slowing the demand for oil again, plus a strengthening US dollar.
On the positive side, if analysts are right, and crude inventories dropped by 2.1 million barrels last week, then that should bring oil prices up a bit, and could drag ENB along for the ride. I think the inventory report comes out after market close tomorrow.
How will Enbridge shares react to all of the above ? Your guess is as good as mine.
Auto wrote:"Hey Fiddy, soon you'll have to change your ID to something like SixxyInDaHouse"