RE:RE:RE:RE:RE:RE:NEW > Rating update copied from TDWBDI ;>))The pipes are full and are staying that way for the foreseeable future. deamand dropping in China just lowers demand for Russian oil now.
They are trying to figure our ways of expanding pipeline capacity. Try to remember the limits of pipeline capicity are placed on them by the CER and if the government leans on the CER to increase capcity they can pump more.
Full pipes is one thing but pumping capacity is quite another! Move full pipes faster and that equals more product flowing daily!
Go Enbridge! ;-)
FiddyFiddyOddzz wrote: 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"