RE:RE:T.ENB = $ 58.97A good comparrison with BCE extending above ATHs.
ENB is actually yielding almost a full percent higher than BCE and given the state of global O&G requirements, is almost as risk free. Perhaps ENB can reach and extend above ATHs too!
The summer vacation driving demand is approaching so who knows?
BCE is one of those dividend paying stocks that tends to suffer from high interest rates as GIC rates rise and a risk free investment trumps low risk everytime for risk adverse widows and grannies. BCE is already trading above fair value and therefore slightly overbought so I may trim there soon.
I am not sure ENB is in the same boat. Although a dividend payer it has always enjoyed slightly riskier investor loyalty. ENB is also trading above fair value but enjoys far higher analyst's ratings than BCE across the board possibly due to the fact that pipes and O&G are deemed all very neccessary right now.
So hard to believe but ENB is working out as a much better investment than BCE right now in my eyes and I do own both but thankfully, much more ENB.
Go Enbridge! ;-)
g2g wrote: The trend for ENB is now pointing to much higher highs, with the october 24th 2016 price of 58.37 has now been eclipsed. The run now suggests it will go to next multi year resistance of 64.82 reached on 15th of April 2015. Everything happening now in the world is showing the need for pipelines. ENB is running close to max capacity and future contracts will definitely be secured. On another note if you look at BCE stock price currently you will see what happenes after the multi year highs has been breached. This bodes well for ENB to hit $70 by year end!
ENB is good2go>>>