RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Is this Enbridge discussion board?Well if that is the case then you should short everything. Or is it possible that platitude does not apply to everything?
Just like a dip in oil prices and the housing market is not a bubble bursting.
Not really facts as much as exaggerations of facts.
Oil is still up 30% over last year at this time and the US was not releasing 1 million barrels per day then like it is now. That will end in October and have to be put back.
Natural Gas is up over 100% then at this time last year and heating demand hasn't started yet.
Also Natural Gas inventories are below average for this time of year so injections need to be ramped up.
Enbridge isn't just an NG pipeline it is an NG utility. High demand equals good business.
Did you notice the renewables revenue increase in the earnings report?
It is always good to remember that ENB is an energy delivery company.
Energy use is going up and when it does the delivery companies make money.
They also pay money. ENB is over 6% in yield. Highly...sustainable...yield.
Go Enbridge! ;-)
FiddyFiddyOddzz wrote: Happy Sunday, oh wait, is today Saturday ?
What goes up must come down, it would appear oil has hit it's peak, just like the housing market did, and now both are on a downward trajectory.
Housing and oil might bounce back, but for the here and now, both appear to be on the decline. Not a prediction, a fact.
Quin wrote:"Financial forecasts from someone that can't keep track of the days of the week.
Up 21/2% still this month hardly seems like a burst.
Did I mention the 6% div?
Go Enbridge! ;-)"