RE:RE:Dump ENB For BNS ?I linke Sarge's low/no trade strategy. It reduces a lot of stress. Taking the profit is good but it also reduce the capital available to invest after paying the 25% tax of capital gain.
I like BNS two years ago when it dropped so low that it's yield was higher than 6% but sold it after it recovered significantly. BNS is a good stock. As far as I can tell, RY provides best dividend increase track record.
Coming back to ENB. With the world rushing to NG or LNG and carbon storage, ENB is positioned to do that plus wind power. In the near term, the world's economy is not doing well. A lot of people (including RY's CEO) say rate hike helps the profit of banks. But look at the performance of banks since the rate hike.
I think the acquisition of additional pipleline and terminal ENB will increase dividend handsomely but it is only moderate. However, it is still an increase. Going back to the banks. If the economy is not doing well, would it be possible to freeze the dividend increase until after the recessing?
If you ask me how the EV etc affect the hydrocarbon industry, I would ask you how much the electricity to charge the battery is/will coming from nuclear, hydro and wind? If electricity becomes the major energy source, ENB could transformed to electricity delivery network.
