Enbridge Inc T.ENB.PR.Y

Primary Symbol: T.ENB Alternate Symbol(s): ENB | T.ENB.PF.A | T.ENB.PF.C | T.ENB.PF.E | ENBOF | ENBFF | T.ENB.PF.G | EBBNF | T.ENB.PF.U | T.ENB.PF.V | EBGEF | T.ENB.PR.A | ENBGF | T.ENB.PR.B | EBRGF | T.ENB.PR.D | EBRZF | T.ENB.PR.F | T.ENB.PR.H | ENBHF | T.ENB.PR.J | ENBRF | T.ENB.PR.N | ENNPF | T.ENB.PR.P | ENBMF | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Energy Oil & Gas Midstream

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.

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Enbridge Inc > ENB & Board

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Comment by silkoson Oct 18, 2022 10:49am

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Post# 35031317

RE:RE:ENB & Board

ENB dropped to high $48 within the last month just like that. I have a feeling that the end of year selling together with the never ending recession dangers might bring us a new 52w low just in time for the holidays.

Quintessential1 wrote: IENB has definately set a new floor bouncing at $47.65 last Nov/Dec when it hit that 52 week low.

This is a great chart showing all of this. Make sure to click it to a fullscreen chart and Weeky for a longterm view.

https://www.marketscreener.com/quote/stock/ENBRIDGE-INC-1409882/charts/

As you can see ENB is desperately try to climb back above the blue trend line. It at least is still following it.

I believe it also set a new floor bouncing at $49.33 or so. To push it further down it will take a bunch of catalysts. The FED rate rising (probably going to happen but should be baked in by now) and ENB ER miss (possible but not to the extent needed) and massive market selloff (again possible especially with tax loss selling season)

Being the eternal ENB optimist I of course do think that will happen for these reasons:

The trend is your firiend and the share price obviouly wants to follow the upward trend which will be somwhere in the $52 range by Nov/Dec

The NCIB. ENB is executing the NCIB and oviously accelerating it at $50 or below. ENB is also aware of their stock's trading history and have kept that dry powder in reserve for just such an opportunity. Buyback increases EPS and lowers the Payout Ratio while setting newshare price floors by raising the share price at low buying levels.

The DIV At $49 ENB is yielding over 7% and the market just can't layoff buying a bluechip paying that high of a yield.

As for me it would have to drop lower than that 52 week low for me to add as I have a full position and see no point in averaging up.

Collecting the that big div is easy money. This is one of the easiest holds in my portfolio.

Go Enbridge! ;-)

silkos wrote: Fiddy is the same fiddy as always. Not sure why Q engages in responding to all F's posts, that's not my business. Ignore is an option. I prefer void rather that clutter. No offence to anyone.

Question re ENB how low do you think it will go come Nov / Dec? I think it might go below $48. Care to comment if you believe it might test the 52w low @$46.88?