RE:Maybe someone better than IThe market is still worried about a drop in O&G demand due to recessionary pressures. Look at the other mid-stream competitors in the space especially Canadian pipes. Are they down?
They are all making money and they all pay good reliable dividends so its market pressure. I don't think the stock price will improve in any of them much (not counting ex-divy run-ups eg TRP right now) until they can actually demonstrate that they are making that CASH you refered to in a quaterly earnings report.
Also ENB doesn't really make much money on the sale of NG (they are not really allowed to by law) just the delivery of it. The low price will allow them to pad their bill a litttle but you will probably see them lowering consumer NG rates soon.
Go Enbridge! ;-)
SadieLadyCO wrote: I am really confused at the price of enbridge. Should we not be up into the high $53 - $56.
It has a great div and Enbridge just keeps making CASH I mean a lot of CASH at this low price of NG.
WOW...