RE:RE:Lot of people upset here; not sure I understand why . . .Its very straighforward, its called honesty of senior management to shareholders. In the latest Q results they published slides that showed thier growth will be organic and through tuck in's and at the same time they were possible negotiating with Dominion to purchase these entities. Dominion was widely known to be jettising businesses and just recently sold a business to Berkshire Hathaway so Enbridges guidance was msileading. I doubt very much that Monaco would have been so evasive and less transparent this smells like new ceo who is trying to put his stamp on the company.
This is no tuck in and the 10% hit to share value this morning will be more about investor reaction to clarity than the dilution of shares that are occuring.