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E Split Corp T.ENS

Alternate Symbol(s):  ENSPF | T.ENS.PR.A

The objective of the Class A shares is to provide holders with non-cumulative monthly cash distributions and the opportunity for capital appreciation through exposure to the portfolio. And The investment objectives for the preferred shares is to provide holders with fixed cumulative preferential quarterly cash distributions and return the original issue price of 10.00 Dollars to holders upon maturity. The Company has a portfolio comprised primarily of common shares of Enbridge Inc. Enbridge, a North American oil and gas pipeline, gas processing and natural gas distribution company the Enbridge Common Shares or the Portfolio and intends to purchase Enbridge Common Shares from time to time in the market or through participation in future public offerings by Enbridge. The Advisor believes that the Company offers investors an opportunity to gain exposure to Enbridge, one of the worlds largest energy infrastructure companies.


TSX:ENS - Post by User

Comment by Experiencedon Jan 08, 2024 9:55pm
79 Views
Post# 35816719

RE:A bit of a deep dive on ENB's "generational opportunity"

RE:A bit of a deep dive on ENB's "generational opportunity"Obscure....nice post - agree

One thing which I think is important in all this is that in today's world, it is virtuall impossible to actually build or even replace a pipeline.  As an example, ENB has a pipeline in Ottawa that is in danger of leaking and serving thousands of utility users.  ENB wants to replace it with a new pipeline.

What does the Woke Crowd say?

They object to ENB replacing a potential environmentally dangerous pipeline since they want to discourage use of fossil fuels.  The people being served by this pipeline would freeze in the dark of the Ottawa winter if the pipeline started to leak and ENB had to close the taps.

Moral of the Story?

Those pipelines that ENB acquired for a song are very valuable and irreplacable in today's world.
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