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E Split Corp ENSPF


Primary Symbol: T.ENS Alternate Symbol(s):  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

Post by Obscure1on Feb 15, 2024 2:46pm
204 Views
Post# 35882476

Be patient

Be patientThere is always a temptation to jump back into ENB and ENS by default after ENB goes ex-divi.  If you look at the charts, ENB typically recovers after the initial fall, but the recovery day (today for example) is rarely the bottom.  

When ENB went ex-divi in Nov 2023, it recovered the next day before bottoming the day after and then moving up the next week.  However, last quarter was the exception to the rule as there is typically a couple of windows to get back in at low prices over the following 10 trading days.  

I wouldn't be in a rush to buy ENB or ENS at the current level, but you never know.   I have a buy order in for ENS at a lower price. 

ENS typically sets itself up for a possible Raise following ENB going ex-divi because ENS shareholders get greedy for the divi at the end of the month while the ENB share price is still recovering. 

Try to be patient if you can.  I intend to keep you updated but I don't buy green bananas anymore.  
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