falling pricesNatural gas prices are tanking.
From what I understand, it is mostly about overproduction.
I can't quite figure out how and when, if at all, this will affect ENB's revenue stream.
If existing contracts are long term, it would seem that the company is relatively immune from disruptions as regards revenue. Not sure what happens when it's time to renegotiate.
Also, now that ENB is in the retail distribution business, it's probably a question mark as to how reduced gas prices will affect the bottom line in that area.
I don't know how often state regulators force utilities to adjust retail pricing.
Also, the current admin. has announced that LNG production will be curtailed. I believe that is a political move.
Hopefully, none of these issues will interfere with the forward progress of the Enbridge train.