Live NAV for ENS is $12.19At the moment that I'm writing this, you can now buy ENS for $0.26 below the Net Asset Value of the Common shares.
Does that matter? I guess not unless you are a Pro. ENS has traded almost double the average daily volume by 11am. Pro's buy in volume, picking up cheap stock when retail investors are selling for whatever reason.
If you are an ENS investor, I recommend that you read this decent recap of the Q1 Earnings report for ENB this morning. Here is a link:
https://stockhouse.com/news/press-releases/2024/05/10/enbridge-reports-record-first-quarter-2024-financial-results-reaffirms-financial
The important metrics imo all checked in at growth rates of 8% plus. As an ENS investor, anything over 3% is a WIN.
ENB is a juggernaut. The copany is huge now and they seem to have a never ending supply of "tie in" projects to their existing platform that meet their 20% ROI threshold.
ENB's current "big move" is the acquisition of the 3 gas distribution companies for $19 billion. The street didn't like the deal because the ROI was only going to be 8%. What the street never takes into consideration is how efficient ENB operates which could push the ROI a little higher. That doesn't seem like a big deal, but the math becomes significant. The street also fails to build in ENB's ability to invest a couple hundred million dollars here and another couple of hundred million dollars there over and over again via "tie in" projects that arise from buying assets like the natgas distribution deal. Over time, the 8% ROI will creep upwards.
I'm down the bloody rabbit hole here again, but I'm just trying to help others understand what owning ENB really means.