RE:RE:ens premiumAll in all, "ENS is a pretty safe bet which will continue to get safer over time as long as ENB doesn't do something stupid", agree you hit the nail on the head. but ENS has the inherent risk of owning split corp, as discussed, which are non trivial, then there's the rich MER of probably 1.5-2%+. I own lots of financial splits with portfoilios underlying. This one has single stock risk, + the risk of dramatic overreaction to the downside if enb tanks.
So to own ens in a big way you really should believe that enb is very undervalued, because you will probably get the same cap gain and same or higher yields with financial splits and etfs like sbc, bank, hmax, at this point in the market etc., some that don't have a payment threshold, and all of those have no single stock risk..