The limited upside potential of the Prefs I have a lot of respect for Experienced's stock advice.
Saying that, I have to disagree with his last post where he speaks about the growth potential of the Prefs after a 3-6 month period.
When I look at the chart for the Prefs, I see that it is trading at the top of its range over the last 5 years.
Interest rates were a lot lower prior to covid and it is going to take a long time (if ever) for rates to return to zero.
The Prefs are more of a security play than a yield play imo. Of couse interests will swing the share price around a bit, but if ENB goes back up to $55, the price of the Prefs will likely sell off if anything as investors will be looking at how the total return of ENS will outperform.