RE:RE:RE:Anonymous on the buy :)I'm sorry to disagree and I'm far from impressed.
ENB up 80 cents which should equate to a rise in ENS of 35 cents less the 13 cent dividend so 22 cents, ENS closed up 20 cents or 7 cents taking the 13 cent dividend into consideration on more than double the average shares traded.
I'm convinced now that Middlefield is issuing shares ATM because they can't do a raise...maybe thanks to Obscure1 spreading his knowledge lol. I don't think ENS will be at and certainly not above NAV anytime soon. As long as ENB holds or goes up we will be about a buck below NAV. The distribution yield is great but I still think the way ENS is trading is dirty and held down by Middlefield dumping ATM shares.
Current NAV of ENS at the end of today taking the dividend into consideration should be about $13.13. We are at $12.28.
I am very overweight ENS but would dump them all if ENS even goes slightly over NAV. I hate playing cards with a dealer who has a stacked deck. There are plenty of other options to make money on a more level playing field. JMHO
One thing I can't explain is why ENS preferred shares dropped from $10,70 to $10.36 this week. One more reason for no raises.