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E Split Corp T.ENS

Alternate Symbol(s):  ENSPF | T.ENS.PR.A

The objective of the Class A shares is to provide holders with non-cumulative monthly cash distributions and the opportunity for capital appreciation through exposure to the portfolio. And The investment objectives for the preferred shares is to provide holders with fixed cumulative preferential quarterly cash distributions and return the original issue price of 10.00 Dollars to holders upon maturity. The Company has a portfolio comprised primarily of common shares of Enbridge Inc. Enbridge, a North American oil and gas pipeline, gas processing and natural gas distribution company the Enbridge Common Shares or the Portfolio and intends to purchase Enbridge Common Shares from time to time in the market or through participation in future public offerings by Enbridge. The Advisor believes that the Company offers investors an opportunity to gain exposure to Enbridge, one of the worlds largest energy infrastructure companies.


TSX:ENS - Post by User

Comment by Experiencedon Oct 07, 2024 7:37pm
109 Views
Post# 36257024

RE:What I have learned from ENB mgmt over the years

RE:What I have learned from ENB mgmt over the yearsObscure...loved your last sentence....lol One of the reasons is in a past post I talked about ENB and cost savings is that it is a low risk way to improve the bottom line. The reason for this actually quite simple. ENB is on both sides of the equation...they know their costs and they know the savings that can be achieved AND they can control both sides. This isn't true in acquisitions. My information and sadly I can't get into it in this forum is that ENB has significant potential to reduce its costs over time and has already started the process. What are the numbers? They are huge! ENB spends a billion dollars a year moving it liquids and gas through its pipelines. They are talking to technology companies to reduce these costs. Even a 10% cost savings directly to the bottom line is better IMO than any acquisition. Further, one company that they are talking to has the potential to not only reduce its costs but also increase its NG utility sales to customers...a win win. Where is The Street on this? AWOL IMO....
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