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E Split Corp ENSPF


Primary Symbol: T.ENS Alternate Symbol(s):  T.ENS.PR.A

Energy Oil & Gas Drilling Oil & Gas Equipment & Services
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

E Split Corp > What I have learned from ENB mgmt over the years
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Comment by Experiencedon Oct 13, 2024 3:18pm
148 Views
Post# 36264712

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What I have learned from ENB mgmt over the yearsGanyman....yep

As they say..."Follow the money".  Middlefield makes its money from management fees and so it is in their best self interest to have as many shares of ENS outstanding and the highest market cap as possible and right now with the price actually being at a discount, a lot has to happen in order for them to see a premium sufficiently high for them to do another raise and thereby make more money.

I am currently at my market weight for ENS but frankly if this continues I might consider going overweight.  The curious thing about there being a discount to NAV is that the yield is just that much higher - which in turn makes the question as to why there is a discount to NAV even more puzzling. 
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