How the Trump victory helps ENS America voted for less government and "let's back to business" yesterday. The wall st guys are talking about investing in steel production to support manufacturing and infrastructure. Hello ENB!
Trump has been talking recently about how America was energy independent when Biden took over and would be heading back to becoming a leader in the energy field again. In particular, Trump has talked about America's dominance in natgas. ENB is now the big dog in natgas production and distribution.
Trump has also talked about reducing governments in both size and interference. ENB has built/accumulated a massive spiderweb of liquid and gas pipes as well as the biggest LNG export facility in the USA to build on, which I believe will benefit from less government interference.
I have added 15,000 ENS shares recently to my core position for trading purposes. My "bet" was based upon ENB running up into the Nov 15 ex-divi date backed by improving fundamentals in case I had to hold and live with a 12% yield.
The election results have given me pause in regards to whether I should trade, or just adjust the size of my core position.
The market will take awhile to figure it out but I believe the Trump victory plays right into the hands of ENB. With control of the House and Senate, Trump is going to be able to "get er done" and ENB is incredibly well positioned to take advantage.