RE:RE:RE:RE:RE:The disconnect continuesGanyman.....good post
From my perspective, the key to successful investing is to look at the range of possible investments and combined with your investment objectives find investments which hold the promise of the greatest risk adjusted returns. When I look at ENS and its discount to NAV, and the potential for ENB, baring a complete market meltdown, it seems to me that ENS provides one of the best risk adjusted options out there. I do own another split that I view as being slightly better than ENS and I own that one as well.
In my books, while the current discount of around 10% is a mystery to me, it is hard to imagine that there is much downside risk owning it as long ENB stays the course. To me, the potential for a reversion to the mean (ie a reduction in the premium) is much hjigher than a the discount getting larger than it is now, This is in contrast to a while back, owning ENS at a premium and getting whipsawed by Middlefield when the did overnight offerings.