So many people using ENB to justify owning BCE. WoW!!I can't believe how many people are comparing ENB to BCE simply because it fits their narrative.
I've owned ENB over 10 years and not once did I feel uncomfortable owning it.
In March 2020 when ENB went as low as $33 was when the whole world shut down due to covid.
A barrel of oil went as low as $11. Gasoline prices went under a buck a litre in Canada.
Many oil producers suppliers and distributors saw their share price crumble, some by as much as 90%, but ENB held up well considering what the others did, and that's why I didn't lose any sleep owing them then,
How anyone can honestly use ENB and their 2020 lows as justification for owning BCE shares today is mind boggling.
BCE shares went as low as $46 when the world shut down in 2020.
Most companies share prices in every sector took a hit then.
Many set all time lows. The good ones recovered and are continuing to grow.
Some continue to set all time highs.
In the Canadian telecom sector, (the sector that shareholders should be compparing, and not with ENB) Rogers, Telus and a smaller one, Quebecor are ALL trading higher today than the lows they set when the world shut down in March 2020.
Meanwhile BCE shares are trading almost 20% LOWER than their March 2020 low, and are at 12 year lows right now.
I suggest some of you get your heads out of the sand and start doing some real reseach.
Stop trying to find a stock that fits your narrative simply to justify owning BCE.
GLTA