RE:Reminds me of Enbridge buying Spectra Energymoneyguy87 wrote: That was in 2016. Market didn't like it. "Too much debt - will cut dividend" Blah, blah, blah.
Stock dropped from $59 to $37.
The merger did just fine and Enbridge now the largest energy infrastructure company in north America.
Was a great time to buy.
If you are trying to find something to use as an excuse, reason for BCE 's fall, ENB is NOT it.
When ENB fell to $37 their 5 year low then was 29$ so the SP was still 25% higher.
This fall of BCE shares to 15 year lows cannot be compared to ENB. Totally irrelevant!.