Bullboard - Stock Discussion Forum Enbridge Income Fund Holdings Inc. EBGUF

Energy Oil & Gas Midstream

"Enbridge Income Fund Holdings Inc is engaged in the generation, transportation and storage of energy through its green power generation facilities, liquids transportation and storage facilities."

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GREY:EBGUF - Post Discussion

Enbridge Income Fund Holdings Inc. > Volume is strong

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Post by soundandfury on Mar 16, 2018 1:00pm

Volume is strong

Imho this going higher.......but its really hard too predict......i would love too see 30.00 soon......but might be wishfull thinking...hehe

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Comment by freedomfiddy on Mar 16, 2018 1:06pm

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Comment by jx7000 on Mar 16, 2018 1:23pm

Trading at just below book value (C$29.45 per TD Markets & Research), very low P/E ratio, 100% operating margin, great div so why won't it go back up above C$30. I bought in during the recent short selling pressure and am quite happy to collect my div so fluctuate away.

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Comment by freedomfiddy on Mar 16, 2018 1:31pm

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Comment by russter on Mar 16, 2018 1:49pm

Could'nt agree more bought thru recent sell off at bargain prices, won't sell unless divy goes down. or it hits new highs. GL Russ

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Comment by jx7000 on Mar 16, 2018 2:16pm

The divy (i.e., the actual payout) isn't going down anytime soon. They've already said (I'm paraphrasing) "grow dividend 10% per year, out to 2020.." so enjoy the cap gains as it rides back up to it book value and possibly higher. Those recent lows were a great buying opportunity.

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Comment by freedomfiddy on Mar 16, 2018 2:40pm

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Comment by jx7000 on Mar 16, 2018 3:25pm

I am not a day trader but "guess" is the operative word. I do not know why ENF is up over 5% today. We're not near the X-Div date yet, maybe that news about the the tax benefit of an MLP mentioned earlier today (therefore, the short covering, might continue on into Monday). I am very tempted to cement some cap gains today, too, but then what do I buy next (CJ.TO ? pays ...more

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Comment by freedomfiddy on Mar 16, 2018 3:31pm

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Comment by jx7000 on Mar 16, 2018 3:45pm

Yup, and at 3:45 pm it's up a few pennies so the "bots" are fighting it out.

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Comment by freedomfiddy on Mar 16, 2018 3:49pm

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Comment by freedomfiddy on Mar 16, 2018 3:45pm

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Comment by jx7000 on Mar 16, 2018 3:58pm

Yeah I read that earlier.Hard to know what immediate effect that will have on the stock price. A lot of it means something to somebody but what do the bots think of it--that is the C$64,000 question.

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Enbridge Income Fund Holdings Inc.