Post by
soundandfury on May 17, 2018 11:41am
If enb owns 80% of enf?
Why wouldnt they dig a little deeper in their piggy bank for the remaining 20%..............they dont want angry enf shareholders do they.......20 % of enf shares is only 34 million shares.
Comment by
marketsense on May 17, 2018 11:49am
Hmmmm, if the proposal gets voted down, maybe they will have no choice but to sweeten if they want to move forward with their corporate agenda. The vote is everything and the thankful exclusion of the parent from voting puts the ENF public shareholders in the drivers seat. I will be voting NO.
Comment by
russter on May 17, 2018 11:58am
I will be voting no! also. I'ts nonsence in the way they used a single days value especialy on a down day.They should have averaged at least 3 months trading history. They caused the downtrend because of expensive aquistions and financing deals and dilution.
Comment by
Sadie222 on May 17, 2018 12:16pm
Whether they pick a single day or a range may not make a difference, since they’ve been trading in lockstep anyway. It’s to establish the ratio, not the price. As ENB SP changes, so goes the value of the ENF conversion. I’m underwhelmed by the potential effect on div, but I like the bump in SP. I’m almost green again!
Comment by
Sadie222 on May 17, 2018 12:32pm
Conversion value is just over $31 at this moment, since ENB got a bump as well.
Comment by
pastafagoli on May 17, 2018 12:34pm
Its about 29.66. How do you get $31?
Comment by
Sadie222 on May 17, 2018 1:01pm
FFS (fat finger syndrome) I used $44 instead of $42 As well as the cut in div, ENB pays quarterly. Very annoying.