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Bullboard - Stock Discussion Forum E Split Corp ENSPF


Primary Symbol: T.ENS Alternate Symbol(s):  T.ENS.PR.A

Energy Oil & Gas Drilling Oil & Gas Equipment & Services
The objective of the Class A shares is to provide holders with non-cumulative monthly cash distributions and the opportunity for capital appreciation through exposure to the portfolio. And The investment objectives for the preferred shares is to provide holders with fixed cumulative preferential quarterly cash distributions and return the original issue price of 10.00 Dollars to holders upon... see more

TSX:ENS - Post Discussion

E Split Corp > Numbers tell stories
View:
Post by Obscure1 on Nov 10, 2024 5:38pm

Numbers tell stories

It looks to me like Middlefield's E Split Corp has had call options exercised that they wrote.

I know, nobody cares. 

.

Comment by cttglvr on Nov 10, 2024 5:47pm
I for one would like you to expand on your statement. Would the calls be on ENS or ENB? What is your take on the effect on ENS? Thanks!
Comment by Ganyman61 on Nov 11, 2024 9:44am
Good start this morning. I  know it's hard for traders not to sell but the only way to drive the price up is to raise the bid/ask price upwards. 
Comment by Obscure1 on Nov 11, 2024 9:47am
Middlefield writes covered call options on its ENB shares to improve yield (which just happens to pay their fees) ENB shares go up>>> options get exercised>>>>ENS ends up with fewer ENB shares>>>>changes the ratio for my Live NAV calculation Real question is how does Middlefield balance the equation which they do everytime within a few days?  They either ...more  
Comment by Ganyman61 on Nov 11, 2024 10:05am
Very interesting. If that's the case them we are fighting a losing battle against Middlefield and we have our answer as to why ens is being held back.
Comment by Experienced on Nov 11, 2024 10:13am
Ganyman....not really Middlefield is probably more peeved than we are about the discount especially since not that long ago they were able to issue more shares of ENS through overnight offerings on a regular basis since people were stupid enough to bid the ENS price up to mid teen premium NAVs. Frankly I am happy to buy ENS at less than it is worth and pick up a higher yield.
Comment by Ganyman61 on Nov 11, 2024 10:17am
It seems like a few hundred shares are moving the price up and down diffenently retail investors. 
Comment by Ganyman61 on Nov 11, 2024 11:59am
Just checked Middlefields website as of Nov. 8 the discount to nab is 1.42$  WOW!
Comment by Beuler on Nov 11, 2024 5:05pm
Charts at multiyear trendline,  quick trip to 15 if it breaks 13.53. .
Comment by Experienced on Nov 11, 2024 10:09am
Good discussion... Here's my take... A long time ago I was an active options trader and also had a close friend who was an options specialist on the CBOE (he likened his job as picking quarters in front of a steamroller...lol).  My experience back then and I suspect that this is still the same today is that most options are not exercised and in my case if I sold covered call options and ...more  
E Split Corp