Bullboard - Stock Discussion Forum Enbridge Inc T.ENB

Alternate Symbol(s): ENB | T.ENB.PF.A | T.ENB.PF.C | T.ENB.PF.E | ENBOF | ENBFF | T.ENB.PF.G | EBBNF | T.ENB.PF.U | T.ENB.PF.V | EBGEF | T.ENB.PR.A | ENBGF | T.ENB.PR.B | EBRGF | T.ENB.PR.D | EBRZF | T.ENB.PR.F | T.ENB.PR.H | ENBHF | T.ENB.PR.J | ENBRF | T.ENB.PR.N | ENNPF | T.ENB.PR.P | ENBMF | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Energy Oil & Gas Midstream

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and... see more

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TSX:ENB - Post Discussion

Enbridge Inc > Investment re-iteration = Green Bad, Oil Good

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Post by SargeX on Jan 14, 2021 1:15pm

Investment re-iteration = Green Bad, Oil Good

I've been getting a few private messages asking about stocks and portfolios so I thought I'd share some thoughts for those interested.

I know a few people don't like my posts so all i can say to them is "don't read them".

Anyway, as I've been saying for a little while, anything green including the pure renewblres is grossly over-priced and headed for a 10-20% correction in the next months. On the other hand, the midstreamers are grossly under-priced and headed for a run-up.

I didn't think it would be this quick but I think these moves are now underway. As mentioned, we sold all our BEP.UN and had tiimmed 30% of our NPI. I just trimmed another 800 shares of NPI this morning at $47.22. It's a big capital gains (as our avg buy price is $21.39) but I managed to do some good Excel/Taxtips tax work to sneak it in and avoid OAS clawbacks.

I'm not sure what we'll do with the dough as we have full positions in everything we like. Maybe use some of it for trading and give some extra to the kids & grandkids.

On ENB specifically, I still think it is going to hit $50 sometime by end of May. I'm not sure if it will be able to hold that price as there is going to be a fair amount of trading and speculating on it. Bottom line is I wouldn't be selling now.

Ciao
Sarge

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Comment by SargeX on Jan 14, 2021 1:20pm

Interesting tidbit on NPI - had a high of $50.98 last Friday. Now $46.61 which is a drop of 8.57% so 10% iisn't very far off/

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Comment by SargeX on Jan 14, 2021 1:25pm

tidbit part 2. Just checked BEP.UN. High last Friday was $63.39. Now $58.06. Drop of 8.41% so virually the same as NPI.

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Comment by NPCexe on Jan 14, 2021 1:55pm

Why don't you take that trim and buy ENB? I still think it's undervalued despite the line 3/5 risks.

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Comment by SargeX on Jan 14, 2021 2:07pm

Hey NPC We have a full position in all of ENB,TRP, PPL, and KEY and very close to a full postiion of IPL. Part of our investment stratgey is to keep book value% < 5% for an individual stock to spread our investments around. I'm considering doing some short term trades on it if I can get in sync with the price movements. Ciao Sarge

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Comment by TJplows1 on Jan 14, 2021 4:54pm

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Comment by jerichoDeer on Jan 20, 2021 1:47pm

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Comment by Ghost71 on Jan 20, 2021 1:56pm

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Comment by Tammywestley on Feb 03, 2021 2:52pm

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Comment by MuttPatrollives on Feb 03, 2021 4:27pm

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Comment by jerichoDeer on Feb 03, 2021 5:06pm

ouch, you probably should have stuck to GIC'S there mutt troll

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Comment by SaraTimbs on Feb 04, 2021 1:54pm

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Comment by valerieMcdonnel on Feb 04, 2021 2:53pm

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Comment by onetrueking on Feb 03, 2021 5:27pm

Relax Tinkerbell. You are the cancer of stockhouse so don't get your knickers in a knot when the white blood cells get frustrated. Now go back to the homeless shelter and give the other hobos what they want.

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