Enbridge Inc T.ENB

At some point, a shoe is going to drop

[Marner16]

I was hoping BRK was going to show up as a holder.  I thought it could have sparked a move up to the consensus target of $52

In hindsight, I think it is a good thing that the rise will be gradual, otherwise I may have been temped to take the win and redeploy the proceeds in SU or somewhere else.  SU is going to have a huge year in 2021 as they wrote everything down and slashed their operating costs while their stock is in the toilet.  Enough about SU as this is a ENB forum.

Now is is back to the "boil a frog" scenario for ENB.  The slow grind will be much more conducive to holding long term, which remains an investment goal. 

ENB shouldn't be living the slow grind because it is significantly undervalued by every metric.  However, the market is always right, even when it is wrong.  As long as the "run from oil" market mentality prevails, ENB is going to have to just power through.

It's hard for me to visualize that oil ends up following the pathway of tobacco although there are similarities.  Both industries wear the pariah label.  However oil usage is going to be with us for a long time. 

Imo, oil needs to reinvent itself as net zero GHG.  If the nat gas industry simply buckled down on methane leaks and oil focused on cogen operations, a compelling arguement can be made for limiting wind and solar to regionalized sources of energy as the cost of building  transmission infrastructure is crazy high.   

Other options are opening up for improving the efficiency of existing energy sources (nat gas, wind, solar, hydrogen, RNG, biofuels, etc) significantly (by up to 90%) when it comes to powering electricity. 

Talking about electricity in an energy discussion may sound a bit abstract until you realize how much of the hydrocarbon industry is dedicated to generating electricity.  To that end, I'm currently doing a deep dive on a Canadian engineering based start-up that claims they can slash electricity costs and eliminate GHG emissions for large energy consumers by utilizing rocket science (aeronautical engineering and thermodynamics).  My interest was born out of  frustration at my inability to find any renewable investment that doesn't have huge evaluations that are far exceed their intrinsic value (the exact opposite of what ENB is experiencing).

In the meantime, somebody bought 96 million shares of ENB in the last 6 end of day trades.  I can't wrap my head around that kind of volume in the middle of a quarter being portfolio house keeping.  At some point, a shoe is going to drop.  Anybody claiming that volumes like we have been witnessing at the end of each day are normal hasn't bothered to look at what ENB typically trades in a day (about 4mm shares) before the huge crosses started.

[FreeAtFiddy]

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[NPCexe]

Aw cmon giddy be nice. It was a food prediction while it lasted, got us all excited. Nothing wrong with that

[Backinblack1000]

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[Whocares2020]

Crosses can also simply mean in house account transfers between funds in same house/institution. One fund to another.  Funds are known to window dress, especially quarter end.... Doesnt always mean bad or good....all im saying.

[FreeAtFiddy]

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[Marner16]

Over the past 6 trading days, the last second crosses have averaged 16 million shares per trade. There are only 14 institutions that hold 16 million shares of ENB The trading has taken place in the middle of the quarter and the middle of the month That is a lot of window dressing.....just saying.

[Backinblack1000]

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