Enbridge Inc T.ENB

Writing covered calls for ENB

[LiLy2021]

I own a large number of shares of ENB. Other than the generous dividends (which is never guaranteed, by the way), this stock's performance is disappointing. With the green light for line 3, and the recovery of oil price, I was hoping the share price would be propelled into the high 40's by now. But I still can't find any other stock within the same industry that can be more diversified, and so I keep on holding it.

 I'm thinking about writing covered calls to boost its return. If you've written these calls, or are planning to, can you share the strike price and how far into the future they are to expire?

Thank you for your help.

[FreeAtFiddy]

This post has been removed in accordance with Community Policy

[Quintessential1]

"But I still can't find any other stock within the same industry that can be more diversified" - Shudup shiddy "Isn't Enbridge a 7% GIC? "  - Nope  for those of us smart enough to average down or buy low its more than 7% and no it's not a GIC but when the Sun rises in the east and sets in the West for 66 years, longer than this pup has been alive ( not

[Sapho]

underpeforming is understatment. I have done so well with KEY , PPL. Holding this for now and most of the great opporunity such as CNQ is long passed. Don't mind the yield but growth is not here yet to uncertainity. Hope once the political clouds clears we can see ENB particpiate in upward movement but for now it is hold 

[Marner16]

Lilly: Thanks for joining the discussion A couple of comments: 1) While nothing is ever guaranteed in the market, ENB's stellar dividend history, including this  past year, makes their dividend as close to a sure thing as any company in the market. 2) ENB has had to clear a number of hurdles in the last 5 years.  a) The first was working through the short tem costs of doubling

[prabhatmalik]

Valid comment. Thanks.

[LiLy2021]

I could not have hoped for a better answer. The line 5 dispute that I believe is close to getting resolved was what deterred me from going ahead with writing the calls.  I think I know what to do now. Thank you so much for your time to help me and other investors out. I love ENB and don't want to part with my shares   Good day, folks.