Enbridge Inc T.ENB

oil

[leo101]

lots of political noise on this board but the price of oil will have a greater impact enb's share price than what the witch from michigan had for dinner last night.

[Quintessential1]

Why?  They don't produce it and they don't sell it at the other end.  They just charge the toll to transport it from one place to another.  Does that toll charge change with the price of oil?

[silkos]

Toll rate has nothing to do with OIL price. The long term contracts ENB has with producers will grant them access to the pipeline and are volume based. You may say that the stability of OIL producers may indirectly affect ENB stock, but there is no direct connection between the oil price and ENB revenue model.

[Quintessential1]

I'm pretty sure long term contracts are not allowed yet but yeah I was sure the oil price shouldn't affect Enbridge's profits.  If anything was going to it would be NG prices as they are an end stream provider but there I would think the lower NG is the more Enbridge would make as they are not a producer and consumer prices are set. Oh yeah, Go Enbridge!  ;-)

[leo101]

market sentiment.  do you think the share price of enb will hold up if oil goes below $50? most people on this board whine about enb being undervalued and that's because the whole sector is out of favor. i've held this since  it was interprovincial pipelines so market noise means nothing to me other than sideshow entertainment.

[silkos]

I don't see how market sentiment will EVER be positive on OIL. If that's a major concern for anyone, then I think they should SELL.

[Quintessential1]

I think you may be confusing Market sentiment and Environmental sentiment.  The Market is positive on oil right now that is why O&G stocks are rising .  The Envvironmentalists will never be positive on oil.  That is why Enbridge should take every opportunity to market itself as an Energy Delivery company and not an Oil & Gas company.  Energy Delivery is Enbridge's

[silkos]

Correct. The negativity around the oil sector and the constant association of oil / non-green energy with the dark side is mind blowing. ENB is put in the same basket as oil producers, so they get the cold press shoulder most of the time. Not the same treatment as L3 protestors & wild rice protectors, guess everybody likes the underdog. Recall when Birkie dropped Enbridge Enrgy

[Ghost71]

This post has been removed in accordance with Community Policy

[NurseRatched]

Oh Mutty, you were so smart to have all these other accounts to play with when you get suspended. Maybe you should get some counselling.

[Joe455]

Take off your bedsheet Trevor and get a life. I don't know why stockhouse doesn't expel you permanently.