Enbridge Inc T.ENB

$46 and US/CAD experience

[silkos]

So we're finally moving up, hope $46 will hold it ... ENB is on its way to $49+ IMO. If/when it reaches $49 I will trim my position. 

Have to say it was impressive to witness ENB strength yesterday.

Wanted to share also a positive move that some can make in their portfolio if trading in both US/CAD. Looking back at my ENB transactions in 2020, I always monitor US/CAD prices and the latest ENB positions opened in 2020 were on the US exchange.

Since then the US/CAD dropped from 1.34 to 1.25 which translates into a 6% deppreciation only due to exchange rate. If US/CAD drops further to 1.2, it translates into a 11.4% deppreciation. Depreciation that was avoided. 

So if you trade in both CAD/US, the exchange rate forecast can provide some valuable info and can allow you to consistently improve your holdings.

GLTA

[staythecourse]

Good points. Difference with me (semi-retired at 67) is that I bought at $40 (TSX) well over a year ago on the advice of a retired financial planner/ broker friend of mine and am simply holding, as he is, until we meet our maker. GLTA

[silkos]

Life happens and we all have different plans / goals. I suspect you are in it for the div payout and growth comes second. I am sure you will do good with ENB ... once all the noise re L3 & L5 is gone, ENB will push to new heights. I always have an in/out plan and discipline is key. $49 cross is my trigger. If the stock shoots to $60 so be it, I am OK with it - after all I am only trimming my

[prabhatmalik]

Last year in end of February it was $56 cdn. I am hopong it will reach there this year.

[FreeAtFiddy]

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