Enbridge Inc T.ENB

Renewables

[SargeX]

As I've been saying for the last year, renewables have a ton of flaws - unreliable, non-recyclable parts, need for tons of grease for windwills, etc, etc. That's why we sold all our BEP.UN and NPI late last year and early this year and put the cash to work by buying more of most of our other holdings, including a big whack in our 4 midstreamers - ENB, TRP, KEY, PPL.

I noticed the pure renewables are geting massacred today and may have found out why. California is limiting some of the solar subsidies (see link below).

I know some people have been complaining about the share price of ENB so I put toigether a table to show the YTD% change. Note that it is share price only so if he way higher yields for mistreameres vs pure renewables was facotred in, it'd be an even bigger difference,

Interesting stuff.

https://www.bloomberg.com/news/articles/2021-12-13/california-proposes-deep-cut-to-rooftop-solar-incentives

		21.01.01		21.12.14		%YTD
NPI		45.67		36.54		-19.99
BEP.UN		56.48		42.61		-24.56
ENB		40.71		48.13		18.23
TRP		51.75		58.74		13.51

[silkos]

Thanks Sarge, Interesting stuff. Plus, even after going down the renewables are still overpriced. The euphoria that kicked in after Biden's win led these stocks to levels I am not sure if they will reach again anytime soon without government help / policy change. It's like cannabis legalization euphoria. 

[Defiance2050]

Weird that a short term decline is happening for both midstreamers and renewables at the same time. Factor in YTD for Emera and FTS at roughly 15% and AQN of slightly over -15%. I sold AQN last week to buy a company on the recent market dip. 

[Red_Deer]

Hey SARGEX__As USUAL some interesting commentary and YTD Comparative DATA. You HighLighted NPI as AN EXAMPLE of how poorly the Renewables Have BEEN Doing Are you STILL sticking with Your RULE__NEVER SELL @ a LOSS eh ???__on Your Last SWING Trade BUYIN of NPI SargeX (8576) User Actions   October 09, 2021 - 02:54 PM 101 Reads Post# 33992183

[SargeX]

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[Karren411]

good points

[Lisagerrard17]

[Larrymartin77]

[Lisagerrard17]