Enbridge Inc T.ENB

Charlie Munger: Not hoarding cash, looking for opportunities

[ckwong]

Posters on this board speculated that BRK might buy ENB since last summer. We do know ENB's inititute holding has been reduced but who picked up? The following remark from Charlie may suggest this could happen if he sees the value in ENB:

He noted that Berkshire has excess cash, but it's not holding it in an attempt to time the market, it just can't find opportunities to deploy it.

You can read the whole article on his view about investment here:

Billionaire investor Charlie Munger blasts traders, slams crypto, and rings the inflation alarm at Daily Journal's annual meeting

[stocktalk]

BRK seeks value long term safe holds for hungry dividend shareholders. ENB fits the profile without a doubt, strong cashflow, growing projects, a sleep at night stock. Oil and gas is not going any where, the population will alway be growing and consuming. Keep up the good work Mr. Wong.

[Quintessential1]

It would be a shame to not be invested in this when and if somebody tried to land a whale. It would be ironic if you were not and you were the one pushing the idea. It could generate a 20% premium in a buyout. Go Enbridge! ;-)

[ckwong]

Thank you for your kind words stocktalk. Marner and Fantome started the idea. I follow their suggestion for my own diligent. Please do not call me Mr. Those who call me Mr. usually charge me very expensive service charge. ck

[Quintessential1]

Yes it was usually timed to coincide with the runup to earings to help raise the share price before the the dividend swingers sold all their holdings.   In the end it was proven out to be just institutional investors balancing their accounts at the end of certain periods but it always caught the attention of a few unsuspecting rubes. Here's to not being one of them. Go Enbridge! ;