Enbridge Inc T.ENB

Do not buy at these levels

[NPCexe]

ENB has done very well all things considered, but this has much more room to fall. Be patient before averaging down

[ckwong]

Very good suggestion. Although ENB does not buy / sell oil but its share price movement direction is in sync with the oil price. Oil price rises from U$60/70 without any supply disruption for the North America. When the Ukraine war drags on, oil story will not support the U$100 oil price. In previous wars, the oil price was at U$150 level as soon as the war broke out. Consider other factors, if

[FiddyFiddyOddzz]

[FiddyFiddyOddzz]

Enb's " share price movement direction is in sync with the oil price" Hmmmm, ya don't say ? Ckwong wrote:"Very good suggestion. Although ENB does not buy / sell oil but its share price movement direction is in sync with the oil price. Oil price rises from U$60/70 without any supply disruption for the North America. When the Ukraine war drags on, oil story will not

[NPCexe]

It's the demand destruction I fear the worst. It won't be realised much in ENB's case but oil will suffer and ENB will go down with the ship, though not as much as oil companies

[Quintessential1]

Yes a very good suggestion if you want to miss the dividend payment and pay more.   Oil demand is going up right now not down.  The oil price dropped 8% and ENB dropped 0.8%.  If that is the corelation then ENB will be ok. What will it will do in a recession?  Who knows?  If there is a recession. American SPR releases are lowering oil prices by increasing supply