Enbridge Inc T.ENB

I do not understand this stock

[prabhatmalik]

For no reason it starts going down though it has nothing to do with lower oil prices. This company just distributes oil and gas and also it is a utility company too.
Baffles me.
When goes down to $50 I willl buy more on margin because the dividend will cover the margin cost easily and there is potential for up side.

[FiddyFiddyOddzz]

PRABHAT - I don't disagree with your margin idea, in fact i'm contemplating doing the same thing with BNS after it set a new 52 week low Thursday, and is now yielding 5.8 %.  I mean, how low can that dog go, right ? Not to mention the interest paid on margin is tax deductible Further, at 71 dollars, BNS is 25 percent down from it's 52 week high.  Because it's dropped so

[wannabebuffet]

ENB and BNS are both total bargains. I own both and am buying more. The dividends are great. With banks, if they are not making enough money they close branches and raise fees.  Easy business model. In bed with government too. Warren Buffett would say the market was a 'drunken manic schizophrenic who gives you a price every day'. Warren also said 'when it is raining gold put

[FiddyFiddy]

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