Post by
prabhatmalik on Oct 25, 2021 10:40am
ENB vs Oil prices
In past when oil was going lower, enbridge used to go lower as some said enbridge is considered part of oil etf. So now what, oil is up ENB down! Any explanations?
Comment by
JohnSP on Oct 26, 2021 12:53pm
Second biggest position is ENB.TO, historically ENB is sensitive to oil/gas price, not directly as they are basically a utility, but in sympathy as their counter-party's risk increases or decreases with oil/natural gas price.