Enbridge Inc T.ENB.PR.N

Exposed

[marketsense]

Michigans gov Gretchen Witmer has now fully exposed the lunacy of her stubborn
resistance to ENB's pipeline operations.  Guess she never counted on a war but 
then we are not living in a fantasy world that she and others would wish.

If Gretchen had her way ENB would have been shut down long ago creating a 
scenario where the whole world would have been held hostage to Russian oil.
Even if the sanctions were to include a global boycott of Russian oil,  at least 
Canada is there to keep the oil flowing south.   I'm sure Biden has told Gretchen
to STFU for the time being until we're out of this crisis.

War is a very sobering event that causes us to re evaluate our priorities in a hurry
so things like green initiatives and cranking interest rates up to dampen inflation
need to be put on the back burner for a later time.  How long is anybody's guess
but the Americans better thank God those pipelines are flowing and Canada is 
still in the oil business no thanks to Justin and his accolytes.

MS

[FiddyFiddyOddzz]

This would be an ideal time for Enbridge to give gov. Whitmer what she wants, and shut Line 5 down now. Oppourtunities like this do not often present themselves, perhaps an Enbridge invoked Line 5 shutdown for "spring maintenance", is just what the doctor ordered.  Not a permenant shut down, just a shut down until maybe mid-June or so.  Enbridge could put a "looking out

[silkos]

This would be a colossal mistake. Why give them options? ENB is a reliable supplier, not using Putin like tactics.

[FiddyFiddyOddzz]

Might I add, it's mind boggling Biden is still purchasing Russian oil, and basically helping to fund the misery the Ukranian people are being subjected to. Grandpa Joe has made pricing at the pumps more of a priority than the price of human lives in Ukraine.  Says Joe :"Now Vladamir, you stop this war now you hear, but if you want to continue with it, we're happy to help fund it

[Quintessential1]

Its not often I find my self agreeing with you guys but here it goes. Silkos is right about shutting down Line 5 being a huge mistake.  You do not want them to figure out just how much they may not need Line 5 on top of the fact that it is flowing full tilt boogie with heating season in full swing.  Besides it looks like Putin made the case for not shutting down Line 5 for Enbridge

[bttmfischer]

Very well put,marketsense. The only disagreament I have with it is using the word  ACOLYTES. The more accurate adjective would be, "lame brained eco-idealists", who live in Never-Neverland. Incidentally, last night a number of American politicians suggested that Keystone should be finished to replace the oil the US is buying from Russia, as the drilling program in the US was halted

[FiddyFiddyOddzz]

No way they'll resurrect Keystone, it's environment first over everything isn't it ?  Going green has a price, and that price is what people are now paying at an ever increasing rate, at the pumps. Global warming is a major concern, and if folks in the USA need to pay 6-7-8, or even 10 dollars a gallon, then so be it.  We only have one planet, and we need to save it no matter

[Quintessential1]

Keystone is gone and throwing environmentalists on the fire won't restart it. The USA has the capacity to ramp up imports of Canadian crude by rail by 200,000 barrels per day.  If you want to buy stock by CP.  They just bought a shiny new north south railroad. https://www.oilsandsmagazine.com/projects/crude-oil-by-rail#USA

[FiddyFiddyOddzz]

QUIN - Totally agree - I've been eye ballin' CP for a while, just haven't had the nut sack to pull the trigger yet... Quin wrote:"Keystone is gone and throwing environmentalists on the fire won't restart it. The USA has the capacity to ramp up imports of Canadian crude by rail by 200,000 barrels per day.  If you want to buy stock by CP.  They just bought a shiny

[NPCexe]

Safe to say ln 5 is not going to cease its operations anytime soon.

[FiddyFiddyOddzz]

NPC -  Correct.  Line 5 will cease to operate only when a court orders it to do so. OR, in the unlikely event of a catastophic leak..... Npc wrote:"Safe to say ln 5 is not going to cease its operations anytime soon."

[NissimLevy]

And you don't think these environment crusaders will sabotage Line 5 just to show how it can leak? Don't be naive. They will do it.

[FiddyFiddyOddzz]

Damn right the enviro terroists could hit Line 5, i've mentioned that numerous times over the past couple of years.....

[Quintessential1]

Yeah and I have thought you were nuts everytime you said it.  Name a time the environmentalists caused a environmental disaster protesting an environmental problem? They aren't like your right-to-llifers bombing abortion clinics to save babies. They are smart educated people and won't hurt their own cause)or the environment) by doing something that stupid. As a warning you are

[NissimLevy]

https://www.economist.com/1843/2021/11/11/the-pipeline-saboteurs

[FiddyFiddyOddzz]

QUIN - You are right, five is alive.  But anything can happen anywhere in this day and age.  And didn't the enviros manage to turn off one of Enbrige's taps not so long ago, and cause a temporary shut down ?  If they gained access that easily , they basically could have done whatever they pleased.  Thankfully they didn't. Quin wrote:"Yeah and I have thought

[Quintessential1]

Couldn't find one eh?   Good, because I checked first LOL. Yeah they shut the line off accordoing to Enbridge and they also called them and told them they were doing it so that nothing would be broken by the stress of a valve closing at full capacity and cause an inadvertant leak. I don't actually blame these people.  The sooner that Line 5 is running through a tunnel 100&

[FiddyFiddyOddzz]

QUIN - To be honest, i didn't really look for any articles.  I'll take your word for it that there aren't any. I'm getting old, and I have no fight left in me. I just couldn't be bothered getting into a pissing match :) I completely agree running the pipes in water unprotected in the first place, was a bone headed idea.  Who on earth thought this was a good

[SargeX]

Hey Fiddy I hope you had a good time down south and enjoyed not being on Stockhouse all the time. ENB is definitely the riskiest of the midstreamers. If you're worried about this and that (ie: Line5, Mainline contracts, etc) with ENB, it's never too late to sell half and put it into a different midstreamer. At this point and even in spite of the run-up, I still think PPL would be your

[FiddyFiddyOddzz]

Good suggestions, thanks Sarge. I'm hoping old ENB is gonna hit 60 soon, maybe make some decisions then. Sarge wrote:"Hey Fiddy I hope you had a good time down south and enjoyed not being on Stockhouse all the time. ENB is definitely the riskiest of the midstreamers. If you're worried about this and that (ie: Line5, Mainline contracts, etc) with ENB, it's never too late to sell

[SargeX]

Hey Fiddy I just saw a BNN article from Kenney about Keystone XL. As a TRP shareholder, I really hate the idea of TRP doing anything as I think there would still be majot grief, no matter what they say. Anyway, if you are thinking of swapping some ENB out, if I was you, I'd just do half to PPL. Here's a link to the BNN article. https://www.bnnbloomberg.ca/alberta-s-premier-says-it-s

[FiddyFiddyOddzz]

SARGE - Thanks for the link man, i'll have a look at it ! Sarge wrote:'Hey Fiddy I just saw a BNN article from Kenney about Keystone XL. As a TRP shareholder, I really hate the idea of TRP doing anything as I think there would still be majot grief, no matter what they say. Anyway, if you are thinking of swapping some ENB out, if I was you, I'd just do half to PPL. Here's a link

[SuperDude2]

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[CanSiamCyp]

This post has been removed in accordance with Community Policy

[SargeX]

Hey CSC That would sure be wonderful for TRP but I totally doubt that is going to happen. I just hope TRP doesn't do anything stupid and be overly optimistic. Take her easy Sarge PS - Canada and the US are sure a big mess with these two idiotic and idealist/unrealistic gov'ts.