Enbridge Inc T.ENB.PR.Y

falling prices

[MaterialsMan]

Natural gas prices are tanking.
From what I understand, it is mostly about overproduction.
I can't quite figure out how and when, if at all, this will affect ENB's revenue stream.
If existing contracts are long term, it would seem that the company is relatively immune from disruptions as regards revenue. Not sure what happens when it's time to renegotiate.
Also, now that ENB is in the retail distribution business, it's probably a question mark as to how reduced gas prices will affect the bottom line in that area.
I don't know how often state regulators force utilities to adjust retail pricing.
Also, the current admin. has announced that LNG production will be curtailed. I believe that is a political move.
Hopefully, none of these issues will interfere with the forward progress of the Enbridge train.

[VanLudwig]

Prices are at 2020 lows, didn't have much to do with earnings back then.

[idleweiss]

As soon as next year, the United States’ fossil fuel industry will gain its first foothold on a valuable shortcut to sell natural gas to Asia. The shortcut goes straight through Mexico. The new route could cut travel times to energy-hungry Asian nations roughly in half by piping the gas to a shipping terminal on Mexico’s Pacific Coast, bypassing the traffic- and drought-choked Panama

[idleweiss]

This is a quote from the New York Times a few weeks ago