Post by
Obscure1 on Oct 05, 2023 4:49pm
ENS Summary
Expected NAV = $9.32
Expected Premium = 13% down from 14% yesterday
ENS up small for the second day in a row after falling 7 straight days.
Has ENB finally quit going down? Same for the bank stox?
Has the market stopped punishing the Splits or maybe it's just a knee-jerk reaction to a small drop in the 10 year treasury yield.
ENB, like all the pipes. is very interest rate sensitive company due to its high debt load. It shouldn't be a surprise that the share prices of ENB and ENS have had a tough year.
I have recently jumped back into ENB through ENS for three reasons:
1) I believe that the market has punished ENB too severely for its Dominion acquistion
2) I believe interest rates will eventually go down by at least a couple of hundred basis points which will reflect positively in a higher market evaluation for ENB
3) In difficult times, ENB is a very defensive stock and the 15% yield offered by ENS at current prices while we wait for better times is too enticing to pass up
Comment by
oldbrit34 on Oct 05, 2023 6:04pm
Thanks O1 for the info. and assesment of ENS. Just to let you know you are not a " lone voice crying in the wilderness" as this split came up on my radar for the first time . With a really good NAV, small premium and 15% divvy its looking very attractive even though there is only one stock involved. Enbridge always comes back and pays off for the patient people.