E Split Corp T.ENS

Footnote

[Obscure1]

In a perfectly efficient market, the share price of ENS should be up about $0.16 at the moment but it is only up $0.02.  The discrepancy is not a buying opportunity because the market has already priced in a drop of $0.13 in the NAV that will be reflected tomorrow. 

I apologize if all of this "over" analysis is tedious for you.  I don't read things that don't interest me so I assume others do the same.

[TakingStock]

You were wrong

[Obscure1]

How was I wrong? The appearance of a one day discrepancy was not a buyihng opportunity because the $0.13 drop in the NAV was reflected the next day on the Record Date.   The fact that the price of ENB went up the next day (which increased the NAV) is a separate issue. If the ENB price had dropped the next day, the NAV would have reflected both the $0.13 decrease due to the dividend