E Split Corp T.ENS

Divergence

[ANALOG GUY]

Enb was up .31% today 

Ens was down .70% today 

If you compare the two on a 1 year chart you will see they started diverging last August 

Over the last year Enb is down 2.34%

Ens is down 24.93%

In The previous 4 years both were tracking perfectly 

Anyway

Added 2800 shares at $11.28 today 

Holding 7800 at $11.53 average yielding 13.5%

GLTA

[oldbrit34]

So A. Guy , do you have any thoughts on why the divergence and why it has become so much ?

[ANALOG GUY]

I am not sure, only been here for a month, I was hoping one the long timers would have an opinion  I see the Dividend was increased to .13 in 2019 and has been rock solid ever since  They have had 3 Overnight share offerings in the last 11 months...... seems like a lot to me, but like I said I'm new here 

[ANALOG GUY]

Maybe I will email Middlefield and ask  There must be an explanation 

[Experienced]

 I suspect that Obscure would have the detailed information/historical numbers but there is a simple explanation for the divergence and it relates directly to a point I have made here many times regarding buying splits like ENS at a premium to NAV. Over the time period that you are talking about a couple of related things have happened.  The first is  that in the past ENS has

[ANALOG GUY]

Middlefield answered my email  Basically reiterating what experienced said  They can't control the stock price because of people buying above the NAV Their focus is on the "NAV total return" May 31 2023 - May 31 2024 that was +13.87% I think the NAV yesterday was $11.25 ENB tracking lower almost daily  Could be a real buying opportunity coming for