Author Topic: ENB - Enbridge  (Read 14071 times)

Uccmal

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 3713
Re: ENB - Enbridge
« Reply #30 on: June 30, 2018, 09:44:01 AM »
http://www.cbc.ca/news/business/enbridge-minnesota-line-3-1.4726894

Yes, Huge gains this week.  Sold a bit of my position off.  It was far and away my largest holding by repeatedly buying on the dips.  Slept better last night. 
GARP tending toward value


sarganaga

  • Jr. Member
  • **
  • Posts: 82
Re: ENB - Enbridge
« Reply #31 on: June 30, 2018, 06:20:38 PM »
Sold all of mine Friday.

Spekulatius

  • Hero Member
  • *****
  • Posts: 1957
Re: ENB - Enbridge
« Reply #32 on: July 01, 2018, 05:18:53 AM »
Owning ENB has been a bit trying recently, but I never lost sleep owning it and it is one of my largest positions for me.
To be a realist, one has to believe in miracles.

Ghost

  • Jr. Member
  • **
  • Posts: 63
Re: ENB - Enbridge
« Reply #33 on: July 05, 2018, 07:47:33 AM »

Enbridge to sell natural gas business to Brookfield for $4.3B

http://www.cbc.ca/news/canada/calgary/enbridge-brookfield-1.4733055

Interesting move.

Spekulatius

  • Hero Member
  • *****
  • Posts: 1957
Re: ENB - Enbridge
« Reply #34 on: July 05, 2018, 10:24:42 AM »

Enbridge to sell natural gas business to Brookfield for $4.3B

http://www.cbc.ca/news/canada/calgary/enbridge-brookfield-1.4733055

Interesting move.

ENB is concentrating on long haul NG and crude pipes as well as utility ops. Basically, they are getting rid of assets with volatile cash flow or where they are sub scale.
I think the proceeds from this sale basically pay for the remainder of line 3 capex.

I like the move, and would like it even more, if I knew they got a decent price for their sale. One thing is clear- the short thesis that ENB is leveraged too high , leading to rating downgrades is quickly becoming unhinged.
To be a realist, one has to believe in miracles.

benhacker

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 866
Re: ENB - Enbridge
« Reply #35 on: July 05, 2018, 10:43:47 AM »
Spek, do you see any risk in EEP/EEQ deal break and/or ratio re-negotiation (in a downward direction for EEP/EEQ holders)?

I agree with you generally that ENB is attractive, and stepping in via EEP/EEQ seems like the best way to own.
Ben Hacker
Beaverton, Oregon - USA

Spekulatius

  • Hero Member
  • *****
  • Posts: 1957
Re: ENB - Enbridge
« Reply #36 on: July 05, 2018, 12:25:14 PM »
Spek, do you see any risk in EEP/EEQ deal break and/or ratio re-negotiation (in a downward direction for EEP/EEQ holders)?

I agree with you generally that ENB is attractive, and stepping in via EEP/EEQ seems like the best way to own.

I think ENB is not very likely to break the deal. I think there is some likelihood that the exchange ratio gets sweetened, in particular for EEQ.
To be a realist, one has to believe in miracles.

benhacker

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 866
Re: ENB - Enbridge
« Reply #37 on: July 05, 2018, 08:56:13 PM »
Thanks Spek, my view is the same.
Ben Hacker
Beaverton, Oregon - USA

Spekulatius

  • Hero Member
  • *****
  • Posts: 1957
Re: ENB - Enbridge
« Reply #38 on: July 06, 2018, 06:37:42 AM »
I swapped some ENB into EEQ yesterday as the price ratio seems favorable. I think EEQ is most likely to receive a bump in exchange rates because EEQ has the same economic rights than EEP, yet received a lower exchange rate, due to the quote being lower than EEP at the time the deal was announced. From a fair value principle, this does not make sense.
To be a realist, one has to believe in miracles.

ValueMaven

  • Full Member
  • ***
  • Posts: 249
Re: ENB - Enbridge
« Reply #39 on: September 09, 2018, 06:51:16 AM »
Does ENB issue a K1?  Can anyone explain this to me in simplistic terms?