Bill Carrigan
Enbridge Energy Partners LP.
EEP-N
BUY
Jan 25, 2016
The volume has been stepping up a bit. The interest in the stock has been accompanied by increased volume, which is good. He thinks it is favourable here. The increase in volume tells him it is trying to build a base. Ease into the stock, thirds a couple of weeks apart.
Theoretically this would take a hit if interest rates went up, but there is going to be a pull and a push on this. If you have the higher underlying commodity pricing, that would support one aspect of it, but a headwind on the rising rate environment is going to affect you.
People are kind of negative on the sector. Pipelines in general are not everybody’s favourite asset right now. Dividend yield of over 10% tells you people are very nervous about them covering the dividend.
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The volume has been stepping up a bit. The interest in the stock has been accompanied by increased volume, which is good. He thinks it is favourable here. The increase in volume tells him it is trying to build a base. Ease into the stock, thirds a couple of weeks apart.