Enbridge Income Fund HoldingsENF.TOWATCHApr 18, 2016Stock price when the opinion was issued
As of Nov 10, 2018. Market Open.
Enbridge wants to buy ENF to simplify their corporate structure. In the States, Enbridge offered a small premium, while in Canada, they offered a premium. He suspects the directors of ENF-T are waiting for a higher premium (or that's what he would do). Pays a higher yield than Enbridge Inc. but lacks the dividend growth potential.
This stock is doing a downtrend right now. There is some potential it will break out around the $30 area and that would be positive, but you have to sit back and see it do that before you buy it.