This company is a very large part of the preferred share market in Canada, roughly about 10% of the market. Enbridge Inc has done a “drop down” procedure that a lot of energy companies are doing right now. They took about $17 billion in assets and dropped them down to their subsidiary income fund. This caught investors and credit rating agencies by surprise. The assets don’t go away. Right now there seems to be a little bit of risk as to whether they will continue this procedure, but he thinks they are fine and the company is going to recover.
Enbridge Inc is a OTC stock, trading under the symbol ENB.PR.Y-T on the (). It is usually referred to as or ENB.PR.Y-T
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In the last year, there was no coverage of Enbridge Inc published on Stockchase.
On , Enbridge Inc (ENB.PR.Y-T) stock closed at a price of $.