ENB Stock - Long investmentENB is creating a bullish symmetrical triangle.
Breaking the upper trend and the Fibbo 0.618 @ 55 dollars (called Buying zone 1 in chart). ENB will make a 10 percent upwards bullish run ( to TP1).
There will be a small correction between TP1 and Fibbo 0.785 @ 56.89 dollars.
Then will potentially hit the 65+ zone (to TP2)
Enbridge
Enbridge $57 TargetOne of the largest dividend payer on the TSX set to increase that dividend by the end of year/early 2022
They move 25% of nat gas in canada and us on top of solid portfolio of renewable assets
Doesn't get more blue chip stock than this.
I like to focus my portfolio on companies that are leaders in whatever field they operate in and have shown clear outperformance against peers and Enbridge fits that bill
January calls with a 57/58 strike is how I am playing it.
TSX Energy Monthly and Weekly breakoutWe have the Monthly and Weekly candles already 2 to the upside.
I am looking for continuation to the upside the rest of the month with crude prices seemingly having found a bottom.
Favorite pick in sector is ENB / CVE / WCP
We need that monthly candle to remain green 2 to the upside to stay long
NatGas is not Oil ENB Distribution OccurringNear the upper end of the range, have been waiting and accumulating fiat, would have loved to buy lower but cash came in one day late for me and now I am looking to buy my next tranche of ENB, but I am loathed to do it in the upper mid 40s. There is about 2 Month till the next Ex-dividend date and there is still time to range on this one. Anything can happen and at near 7.5% yield, this is a decent buy and hold for years. Most of my purchases of ENB have been at the Mid to High 30s and Low 40s so I would like to keep my cost average down.
So back to my point, NatGas is not oil, so when Oil rips higher, a lot of newer investors look at ENB and their very decent yield and assume mistakenly that the rip in oil will boost ENB. To a certain extent it helps ENB, but ENB is not a pure oil play. ENB is very much a NatGas play and as we approach spring (very soon) the need for heating starts to end and we are not warm enough for Air Conditioning in the Northern Hemisphere. Spring time is usually a good time to buy ENB based on the yearly cycle, so my thesis is to wait and accumulate cash and look to target a move down for adding or starting a position. Again, this one is a good Buy and Hold and from a personal point of view, I would like to increase my holdings on this one by 50%->100% more.
Might be using left over Gold via PMs to do that, as it does nothing for me in the long run. Perhaps I can thread the needle and if the bounce in Gold is meaningful, and enough people buy the inflation story, we can see Gold try to limp back to above 1800. On the topic of Gold, probably we will see crabbing (market losers who got their timing wrong and are looking to exit with reduced loses, and thus we have a fair amount of retail sell pressure), and the usual nonsense with people looking to exit all the way up on any decent rallies, this would be retail looking to cut losses when they bought near multi-year highs. I'm not in that position, my PM advisor is all risk free as I have taken my original investment out and I really don't care what happens to it. Not saying gold is dead, but it is a rich man's game, and a central banker's game. Would rather have dividends than this security blanket.
ENB Gap BuyInsert whichever narrative you like, problems on line 5, oil ripping past 60$, or there is a gap near 43.00. I would like to buy more ENB, but I would rather buy nearer to 40/43 where the yield is much better and it would not push my cost average to much higher. Also that wick-up that occurred a few days back. Doesn't always happen, but I find in many markets, those long wicks tend to get re-tested and sometime break lower for a bit before the market has decided to follow the path of said wick. Ideal buy would be between now and next ex-dividend date, but of course buying ex-dividend can yield a superior buy-price.
Crude Will Surprise Everyone in 2020 Contrary to what people have been talking about for the past, really, 12 months about crude plummeting to 30 bucks, in reality, this will not happen and Crude will steadily rise in 2020 and perhaps even a good portion of 2021. Of course, there will ALWAYS be good short opportunities but I focus on mid/long-term trends for those who follow my ideas.
There are several reasons for this and to capitalize on this Crude push, people should invest in Canadian energy stocks such as: Enbridge, TRP, Canadian Natural Resources and Suncor. In fact, many of these stocks I have listed are up over 15-20% this month alone and will continue to surge in 2020.
It is important to realize Crude will NOT rise based on demand, but rather other key factors. Demand is still imperative (most cars, planes, military equipment, trains, etc), but obviously, the demand is lesser compared to a decade ago. However, other things are in play.
Key Points:
1) Saudi Aramco IPO has created international interest again in the sector
2) Saudi's will decrease oil production to inflate crude prices again which will decrease US surplus inventories
3) Weakness in the DXY will continue to drive commodities up quite steadily in 2020 and likely even in 2021 as a result of further QE/liquidity in the markets & weakening economic conditions again from Q2 2020 & further rate cuts in 2020 contrary to what people ignorantly believe
4) There is no recession happening in 2020 which in-turn will drive commodities up inherently
Why Canadian Energy will be a Winner:
1) Many of the finest energy stocks are of Canadian descent
2) Many top Canadian companies have announced a significant increase in cap-X for 2020 (and increase in dividends - hikes)
3) There has been an astronomical flood of volume in these stocks over the past 1-2 months
4) Low P/B and low P/E ratios will push international and domestic investment into the sector as big money searches for strong value as it acknowledges we are in a "melt-up" which will last for the next 8-12 months
5) This acknowledgment of the US (and world) equity markets being in a melt-up continuation for most of 2020 will be a reason why Precious Metals will also be a bonafide winner alongside crude and other commodities. This can be seen with a strong finish in the metals in 2019 and why options traders show significant volume for the long-term contracts in the metals for a continued bull run several months out
I focus on the mid and long-term trends. Not day-to-day trading. Day-trade at your own risk.
- zSplit
Trade Idea - ENBUpdating my short-term assessment on ENB of last week. I'm targeting ENB to hit the area between the level 1 of the fib extension from the last rally and the 0.618 fib retracement level from this year's highs, after the last retracement rally already gone through the 0.382 level, I think it's time to go for the 0.618. There should be some resistance around 43$CAD though.
Target 45-46$CAD / Stop Loss 39.50$CAD. 4/1 reward-risk ratio. Upside 12%+
Enbridge_(TSX: ENB)_May_10_2018Enbridge is one of the largest energy infrastructure companies in North America. It operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. It's primary area of operations include Canada and the United States.
The stock has treaded downwards since it announced the acquisition of Spectra Energy in 2016 resulting in a debt of close to $60 billion dollars. However, the company has started to sell several non-core assets for which the has received considerable interest from potential buyers. In the long run as oil and gas prices increase, Enbridge is surely going to benefit from the increase in prices.
In the short to medium term, the price has cross the upper bound of the channel. Buyers interested in buying should wait till the stock pull back to the upper support of the channel and confirm that the support holds. However, I strongly believe that at these prices the stock is a steal compared to the assets and potential income from those assets.