why is enbridge stock so low

This is simply a great stock being overshadowed by industry troubles … Whole states are at risk of closure, November payroll growth was anemic and solvency risk is bubbling back up. (Updated on December 15, 2020) Buy or Hold candidate since 2020-12-02 Gain 4.79% PDF . We credit this unique value proposition for delivering excellent returns to shareholders year after year, and we plan to stick … The pandemic forced global shutdowns of businesses and airlines at an unprecedented level. The Enbridge Inc stock price gained 1.08% on the last trading day (Tuesday, 15th Dec 2020), rising from $33.35 to $33.71.During the day the stock fluctuated 1.73% from a day low … The average Enbridge Inc stock price for the last … The Enbridge Inc 52-week high stock price is 43.15, which is 29.4% above the current share price. It is a company that is loyal to shareholders and dedicated to generating consistent profit. The Enbridge Inc 52-week low stock price is 22.57, which is 32.3% below the current share price. The stock closed Friday at $50.98 on the Toronto Stock Exchange. Enbridge would sell its stake in those businesses in 2008 and 2009, respectively, but Enbridge International Inc. still actively explores new investment opportunities outside Canada and the U.S. On Oct. 30, 2001, Enbridge’s shares were first listed on the New York Stock Exchange under the trading symbol ENB. ET on Baystreet.ca Why Enbridge Is One Of My Top Dividend Picks Today Red-Hot Stock Rally Powered by Companies With Shaky Finances. Laurentian Bank Securities’ 2020 preferred stock picks returned 13.5 per cent so far this year, outperforming the TSX Composite and Small Cap indices by 7.1 per cent and 4.2 per cent, respectively. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The all-time high Enbridge Inc stock closing price was 54.37 on April 27, 2015. While the broad market has recovered much of its losses, Enbridge (NYSE:ENB) remains in the doldrums. "Enbridge is an energy generation, distribution, and transportation company in the U.S. and Canada. Pattie Lovett-Reid: Low rates hit seniors and savers the hardest CERB recipients should be prepared to pay income tax on payments, experts say Pattie Lovett-Reid: 3 tips to consider when you’re feeling financially stuck Basically, Enbridge got this metric under control at just the right time. Why is Enbridge’s stock price so low? For example, in 2014, when oil prices cratered by 50%, Enbridge’s profits rose. Why is Enbridge down so This is why attention to a portfolio is so important. Stock and Dividend Information. Enbridge is trading 37% below its historical fair value and even modest 4% to 7% long-term cash flow growth (management guidance is 5% to 7%) could deliver 15% to 20%. Why Enbridge Is The Best Dividend Option For Pipeline Investors Nov. 3, 2020 at 6:47 a.m. In fact, the Canadian midstream giant says that its leverage is now within management's targeted 4.5 to 5 times range. If you are interested in a great stock that will provide steady returns for the life of the investment, consider Enbridge. By way of comparison, the overall market is approaching a breakeven point for 2020, while Enbridge is still down over 20% year to date. The coronavirus is raging again. Enbridge stock has likely been pulled downward due to the energy bear market, but one look at its fundamentals shows you that the pessimism is unwarranted. Crude oil futures prices CL00, -0.23% fell 2.9% to a 13-month low on Monday, while natural gas futures NG00, -0.97% declined 1.3% toward the lowest close since March 2016. Let's see what makes Enbridge stock an attractive investment option at the moment. Since its February 20, 2020, peak, ENB remains down 26.56% (in USD). That brings up Kinder Morgan, which increased its dividend 5% in 2020. Stronger technical forecast for Enbridge Inc stock price after Tuesday trading. ... the last time Salesforce stock traded this low was on Aug. 25. One of the reasons why Enbridge’s yield is so high is because the stock has yet to recover fully from March lows. Note: Enbridge's dividend is paid in Canadian dollars, so the U.S. dollar value of the dividend fluctuates with exchange rates. Enbridge offers a unique value proposition that brings together a combination of transparent growth, a reliable, low-risk business model and significant dividend income. Let’s say Enbridge can maintain (not increase) its dividends for the next 10 years. Kinder Morgan, which increased its dividend 5 % in 2020 26.56 % ( in USD.! 32.3 % below the current share price transportation company in the doldrums the all-time high Enbridge Inc closing! Management 's targeted 4.5 to 5 times range since its February 20, 2020 ) Buy Hold. 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