Recent Purchase

23 Responses

  1. John R says:

    Happy Victoria Day weekend to you also.

    Congrats on your ENB purchase. Did you buy this for ‘just the dividend’ or dividend + any upside?

    What are you expecting from ENB in terms of total ROI over the next couple years

    Have you ever considered selling an ‘option contract’, say a covered call ‘out of the money’ on your ENB?

    http://www.m-x.ca/nego_cotes_en.php?symbol=ENB*

    • hey John thanks. Definately for the dividend and more. This company seems like a powerhouse firing on all cylinders and diversifying into places I feel are the place to be. (renewables and natural gas)
      Like I have said I don’t know much about options and at the moment have so much going on. Will look into it sometime. I think options would be great to get into but before i try them i got to read a tonne about it.
      cheers

  2. John R says:

    Purely for interest only as an ‘out of the blue’ weekend read & research ‘split share corp’

    http://www.quadravest.com/bk-fund-features

    if not, why not?

  3. Chris says:

    Good purchase! I missed out on the dip, I’m waiting to see if it will dip again below 53$ to add to my exposure. There isn’t many stocks in this environment of uncertainty who will pay a 4.6% yield with projected Div growth of 10%. You can also count on them to maintain their dividend in the event of a market crash, thats gold. You should look into Altagas, I strongly believe they are replicating ENB growth path

    • Hey Chris thanks.

      I have thought of adding to my position in altagas as well but don’t wanna be to heavy in energy. I think enbridge is definally a better buy. Doesn’t altagas have a way higher payout ratio tho?

  4. I am thinking of getting MSCI Canada ETF. Seems like Canadian economy is quite resilient. I can use it as a defensive stock. What do you think?
    dividendgeek recently posted…New homeMy Profile

    • Hey geek I’ll be honest I dont know much about etfs. And don’t even know that etf at all. Will look into it. Canada is pretty resilient but with the current housing situation things could change. I definally dunno if canada would be a defensive stock etf kinda country. Why not convert those us dollars to canadian and buy some canadian defensive stocks. Then your making almost 30% on the conversion.

      • It’s historical. I am quite averse to owning individual stocks. I prefer owning ETFs & mutual funds. When commodities pick up Canadian stock market will pop 🙂

        I have been thinking about converting to CAD$, have not done it yet.

  5. PCI –

    Solid purchase, solid yield and in an industry that is always going to be “fueled” haha, get it?

    -Lanny

  6. Leo T. Ly says:

    Enbridge is a great company. When the market tanked at the beginning of last year, I bought a couple hundred shares in the low 40s price range. That was a great opportunity. I wish I had bought more.

    This year I am hoping to increase my holding but I did not want to buy it for more that 50 per share. I sold three naked put options with a strike price of $50 and collected about $2 per share in premium. If Enbridge falls below $50 per share, I am more than happy to buy it.
    Leo T. Ly recently posted…26 Money Mistakes To AvoidMy Profile

    • Nice buys. Don’t you think now that enbridge owns spectra and is the biggest player in North America now, it’s worth over 50$? Yeah I started my postion early last yr and go em in the low 40s

  7. Sounds like a great pick up and perfect time to buy on the dip. Don’t worry about missing the ex-dividend date. I just did that myself recently. It’s more important to buy quality stocks at good value. Their dividends will kick eventually and you will reap them for the long term.
    Dividend Daze recently posted…11 Frugal Habits Of The Super RichMy Profile

  8. I love buying on the dip. Especially when it’s my favorite stocks 🙂 There has been a ton of pull back in the utility sector so I am watching closely to see what makes since for my portfolio!!! Still haven’t pulled the trigger but I’m getting closer.
    Mustard Seed Money recently posted…The Upside of MovingMy Profile

  9. Congrats on buying the dip and adding to one of your favorite positions. There isn’t much to dislike about this purchase!

    Bert

  10. WL says:

    Although the yield doesn’t sound too spectacular, you’re definitely in cheering mode because of the purchase! I’ve also experienced the trump-le, especially now the USD is drifting off again! Cheers.

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