ENB, Enbridge

enb oct 2011

We were premature in assuming this might be a sell at about $60 (pre-split). It just kept going. Its ascend is quite remarkable staying inside a very narrow channel for 3 years. (see previous blog) This is a stock that attracts momentum players and of course it is considered a “safe” , regulated business. Momentum plays go on un till they stop. This climb started in ‘92 from $5, that is 10 years of non-stop going up. I think it has come to an end.