Thank you for you input. Certainly lot to think about. I have been very lucky with Hydro One for past 4 hours when I purchased it at IPO, pays a decent dividend. However, about 80% my portfolio on this one company. Its about time I diversify.Chance7652 wrote: ↑ Gas has a longer runway than oil as well.
I just see things as changing. Outside of the protest about tmx and the TC BC gas pipeline there is lots of pushback on the other North American Pipelines. I read an articles about California trying to phase out natural gas for heating homes. New York keeps holding up gas pipelines and now one of their utilities is not doing anymore natural gas hook ups for new construction. Michigan is fighting to close down line 5 before the replacement gets built and Line 3 is delayed by a couple years due to resistance from Minnesota.
All of ENB's assets have value. They maybe even have more value as its getting so hard to build anything. With their growth projects I think ENB is going to need to look at other things like their Ontario Utility and their Wind Power Assets (TC has Nuclear assets). I see it as a positive that ENB has about 50% of their revenue coming from outside from Canada. I'm long ENB and also KEY but don't want to own to much in the sector as I'm getting increasing pessimistic about Energy.
"“Your own Self-Realization is the greatest service you can render the world.”
― Ramana Maharshi.".
― Ramana Maharshi.".