Thread regarding Enbridge Inc. layoffs

THE NEXT DIVIDED PAYMENT: How is this going to be funded??

Is there any good news coming out about Enbridge? Politicians in US shutting down functioning pipelines and delaying projects. Overall demand for oil is questionable for the near future, we freight oil, no product to move no revenue. FYI - Take-or-Pay contacts usually do not end well for the "you owe me money" side.

IT's ERP will continue to bleed cash ( even though it can be capitalized and not seen as an immediate Expense on the bottom line ), it will continue to bleed even after an announced "SUCESS AT LAST", then oh yeah it does need a few more fixes.

Where is the money going to come from? Dedicated employees could donate blood and let the company sell it on the open market. I checked and it goes for $150 - $300 USD!

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| 1971 views | | 4 replies (last July 30, 2020) | Reply
Post ID: @OP+15PdGRMY

4 replies (most recent on top)

Guess what were getting a dividend, thank god you folks are not in charge.

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Post ID: @nwmi+15PdGRMY

No way the dividend can continue. It has been funded through cost cutting and there is a fast approaching limit if we aren’t already there. Our peer companies have cut their dividend, we will do the same. Sell ENB shares because then it nowhere to go but down, even further it is now.

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Post ID: @1wdp+15PdGRMY

Cuts are inevitable. Those 300 declined VWO colleagues might get what they want after all.

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Post ID: @1emh+15PdGRMY

One of the factors that made the VWO so attractive...

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Post ID: @ssk+15PdGRMY

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