The Calgary-based company said net income attributable to shareholders fell to C$445 million or 26 Canadian cents per share in the three months ended March 31, from C$638 million or 54 Canadian cents per share a year earlier.
That's a big loss in a single year.
Thanks for the obvious investment advice. You don't put all your eggs in any basket, let alone ENB shares. The bottom line is that the share price will continue to be punished as long as ENB has a huge debt load. The Spectra acquisition along with the massive debt they had has not been bemeficial either.
There are a lot of big companies that has good dividend policy that shareholders can invest. Besides, there are institutional shareholders that already dropped ENB from their portfolio. Oh wait, by shareholders you mean the managers up to executive management? Coz from what I know they hold lots of them coz that is part of their compensation. Also, it is not wise for any employee to hold 100% of their savings on ENB shares.
Uh, shareholders care about the debt. And how it's a drag on the share price. ENB is obligated to its shareholders above all else.
Who cares about the debt? Let the executive management worry and take care of that. Besides, they are there and get paid really well with all the perks to take care of that. After all, the ordinary workers wouldn’t matter and will just be a collateral damage if they need “adjustments” to the numbers. Why would anyone care so much where would this company is heading to when you are just a number, they don’t know you and you are not their family for them to think and care about. Take care of yourself and don’t expect that your hardwork, dedication and years of service is important to them beacuse most of the things they do are just lip service and they are just doing their job. This is still a good business, it just so happen that the culture is much worse than it used to be. If the company goes bankrupt so soon then we will not have anything to talk about here LOL.
Btw, enbridges total debt is currently 61 billion.
non essential they are the money makers for this company to get the capital to become the next enron
Well lets see, you take on 27 Billon in debt and sell US Midstream for 1.3, yes that will work that debt down, I am sure other assets will be sold to prop up share prices.
At least ENB appears to be trying to get a handle on its crushing debt load by selling non-essential assets.
The more ENB focuses on the essentials, the more the share price will rebound. It's not rocket science.
Fake news