Mashing two companies together isn't merger "success". What happened to ensuring a good culture. The integration originally wasn't just about cutting people and costs. We were supposed to focus on org structure - including no "senior" in titles, we took titles away from layers and layers, but now promoted people to "senior" VP??? AND what happened to RAPIDS?? RAPIDs were to help with good and fast decisons which clearly isn't happening. Why isn't the Board wondering about any of this? Why aren't investors asking about any of this? Why aren't our execs being held to what they told the whole company would be merger success??
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Stock Dilution to acquire Spectra + High Debt + Rise in Interest Rates = Stock in the toilet.
The shareholders are holding them to account by the 25% drop in share price since the merger. I wouldn't expect the sentiment to change any time soon unless ENB gets a handle on its debt. That means more staff cuts and asset sales coming.