OXY-WT Jumped Nearly 25% Yesterday; Down 2% In Pre-Hours Trading Today; Update On ENB --November 10, 2020

Note: by the way before we get started. "That Covid-19 vaccine" news story? I'm not buying it. Ninety percent effective? Okay.

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Enbridge: so, in all the noise this past week, how did ENB do? From SeekingAlpha:

Summary

• Enbridge yields a safe and secure 8.5% in an era of near-zero interest rates and a 0.78% 10-year U.S. Treasury.
• 3Q20 results announced Friday morning were solid. The mainline is back at full-capacity; repair work on Texas Eastern's eastern leg has been completed and is back in service before winter.
• DCF/share of $1.03 easily covered the $0.81 dividend by 1.27x. The $4.65/share midpoint of full-year DCF guidance covers the current annual $3.24/share dividend by 1.44x.
• Heading into winter season, ENB's underappreciated Union Gas utility - the largest gas utility in North America by volume - will shine.
• ENB have highly visible cash flow and is a STRONG BUY with a $40 price target.

Note: I haven't watched the market or the news in weeks (months?) but after a reader sent me the Dow news yesterday, I thought I would look. One word: wow. Up another 163 points in Dow Futures today.

ENB: up 5.5% yesterday; up another 2% in before-hours-trading now. What's not to like. LOL. And the really, really great news: if Biden is sworn in, new pipeline construction is dead:

• ENB CAPEX plummets --- great news for ENB traders;
• existing pipelines: artificial moat for investors;

Nikola: reports a 3Q20 net loss of $117.5 million. Nikola founder Trevor Milton subpoenaed by DOJ. Well, doesn't that just make your day?

Beyond Meat tanks after hours. Well, there goes another fad. Hey, guys -- one needs five things for a healthy immune system. Unless your diet is full of oysters, the "only" thing that provides zinc is ... North Dakota beef. Okay, just joking. All beef. Not just North Dakota beef.

AAPL: EU's anti-trust action against Amazon must be spooking AAPL investors. LOL. But here's what's really going on: it appears Warren Buffett sold about $4 billion of AAPL in 3Q20.

Tesla: EV sales more than double in China, but Tesla lags.

Plug: best quarter yet.

Boeing: 737 MAX approval "imminent." Apparently, according to social media, so is "the vaccine."

OXY: drops another 4% as 3Q20 earnings disappoint.

OXY-WT: jumped 25% yesterday; down all of 2% in before-hours trading.