ENB, XOM -- March 16, 2023

ENB: oh, before I get started --

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Now, back to where we were:

ENB:

• dropped 5% yesterday because folks were worried about a non-event, a global banking run;
• today ENB was up about 2% during normal duty hours and another 1% after hours
• currently pays 7.3%
• and, then, this, link here (note date of article, a few days old):

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Enbridge's earnings per share are down 5.1% per year, despite strong share price performance over five years.

Since the EPS are down strongly, it seems highly unlikely market participants are looking at EPS to value the company. Given that EPS is down, but the share price is up, it seems clear the market is focussed on other aspects of the business, at the moment.

In fact, the dividend has increased over time, which is a positive. Maybe dividend investors have helped support the share price.

You can see how earnings and revenue have changed over time at the linked article.

*******************
Meanwhile, Is Anyone Paying Attention?

Link here.

*******************
Meanwhile, Down In Houston

Link here.