For those who are not reading financial statements, I will leave these numbers especially to those who holds a lot of enb stocks.
Market cap as of late $73b
Total debt $66b as of June
Cash $494m
Interest rates - rising
How are we able to declare dividends and service the debt at the same time?
Debt went up and wages for executive on Average increased 47% in 2017 from year previous.
Great reward for WTF performance!!
Releasing more shares is like playing with Monopoly money. The CEO and EVPs really don't have a clue that they are in debt up to their eyeballs and more shares are not the answer. If you look at their credit rating they would not be able to get a Sears credit card. The stock is undervalued and likely to remain so for a long time.
Don't forget ENB added 1 Billion shares to the float, diluting the company badly.
Yeah right, you do realize that every company will go under first before the government does because it will still collect taxes no matter what. If your pension or savings is heavily tied to enb stocks you better think long and hard before keeping them the same. The government is now hiring more but enb is still doing reorgs and layoffs (like a person who can’t make up his/her mind on what to do). In reality the layoffs are not gonna end because 2 big companies cannot simply maintain all the workforce that had combined. For those who still thinks the merger, just search for how much the executives make as they are the only winners in this game called money game.
Just following the government financial model