Is It Time To Reassess Enbridge (TSX:ENB) After The Recent Share Price Pullback
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If you are asking whether Enbridge is a bargain or just fairly priced at around C$63.15, this article will walk you through what the current numbers actually suggest.
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The stock price has seen a 4.0% decline over the last 7 days and a 5.2% decline over the last 30 days, even though returns sit at 6.7% over 1 year, 40.0% over 3 years and 104.3% over 5 years.
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Recent attention around Enbridge has focused on its long term share performance and how that compares to shorter term pullbacks. This has raised questions about whether expectations have run ahead of current pricing or not. At the same time, investors have been weighing sector wide sentiment in energy infrastructure, which can influence how much risk they feel is priced into…
