Q: I sold TRP for tax loss selling and used ENB for proxy as you recommended.
I am seeing that TRP is rising much faster than ENB.
Is there any reason for this disproportional rise of TRP vs ENB .
Thank you
I am seeing that TRP is rising much faster than ENB.
Is there any reason for this disproportional rise of TRP vs ENB .
Thank you
5i Research Answer:
TRP is up 10.9% vs 5.3% for ENB over three months while TRP is down 3.9% over six months vs ENB down 1.9%. Over a short period, we would not read too much into the divergence. TRP did increase its guidance for 2024 at the end of November which might be another factor relating to the increase.