Q: I am looking to buy Enbridge and see that it is currently close to the top of the 52-week trading range. The range is $52 to $66. Today's price is $65. The 5-year graph and 10-year graph show the price all over the map, with the price now close to the all-time high.
I am buying for both income and capital appreciation. What would a good entry price be? Thank you.
I am buying for both income and capital appreciation. What would a good entry price be? Thank you.
5i Research Answer:
ENB has done well, and offers a solid secure dividend. We would remain quite comfortable buying it in the low $64 range.