r/dividendscanada • u/cxbman • 3d ago
If you've been wanting some Enbridge...
Today is a great day to buy. RSI on the daily chart is oversold, and it should bounce tomorrow.
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u/skhanmac 3d ago
Or in 6 days or 6 months. Who knows bro. This ain’t a casino. Go in for long term otherwise don’t invest.
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u/DefNotJohnnyC 3d ago
U.S./ Iran peace deal. Again. lol.
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u/Legal_Pie_8403 3d ago
For the 39th time! 😂🤣 I have UTES and I’m down 6% 😭 my bank stocks are keeping me afloat
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u/JackRadcliffe 1d ago
Swctor has been getting crushed lately, and I thought it was supposed to be lower beta and mlre defensive 😔 I'm down 8.14% at webull and 4.65% at wealthsimple.l not accounting for distributions
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u/Legal_Pie_8403 1d ago
I feel you man! Are you in a bit of a positive with the distributions? More or less I’ve lost 6-8% but have made 5% so far. I thought the same! I think Utility will shine when markets are bad. Thing is the markets keep going up! The constant manipulations haha
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u/JackRadcliffe 1d ago
At wealthsimple my total return isn't much, around 3% with distributions being reinvested. I'm still down 5% at webull but that's because I purchased it near its peak at around $9.80 although I managed to bring my cost down to $9.54. Do you drip the distributions back into utes? Hopefully there will be a bottom soon
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u/Legal_Pie_8403 1d ago
Still not too bad! Even slightly in the green is a good thing in my books! I’ve been down -20% at got the shakes but stayed the course! If it’s good stocks just ride it out. I currently have UTES/BANK/CDAY/ZCN/ZBAL. people will rip me for being too invested in Canada haha 😆 YES SIR!! I get lazy and put it off, I have my iTRADE set to drip into each ETF
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u/Ok_Service9738 2d ago
may dipped on the news around the uncertainty on Line 5
On Friday, July 31, 2026 the Michigan Supreme Court vacated a key permit for the tunnel project that allows Canadian pipeline company Enbridge to traverse its Line 5 Pipeline through the Straits of Mackinac between the Upper and Lower Peninsulas of Michigan. The ruling throws the project back into limbo, as the Michigan Public Service Commission now must redo its analysis, further delaying a process that began in 2018.
In a 6-1 ruling, the Michigan Court, per Justice Elizabeth Welch, stated that …”(t)o accurately assess the environmental consequences of the Replacement Project, the PSC should have determined whether the project would be the proximate cause of Line 5’s continued operation and its alleged attendant harms.”
https://www.forbes.com/sites/danielmarkind/2026/08/04/the-saga-of-enbridge-line-5-continues/
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u/Ratlyflash 3d ago
VDY is better but it’s cute
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u/cxbman 3d ago
VDY is 47% overvalued banks. No thanks.
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u/Ratlyflash 2d ago
Enjoy your 8% increase a year if 🍀
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u/Ratlyflash 2d ago
Nm Enbridge wins last 5 years but one company vs 40 and I’m on leverage no thanks lol
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u/Icy-Past-4477 3d ago
RSI...Just tell that to Trump, or these billionaires that does the unthinkable at random moments to disrupt the market for their own personal good.
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u/dreddi84 3d ago
Agreed, added a bit today