06:10:31 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-06-03 C$ 53.13
Market Cap C$ 49,363,772,255
Recent Sedar Documents

Globe/wire say Pashootan keen on Keyera, Enbridge

2016-06-06 05:50 ET - In the News

See In the News (C-KEY) Keyera Corp

The Globe and Mail reports in its Saturday edition that Canadian stocks have surged back into a bull market. A Bloomberg dispatch to The Globe reports that the S&P/TSX composite index rose 0.6 per cent to 14,226.78 Friday, capping a 20-per-cent rally from a bear-market low of 11,843.11 on Jan. 20. The Canadian equity benchmark has surged 9.4 per cent in 2016, the second-most among developed markets. The index plunged 11 per cent last year. Stephenson & Co. chief executive officer John Stephenson says the S&P/TSX's rapid rally through the first half of 2016 does not leave much room to grow. He says, "It's looking pretty front-loaded." First Avenue manager Kash Pashootan is more optimistic and is on the hunt for energy names to add to his existing holdings including Enbridge and Keyera. His weighting in commodities has doubled to about 8 per cent of his portfolio from 4 per cent in 2014. He says: "We have conviction in energy so we've started to add. There's been a shift from our pessimism of even three months ago to now. Given we're off the bottom, now is the time you want to start building your positions for where things will be two, three, four or five years from now."

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