Canadian stock alert

CANA

CLOSING UPDATE: Enbridge decreases further 0.1%, led Oil & gas - midstream sector lower 25 May 2018 18:21 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Enbridge, Canada's largest oil & gas - midstream company by market capitalisation, has decreased 0.4% to trade at CAD40.53 vs. the Oil & gas - midstream sector which weakened 5.0 points (or 0.3%) to 1,765.5. Representing a weighting of about 37.4% of the sector, the stock accounted for 55.7% of today's loss. Trading volume was 91% of average at the end of the day. Compared with the S&P/TSX 60 Index which fell 2.0 points (or 0.2%) in the day, this represented a relative price change of -0.2%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low twelve times, pointing to a significant downtrend.

+ The price dropped 2.2% in the last week.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Return on Capital Employed 2.1% [5.5%]

Other Bearish Signals include:

+ Net profit margin has averaged 4.5% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Note

Bullish Signals:

The positive 0.41 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

Tobin's Q Ratio is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

The Brand Value represents 3.8% of the estimated Enterprise Value of CAD141.9 billion (US$109.9 billion).

As per the Du Pont analysis, Return on Equity of 10.5% is better than sector average of 5.3%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Return on Equity 10.5% [5.3%]

TODAY'S ALERT

Afternoon Alert: Enbridge decreases 0.3%, leads Oil & gas - midstream sector lower

25 May 2018 14:43 EDT

Enbridge Inc. (TSX:ENB) has decreased 0.3% to trade at CAD40.57 vs. the Oil & gas - midstream sector which weakened 4.7 points (or 0.3%) to 1,765.7. Representing a weighting of about 37.4% of the sector, the stock accounted for 45.9% of today's loss. Trading volume was 89% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Enbridge decreases 0.2%

24 May 2018 18:26 EDT

Enbridge, Canada's largest oil & gas - midstream company by market capitalisation, traded on volume of 1.0 times average today while the price decreased 7.0c (or 0.2%) to trade at CAD40.70. Compared with the S&P/TSX 60 Index which fell 1.6 points (or 0.2%) in the day, this represented a relative price change of -0.01%.

Afternoon Alert: Enbridge inches higher, resistance at 12-day EMA

24 May 2018 12:16 EDT

Enbridge Inc. (TSX:ENB) has increased 0.1% but fell short of the 12-day Exponential Moving Average [EMA] of CAD41.01.

Enbridge Inc. (T:ENB; TSE:ENB; N:ENB; CN:ENB)

ISIN: CA29250N1050

PermID: 4295860623

CIK: Enbridge Inc.

Source: www.BuySellSignals.com