EEQ is having an equity offering today at a price of around $27.00. Yield around 7.5%, paid in additional units, not cash. Great for IRAs, and a good entry point for someone new to the company.
Enbridge is a leader in the safe and reliable delivery of energy in North America.
We transport energy, operating the world’s longest, most sophisticated crude oil and liquids transportation system. We have a significant and growing presence in the natural gas transmission and midstream businesses, onshore in Texas and Oklahoma and offshore in the Gulf of Mexico.
We generate energy, expanding our interests in renewable and green energy technologies including wind and solar energy, geothermal and hybrid fuel cells.
We distribute energy, owning and operating Canada’s largest natural gas distribution company, which provides distribution services in Ontario, Quebec, New Brunswick, Vermont and New York State.
The company employs approximately 6,900 people, primarily in Canada and the United States and has been recognized as one of the Global 100 Most Sustainable Corporations in the world. Enbridge manages several investment options that trade on the New York and/or Toronto stock exchanges, including Enbridge Inc. (ENB), Enbridge Energy Partners, L.P. (EEP), Enbridge Energy Management, L.L.C. (EEQ) and Enbridge Income Fund (ENF). Enbridge Inc., headquartered in Calgary, Alberta, has approximately 23 percent overall ownership in Enbridge Energy Partners, L.P., which is headquartered in Houston.
It might be helpful for you to look at a chart (like for the Petrobakken also that you said you bought recently) since this is another good example of what looks like a sideways moving price that appears to be a bit range-bound roughly between $26 & $31 for about TWO YEARS....
So, thank you for proving this general statement as being of little value when you look at the detail:
"I do not follow midstream/pipelines as a considered place where i would find any interest beyond research."
That's unfortunate because they have been the best investment class in the entire market over the last 15-20 years (at least the MLP format ones). Midstream/pipeline MLPs have FAR outperformed E&Ps