Nice to see the following on ENB:
---Al Monaco, ENB CEO, bought more than $377,000 in March 2015 on the public market (not stock options).
---According to the Canada government website (SEDI) I checked yesterday, I did not see any significant selling by the following insiders in 2015, whom I consider to be the most important: Monaco, Maki, Jarvis, & Bird.
--Goldman Sachs' recommendation of ENB on May 18 also bodes well, in my belief.
All this an also the fact that increasing pressure on coal (whether or not wise public policy) has recently forced Patriot Coal into bankruptcy (earlier this week) and some other large North American coal companies are said to be shaky. This decreases some competition for natural gas and thus, at least mildly, seems to bode well for companies with gas and oil gathering and pipelines.
If you profit from ENB, please consider sharing some with charity. Thank you,
I am considering buying ENB, either in a normal taxable account or a 401(k). The general concept of a 15% Canadian withholding tax on dividends engenders questions, if anyone can help: --Does the tax apply if I hold the shares in a U.S. 401k account? --If so, is there a foreign tax credit at the time the 401k account is liquidated (i.e., a credit on the 401k beneficiary's U.S. tax return in the year of liquidation)? --Have shareholders in normal taxable accounts been finding that it is easy to claim a foreign tax credit? Thank you.