ENB Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: The decline in implied volatility suggests reduced uncertainty. A favorable resolution of legal issues and continued dividend payouts could attract buyers, leading to stock appreciation.




Bearish Case: Legal uncertainties surrounding Line 5 remain critical risks. High volatility and ongoing market skepticism could suppress prices, particularly if macroeconomic conditions worsen.




Potential Outcomes:

1) Favorable Line 5 resolution (30% probability).

2) Increased demand for renewable investments (40% probability).

3) Continued operational disruptions due to legal challenges (50% probability).

4) Dividend cuts causing investor anxiety (35% probability).




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October 20, 2024


Enbridge Forecast

ENB        Enbridge











Correlated Assets

Assets that tend to move strongly with ENB



EVRG Forecast + Options Trading Strategies   EVRG  Evergy (0.91)


EIX Forecast + Options Trading Strategies   EIX  Edison International (0.89)


MTH Forecast + Options Trading Strategies   MTH  Meritage Homes (0.89)


SNY Forecast + Options Trading Strategies   SNY  Sanofi (0.89)


IAT Forecast + Options Trading Strategies   IAT  BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks (0.89)



Uncorrelated Assets

Assets with little price relationship to ENB



CNM Forecast + Options Trading Strategies   CNM  Core & Main (0.0)


SFIX Forecast + Options Trading Strategies   SFIX  Stitch Fix (-0.0)


AAOI Forecast + Options Trading Strategies   AAOI  Applied Optoelectronics (0.0)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (0.0)


NDSN Forecast + Options Trading Strategies   NDSN  Nordson (0.01)



Anticorrelated Assets

Assets that tend to move strongly against ENB



SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.73)


ETSY Forecast + Options Trading Strategies   ETSY  Etsy (-0.74)


GO Forecast + Options Trading Strategies   GO  Grocery Outlet (-0.76)


CVI Forecast + Options Trading Strategies   CVI  CVR Energy (-0.76)


MBI Forecast + Options Trading Strategies   MBI  MBIA (-0.76)









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