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Enbridge Class A Preference increases on average volume February 03, 2017 17:00 EST

Feb 03, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Enbridge Inc. (TSX:ENB.PR.A), Canada's 43rd largest Oil & gas - midstream company by market cap, has increased 6.0c (0.2%) from its last trading session of February 02 to close at CAD25.61. Compared with the S&P/TSX 60 Index which rose 4.9 points (0.5%) in the day, the relative price change was -0.3%. The volume of 3,351 preference shares was close to average trading.

SECTION 1

ENBRIDGE CLASS A PREFERENCE BULLISH SIGNALS

1.1 Fundamentals:

+ The relative yield of the preference stock, defined by its yield of 5.3%, divided by average yield of dividend yielding stocks in the S&P/TSX 60 Index of 3.0% is 176.8%. This suggests the preference stock is undervalued in dividend yield term...