Portfolio Sectors

 

There's never a dull moment with the stock market during a given week.

Enbridge (ENB-T), the Canadian pipeline giant surprised those who hold it's stock and others watching by buying 3 Natural Gas outfits in the US for $15 billion including debt this week. 4 Billion raised from a special stock offering that sold out in hours. 

First things comes to mind is the added debt and some sell with lingering doubts about if ENB can maintain it's attractive cash dividends to holders. Time will tell when the dust settles on all that news. 

The price of oil going up at this time is one plus for the pipelines and oil related.

Speaking of attractive ... Keyera Corp or KEY-T, has increased it's cash dividend with an ex-dividend and Pay date for this month of September, 2023 with earnings surprises so far this year.

I'm in a mindset of holding 2 to 3 companies in each sector for the portfolio to stay somewhat diversified. For example Telus or T-T and BCE-T in the telecom sector. The big banks are an exception.

Courtesy of time.com

The big banks of Canada I own in ETF/Fund holdings and keep adding to them separately such as adding more shares of CIBC, CM-T with an ex-dividend date in the last week of this month. 

Some good news I guess on the inflation front in Canada. The Bank of Canada has decided to hold interest rates at 5% ... for now. Looks ominous ... the "for now". Groceries continue to climb in cost adding to household expense and gas will go up with the oil price increase lately.