Taking another run at Enbridge Inc. (ENB) – I really feel this company’s stock price could double over the next year from these levels:
- Sold: 10 July 20, 2018 Puts
- Strike Price: $30.00
- *Premium Collected: $400.00
If I am forced to buy the 1000 shares, my entry price will be $29.60 per share – almost a 40% discount to Enbridge’s Morningstar Fair Value. Enbridge is currently paying a 6.23% dividend – and I still anticipate that this will grow over the next two years as more pipeline capacity comes online.
*Excludes transaction costs.
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