donaitelo

ENLC: High risk - High reward

Long
NYSE:ENLC   ENLINK MIDSTREAM LLC
Enlink has made it through the last crisis, it has been around for around 16 years and it doesn't have much history, but right now we are at historical level, that we have bounced back strong from in the past. I would say the price depends a lot on the oil prices, if we see a bottom soon in oil , we could see a big jump in Enlink, but the other scenario is that we go to 0. Still it has a lot of room to the upside if it manages to survive through all of world problems that are happening right now.
Trade active: With the current divident of $0.094 , Enlink is most likely going to hit 2$ and probably even more in the following days. The ex-divident date is 04/30/2020, so we will see a lot of profit-taking, but in the long-run, with such a high divident, we will easily see 5$! All we need now is the oil to hit it's bottom, which I think we either have hit already, or we will in the following days.

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