I think SCR just hit the timing right to catch the massive amount of speculative cash that poured into the market last fall. It's probably still a good stock, but the valuation just caught a tiger by the tail and has been getting mauled since it decided to turn around. I've been watching them for ages and never pulled the trigger for just this reason, telling myself I wouldn't unless they dipped below $2 again ($20 now). I don't think this was ever about the company's fundamentals.
Speaking of fundamentals, should I be selling all my Enbridge stock tomorrow? It's been on a steady rise for months, but this Line 5 business looks bad and I'm not convinced it's priced in already.
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