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3 penny stocks to buy on every dip - $ARC, $ENIC and $EVC
The 7 most compelling penny stocks to watch right now
$ENIC Another HUGE upside surprise. Earnings best estimates by a lot. Also making fresh 52 weeks highs.
ENIC - 39% Short Interest + Boom with the reopening of Chile
ENIC- Green Play + Inflation Play + Reopening Trade
The world's largest lithium producer, Sociedad Química y Minera (SQM), is down nearly 10% after Chilean constitutional elections
Mentions
I keep missing the $STAK dips from being scared, but it looks pretty locked down here... It's not even "bagholding" if you get stuck as it's a legitimate, profitable company. It just doesn't fit with my portfolio's strategy right now so that's why I'm hesitant... 200-day SMA is $1.31 (according to Schwab) so around there could be a solid entry. I'm hoping to load $ENIC & $ABEV today 🤙
Of course, first priority is continuing to watch the memes for quick profit opportunities. For more traditional plays, rolling with RKLB, CIFR, ENIC (holding for end of month dividend), TARA, and ABIO.
ENIC; Just paid a 10+% dividend, the weather patterns in Chile have shifted to El Nino ( meaning more rain = more free electricity for hydro power ); going to 10 $ within 20 months in my opinion. Get those semi-annual dividends and quadruple your cash.
I've been up on ENIC a while; it's starting to break out...if you're interested...
PCG is my long shot utilities play due to its high beta. If rotation into the sector continues, a rising tide should imo lift all boats, laggards and high betas especially so. They have some substantial debt, which isn't ideal. But I also feel they've still been trading at a big discount due to their nightmarish 2019/2020 with the wildfires and pipeline explosion in SF (which was caused by irresponsible 3rd party construction in the area and not by PCG infra). Part of my comfort holding these calls is knowing the fund for those impacted by the fires has sold a good chunk of PCG shares awarded to them already, at a basis below the breakeven point for making victims "whole." I like the odds of that downward pressure easing up short term. It's definitely a risky play as far as utility companies go. But if it's going to pop, its best chance is during heavy rotation into the recession trade. I liked what I saw in the past few weeks on that front, so I pulled the trigger positioning in it early, with more heavy positioning in more secure companies as the spring goes on. ENIC is a value play, but I also like the exposure to Chile as they are the leader there. If I think the US is heading for recession in 1-2 years, you can guess my thoughts on Chile's economy lol.
What made you choose your two utility plays? I see ENIC looks like it's trading well below book value with dividend recently resumed. So that seems like a pretty clear-cut value stock What about PCG though?
So you bought in this morning? At no point has ENIC been 1.75 before this last couple weeks. Either big bagholder or P&D account, judging by the way you converse, you're a ENIC P&D account to remove whatever company/fund wanted to get rid of their bags 165 days ago when you tried to "SqUeEzE" it like every fuckin stupid scam has done since jan 21'
ENIC pump and dump account says what?
IBKR says that ENIC is one of the top ten shorted stocks. Why is now a good time to buy?
ENIC, or Enel Chile generates electricity.
Thanks! I have heard of a Chinese plan to build solar in Chile for use in China. Would ENIC be involved?
ENIC Last year was rough for them, Presidential drama, and their in a drought ( worst one in 30 years ) AND most of their plants are hydro electric. So they had to go to thermal generation ( fuel costs ). This year will be better; drought will ease up, hopefully, but if it doesn't they've added solar capacity in the high deserts. Check it out. It's really a green energy company if you look into it.
Actually I'd propose two specific reasons ENIC continues to drop: \---- That I believe ENIC's services are reverse priced to commodity prices... which are very high atm. I would reference a seeking alpha link, but apparently those are banned. You can find one describing this issue from 2021. And the more serious reason: fear that Chile will begin nationalizing key businesses. Chile is reconsidering its previous constitution under a newly elected socialist government. El presidente Boric is pretty lefty, and he's stuffed with previous student activists, a communist, etc. I'm not clear if Boric could still nationalize business' without constitutional change, but certainly the constitutional issue weighs on investors minds, and that will ultimately come down to the people rejecting or affirming the new text in a vote. Whether Chile will still nationalize business' I'm not sure. In any case, these are significant uncertainties. I believe by end of 2022, the constitution question and Boric's policies should be clear. At that point, if ENIC prices are favourable that's when I'm getting in. Government cabinet: https://www.aljazeera.com/news/2022/1/21/chile-president-elect-boric-unveils-women-majority-cabinet New Constitution: https://www.reuters.com/world/americas/how-chile-is-rewriting-its-pinochet-era-constitution-2021-05-14/ Currently 0 shares, but I check prices everyday. I hope this helps some in making their decisions! Good luck to all longs! :D
ENIC is #8 and it provides a necessary service for 20 million people ( Electricity in Chile ), it pays a dividend semi-annual and it's going for about 2 dollars per share.
Buying ENIC. Great dividend. Ex dividend date Jan 20. Expecting a good jump in price as volume has been low and it's oversold. Trading has now stabilized post Chilean election and is trending upwards.
Anyone, besides me, long on ENIC?
ENIC is undervalued, as is CTT
>Chile has 85 % population at least with 1 dose, and 77 % with 2 doses. As the country opens, more businesses, offices, and commercial properties will open- which requires energy, and ENIC is the only option in town for that. Are we ignoring how much energy everyone sitting in their houses all day uses?