ENB as of Nov 3 · 03:42 ET

ENBNYSEPipe Lines (No Natural Gas)

Enbridge Inc · Brief

Next report

3 days

Nov 6 · before openconfirmedQ3 FY26

Earnings

Expected move

Inputs

±3.2%implied · report alone

47.6250.78

straddle ±4.3%

spot 49.20exp Nov 20ATM strike 50ATM straddle 2.50IV 27%

Nov 2 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

—≥ implied

Nov 1 '24—▲+0.05%—

Feb 14 '25—▼−3.83%—

May 9 '25—▲+0.70%—

Aug 1 '25—▲+2.01%—

Nov 7 '25—▲+1.77%—

Feb 13 '26—▲+3.94%—

Q1 FY26—▼−0.74%—

Q2 FY26—▼−1.75%—

quarterimplied−5%0+5%realized×

Q2 FY26—▼−1.75%—

Q1 FY26—▼−0.74%—

Feb '26—▲+3.94%—

Nov '25—▲+1.77%—

Aug '25—▲+2.01%—

May '25—▲+0.70%—

2 older reports

Feb '25—▼−3.83%—

Nov '24—▲+0.05%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 6 report · confirmed

Bull2

11disclosed supplier and customer ties in SEC filingsSEC filings

1,522managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear2 of 3

51managers holding the vast majority of reported value13F · Jun 30 '26

11 of 24largest reporting managers that cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Oct 7 '26once per report · top 2 per case

Linked exposure

ENB report session

Customers 2

BPbp×0.52 DUKDuke Energy's Roxboro power plant×0.43

× = co-movement · max 501dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 23impliedImplied move: ±4.5% into Nov 6 earnings (Oct 23 close).Source

Oct 5report dateEarnings date confirmed: Nov 6, before open.Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.