Enbridge's 39.6% Volume Surge Elevates to 476th Market Rank as Regulatory Delays and Renewable Policy Pressures Offset Price Decline

On October 1, 2025, Enbridge (ENB) saw a trading volume of $0.26 billion, marking a 39.06% increase from the previous day. This placed the stock at rank 476 for trading activity in the broader market. Despite the surge in liquidity, ENB closed the session down 1.72%.

Recent developments suggest shifting investor sentiment toward Enbridge’s pipeline infrastructure projects. A regulatory update from Canadian authorities indicated potential delays in the approval timeline for the company’s Alberta pipeline expansion. While no immediate operational disruptions were flagged, analysts noted the news could impact long-term capital deployment schedules. The market reaction appeared to prioritize near-term execution risks over projected cash flow growth.

Environmental policy discussions in the U.S. Midwest also influenced ENB’s position. A state-level legislative proposal to incentivize renewable energy infrastructure was highlighted as a structural headwind for traditional pipeline operators. However, the absence of concrete funding mechanisms in the draft bill limited its immediate market impact. Investors remained focused on Enbridge’s dividend sustainability amid fluctuating commodity prices.

To set up and run this back-test robustly I need to pin down a few practical details: 1. Universe • Should I rank all listed U.S. stocks (NYSE + NASDAQ + AMEX) each day, or do you have a different market/universe in mind? 2. Execution timing & price • The usual workflow is: – At today’s close we rank by that day’s dollar volume. – We buy the 500 highest-volume names at tomorrow’s open and liquidate them at the same day’s close (1-day hold). • Does that match what you want, or would you like a different timing (e.g., buy and sell both at the close)? 3. Trading frictions • Do we assume zero commissions/slippage, or should we include a per-trade cost? Once I have these three items I can proceed to generate the signals and run the full back-test from 2022-01-01 through today.