ADDED 2ND HALF POSITION IN ENBRIDGE AT $50.37 (ENB-T)

Enbridge Inc. is an energy transportation and distribution company. The Company operates pipelines, processes energy and provides energy related services.

JUSTIFICATION When we initiated a half position in ENB in May at $53.35, we said we would add another half position if the valuation became more attractive. With this purchase of a half position at $50.37, we now have a full position (5%) in Enbridge at an average cost of $51.86. We believe Enbridge has come off because the price of oil has been falling and Investors are selling for the summer slowdown. Again, we stress that Enbridge has long term contracts that give the company a high degree of visibility on future earnings. The Purple Chips 12 – 18 month target is $62.00.