Enerplus Corp (ERF.TO) Buy, Sell or Hold

Enerplus Corp (ERF.TO)

26.78

-0.93 (3.36%)

as of Jun 3, 2024, 8:00:00 pm Market Open.

362 watching

WAIT

It will do better as we move into 2012. Put some money in today to work for tomorrow. It will ultimately go higher. He suggests waiting for a bit.

COMMENT

Have done a good job over many years. 4th quarter results were nothing special. Chart looks like it is breaking down a little and if you are a holder you should be cautious. If you see a big break down, consider taking some off the table. Dividend should be fine.

DON'T BUY

One of the slower Income trusts. Don’t have the same kind of cash flow and have older assets. Should be OK to cover their payouts.

PAST TOP PICK

(A Top Pick March 31/10. Up 41.46%.) A former income trust. About 50-50 oil and gas. Trimmed about a quarter of his position but still really likes it.

COMMENT

What happens after tax pools run out and can they maintain yield. A lot of these stocks are trading very nicely because people are after yield. Is this a yield-driven market? The low guys increase dividends more.

COMMENT

Converting to a Corp but also changing the business by selling longer life oil sands play and redeploying capital into the Marcellus. Has given him some concern. Will continue to pay out a high level of income

BUY

Has had a nice pick up. A high quality trust. Good solid performer.

HOLD

Not been a favourite of his for some time but they have new management now and multiples look relatively cheap. Good properties and have been making some good moves. 9% yield.

WAIT

Good assets. When they convert, the challenge is having the assets to sustain growth and dividends. They have the assets but have not been able to put it all together to get the momentum. Likes it long term.

HOLD

Once they convert, like any other trust, they have to convert to a payout model to a growth model. This is a transition they have been making for the last couple of years.

TOP PICK

When it converts to a corporation it will be a hybrid with very decent dividends. He can see 5%-6% dividend over the next 3-5 years and grow their operations at about the same amount assuming $75-$85 oil prices.

COMMENT

Gas weighted. Payout ratio is under 50% so distribution should be safe. Will probably convert at the end of this year. Doesn't see a lot of growth until at least 2012 because reserves had been written down and will also be disposing of some assets. Their growth engine is the Marcellus shale in Pennsylvania. You could hold for yield.

TOP PICK

This is a play for yield on the commodity side. Into Marcellus shale, which is a good thing as well as Kirby and the Bakken. Payout ratio of about 80%. Have a lot of loss carry forwards. 9% yield.

HOLD

One of the better trusts. It’s hard to see what would be a catalyst for the next leg up.

DON'T BUY

Significant amount of it's earning from Natural Gas. He's been a bear on Gas in the past (still is). Not his favorite, but management is good. Shale gas coming from south of the border is a problem, and will keep it under 6 dollars.

Showing 166 to 180 of 312 entries

Most Recent Experts

Jim Cramer - Mad Money

CNBC

Kim Bolton

Black Swan Dexteritas

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Barry Schwartz

Baskin Wealth Management

Larry Berman CFA, CMT, CTA

ETF Capital Management Inc.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Enerplus Corp (ERF.TO)