TSE:ERF

Enerplus Corp (ERF.TO)

26.78
-0.93 (3.36%)
as of Jun 3, 2024, 8:00:00 pm Market Open.
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Good balance sheet and one of the strongest oil/gas income trusts. One of the few trusts that will migrate more readily to the E & P structure post 2011. Missed production numbers and to recover will take a lot of work. Integration risk with Focus Energy (FET.UN-T).
BUY
Merging with Focus Energy (FET.UN-T), which is great for them. Hadn't quite hit their production targets in the last couple of quarters but the new deal gives them good assets.
BUY
Announced a merger with Focus Energy (FET.UN-T), which would be a good for both companies. Focus is a gassy trust and Enerplus is oilier.
BUY
Good quality name. Diverse asset base. Have a lot of options with their oil sands leases and their US gas play. Have been a little challenged in the last couple of quarters having missed slightly. Longer term it is a very decent holding. Prefers Bonavista (BNP.UN-T) or Arc Energy (AET.UN-T).
SELL
(Market Call Minute) A gassy trust, which is the kind of thing he avoids.
HOLD
A very solid trust and well managed. Has been buffeted low gas prices, strong Cdn$, et cetera. Good distribution at the 11% range.
BUY
Could spin out their Montana assets into a US based MLP, which could be very accretive to them. Equal to 11,000 barrels a day in production.
BUY
A bit more gassy (58%?) than oil. Very close to a 52-week low. A very good long-duration asset base. Distribution is reasonably well covered.
HOLD
She has been reducing her holdings over the last few quarters because of better values elsewhere.
BUY
Very strong management team, and strong tech focus. Some oil sands exposures. Cheap for all the things they have. Are very well positioned.
TOP PICK
Larger granddaddies of the trust market. Has properties in the US, is spending a lot more of it's capital on it's sleeping giant field (light oil), has shallow gas, that can be brought on stream if prices go up, has oil sand properties, a lot of diversity. Doesn't think the oil sands properties are baked into the price. (another $4 or $5) Get paid a 10+ yield just to hold it. Paid 51.40
HOLD
Very stable, well-managed company. Very well positioned for transformation back to a corporation. Have significant resource potential. Has exposure to the US.
BUY
One of his favourites in the oil/gas trust sector. Well managed. Can't remember them ever having to decrease the distributions.
PAST TOP PICK
(A Top Pick Jan 13/06. Down 12.7%.) This one should always be on the radar for investors looking to consolidate their position in royalty trusts. As fantastic, long-term, stable assets.
BUY
Looks pretty cheap compared to conventional oil/gas companies. One of the more conservative in growing by acquisition. 10% yield.
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