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

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Enerplus Corp (ERF.TO)

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26.78

-0.93 (3.36%)

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

362 watching

DON'T BUY

Thinks there's a problem with energy trusts as they are depleting their assets. He doesn't like them, nor does he own any.

BUY

One of the largest and is the oldest income trust. Very diversified asset base. Have been quite active in their acquisitions. Has been an outperformer compared to its peers. An interlisted trust meaning it trades on the US exchange and has a lot of US investors. Governement action could severly affect foreign investors in trusts.

BUY

A high quality trust. This and ARC Energy (AET.UN-T) are the blue chip trusts in the market place. Sensitive to the prices of oil and gas. If you feel that oil/gas prices are going to be stronger, than this is a core holding.

DON'T BUY

One of the good highly liquid companies. Feels it's fairly fully valued right now. Have an interesting tar sands project, but it's a long way down the road to cash flow.

TOP PICK

Reserve life of about 14 years. Good quality management. Owns 16% of the Johnson Creek project in the oil sands.

BUY

Increased their distributions by 13%. A phenominally well run company. Stock has fallen to level where it represents interesting value. Oil is still in a pull back mode and you may be able to get it a little bit cheaper. Excellent assets.

BUY

Has been really hammered in the last few days because of its New York connections where it is also listed. Good quality stock. Good payout. Expects they will increase their payouts.

TOP PICK

Likes the management. A good solid play in the oil/gas sector. The oil sands is the most attractive part of this market. This is the only one outside of Oil Sands (OST.UN-T) that has exposure. It has 16% interest in the Jollico Creek project with a great partner.

BUY

Has a fairly significant US holder base, so any downside would be amplified by the US holdings who do not have the patience. Strong management and good properties.

BUY

Just came out with a new issue. Thinks there were more than a few riders in that issue and as the pressure came on the oil stocks and oil/gas income trusts, a few of those people have been bailing. Not his most favourite income trust, but it is a very large and acceptable income trust.

BUY ON WEAKNESS

The largest oil & gas income trust out there. Has a good slate of properties. A good core holding. Has gotten expensive in the last little while, so might be a good time to take a little money of the table. He typically buys in the low $40's and sells in the high $40's.

HOLD

An extremely well managed company with a great asset base. Not cheap.

BUY

Long term positive on light/sweet oil such as this one, Crescent Point (CPG.UN-T) and Arc Energy (AET.UN-T).

BUY ON WEAKNESS

Has a very long reserve life. Asset base is distibuted over a wide variety of assets so risk is lower. Pretty good operating costs. The trouble with cross border trusts is that US buyers have gotten into them in a big way and bid up the price, so not cheap, but of all the cross border trusts, this is the only one they own.

DON'T BUY

A well run, old established energy trust. If oil prices drop, you should get out first.

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Enerplus Corp (ERF.TO)