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

PAST TOP PICK

(A Top Pick Oct 23/18, Down 38%) ERF is really a US oil producer, but the whole oil sector has come under fire. He sold ERF and a lot of his oil shares, down to a 4% weight.

TOP PICK

A big holding for him. They could buyback 5% of their stock, and he's advocating for buybacks in Canadian oil. Sits at only 0.6x debt-to-cash flow despite having a 10-year inventory in the Bakkan. Have very valuable free cash flow assets. (Analysts’ price target is $15.86)

WAIT

He is close to buying this one, but feels there is an overhang concern that they may divest or invest in something big. He needs to wait to see what will happen first. Their current assets are good and the balance sheet is in good shape.

SELL

He's trading this, hoping it reaches $10. It's trying. If it doesn't in the next few days, sell it.

COMMENT

This has had a slow downtrend for the last 12 months. But seasonality kicks in during the summer for oil stocks, and the US dollar will help this dramatically if the USD breaks down. ERF pays a decent yield. Good management. The current price south of $10, we hit it in 2015, and faced resistance in 2016 with several touches in 2017. If it keeps falling, it will fall to $6-7. July should push this to $11, and it could move back to $16.

TOP PICK

For four years, during the energy bear market, this stock held its own. It just beat its earnings estimates today. Trades at 10 times earnings and 1.4 times book. A strong cash flow generator if oil prices hold. Yield 1.01% (Analysts’ price target is $17.36)

TOP PICK

They are managed extremely well. The Canadian content is actually a small percentage. It has lots of opportunity to grow. They have cleaned up the balance sheet. (Analysts’ price target is $17.36)

TOP PICK

Trades at an enterprise value to adjusted cash flow at 4.2x vs. peers at 6x, so ERF has been really beat up. Showing a nice uptrend in the past two years. Had a good, sustainable buyback program happening. Great cash flow. It's entering seasonality from late-April to August. (Analysts’ price target is $17.36)

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WAIT

Have to look at the oil price first. After last year's dip, some companies have been stagnant. They worked hard to fix their balance sheet, so they had a better recovery. Waiting for the next leg higher. Wouldn't buy now. Very well run. He wouldn't buy, simply because he doesn't buy energy stocks. (Analysts’ price target is $17.00)

PAST TOP PICK

(A Top Pick Oct 23/18, Down 13%) Derives 83% of its revenue from US plays, including shale. This will do very well, but all oil has been under pressure. He still likes the company.

COMMENT

A great energy company. Good managers with most of their oil in the Bakken, good. He owns enough oil elsewhere.

PAST TOP PICK

(A Top Pick Aug 22/17, Up 18%) One of the few energy stocks this year with positive returns. He exited, because it's price momentum fell off this fall, though not as badly as its peers. It still scores well in valuation. Good assets. A good stock, but in a tough sector.

WAIT

Likely she will purchase soon. They have some land in Colorado. They do not have a lot of Canadian assets and are somewhat insulated by the lower Canadian pricing. Should have tremendous free cash flow in the coming years. They have very little debt.

TOP PICK

They generate 80% of their revenues from their US operations. They are not affected by the Canadian oil price gap. A solid business. Very well run.

TOP PICK

They are raising their capital budget, which is always a good sign. (Analysts’ target: $21.77).

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Enerplus Corp (ERF.TO)