Enerplus Corp

ERF-T

TSE:ERF

7.17
0.13 (1.78%)
Enerplus Corporation is one of Canada’s largest independent oil and gas producers. Enerplus Corp., was established in 1986 and holds oil and natural gas property interest in the United States and in ...
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Analysis and Opinions about ERF-T

Signal
Opinion
Expert
HOLD
HOLD
November 15, 2019
A large holding for him and he is concerned about upcoming earnings. He sees it trading at 8-12% free cash flow next year based on his oil price outlook. They are doing share buybacks. They have 10 years of inventory in the US Bakken and you are only paying about half of historical valuation. He thinks this will be a company that reacts strongly when investors return to the space.
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Enerplus Corp (ERF-T)
November 15, 2019
A large holding for him and he is concerned about upcoming earnings. He sees it trading at 8-12% free cash flow next year based on his oil price outlook. They are doing share buybacks. They have 10 years of inventory in the US Bakken and you are only paying about half of historical valuation. He thinks this will be a company that reacts strongly when investors return to the space.
PAST TOP PICK
PAST TOP PICK
October 18, 2019

(A Top Pick May 06/19, Down 29%) He was looking for a seasonal trade in the summer. It is still making higher lows and has a good yield. If you don't own energies, this is a good one.

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Enerplus Corp (ERF-T)
October 18, 2019

(A Top Pick May 06/19, Down 29%) He was looking for a seasonal trade in the summer. It is still making higher lows and has a good yield. If you don't own energies, this is a good one.

TOP PICK
TOP PICK
October 11, 2019
A miss-priced US Bakken oil producer trading at just over 3 times cash flow and a pristine balance sheet. They have been buying back stock and increasing production with the free cash flow being generated. He would prefer to see them buy back more shares next year. Yield 1.36% (Analysts’ price target is $14.88)
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Enerplus Corp (ERF-T)
October 11, 2019
A miss-priced US Bakken oil producer trading at just over 3 times cash flow and a pristine balance sheet. They have been buying back stock and increasing production with the free cash flow being generated. He would prefer to see them buy back more shares next year. Yield 1.36% (Analysts’ price target is $14.88)
BUY
BUY
August 30, 2019
Very well-run with a pristine balance sheet. They're buying back more shares than any other. But they're trading at only 2.5x next year's cash flow! Their debt + market cap is less than the value of their production stream (including a 10 year inventory in the Bakken). Excellent debt level. They should buyback shares with their 15% free cash yield. Deep value. A big holding of his.
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Enerplus Corp (ERF-T)
August 30, 2019
Very well-run with a pristine balance sheet. They're buying back more shares than any other. But they're trading at only 2.5x next year's cash flow! Their debt + market cap is less than the value of their production stream (including a 10 year inventory in the Bakken). Excellent debt level. They should buyback shares with their 15% free cash yield. Deep value. A big holding of his.
PAST TOP PICK
PAST TOP PICK
August 27, 2019
(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.
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Enerplus Corp (ERF-T)
August 27, 2019
(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
TOP PICK
July 19, 2019
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)
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Enerplus Corp (ERF-T)
July 19, 2019
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
WAIT
July 17, 2019
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.
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Enerplus Corp (ERF-T)
July 17, 2019
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
SELL
July 16, 2019
He's trading this, hoping it reaches $10. It's trying. If it doesn't in the next few days, sell it.
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Enerplus Corp (ERF-T)
July 16, 2019
He's trading this, hoping it reaches $10. It's trying. If it doesn't in the next few days, sell it.
COMMENT
COMMENT
June 7, 2019

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.

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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
TOP PICK
May 10, 2019
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)
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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
TOP PICK
May 6, 2019
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)
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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
TOP PICK
May 6, 2019
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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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)
WAIT
WAIT
April 2, 2019
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)
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Enerplus Corp (ERF-T)
April 2, 2019
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
PAST TOP PICK
March 6, 2019
(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.
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Enerplus Corp (ERF-T)
March 6, 2019
(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
COMMENT
December 18, 2018
A great energy company. Good managers with most of their oil in the Bakken, good. He owns enough oil elsewhere.
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Enerplus Corp (ERF-T)
December 18, 2018
A great energy company. Good managers with most of their oil in the Bakken, good. He owns enough oil elsewhere.
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