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Enerplus Corp (ERF-T)
TSE:ERF
23.90
0.03
(0.13%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$23.900
Owned
Sold because he became very bearish on natural gas, bullish on oil. Lots of drilling and no real winter last year meant that storage was high. Still on his radar, but no price catalyst until this time next year. Minimizing growth and maximizing free cashflow, buybacks, very aggressive.
The chart is heading down and looking for a base. It is OK to own even if moving sideways since it pays a dividend of $0.074 cents a share. Be cautious. Another 5 out of 10 chart.
He sold. He's negative on natural gas. He just wants to own Canadian heavy oil. Valuation remains compelling. Great quality assets. Attractive on free cashflow and buybacks. He could be back in some day.
Has since sold shares.
Bearish on natural gas prices.
Wants to focus on light to medium oil names.
Better names out there to earn return on capital.
Pure USA Bakken & Marcellus play.
12-15 years of drilling inventory.
Trading at 2.2x times cash flow (fair value = 5x).
Expecting meaningful appreciation of shares.
Enerplus Corp(ERF-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 8
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 8
Enerplus Corp(ERF-T) Frequently Asked Questions
What is Enerplus Corp stock symbol?
Enerplus Corp is a Canadian stock, trading under the symbol ERF-T on the Toronto Stock Exchange (ERF-CT). It is usually referred to as TSX:ERF or ERF-T
Is Enerplus Corp a buy or a sell?
In the last year, 8 stock analysts published opinions about ERF-T. 8 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Enerplus Corp.
Is Enerplus Corp a good investment or a top pick?
Enerplus Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Enerplus Corp.
Why is Enerplus Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Enerplus Corp worth watching?
8 stock analysts on Stockchase covered Enerplus Corp In the last year. It is a trending stock that is worth watching.
What is Enerplus Corp stock price?
On 2023-09-29, Enerplus Corp (ERF-T) stock closed at a price of $23.9.
Owns ~5 million shares in company (~5% of shares).
Oil assets very profitable.
Management team very good.
Expecting ~60% of free cash flow being returned to shareholders.
Current share price under-valued.