Enerplus Corp
ERF-T
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About Enerplus Corp (ERF-T)
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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.
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.
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.
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.
They are raising their capital budget, which is always a good sign. (Analysts’ target: $21.77).
They are raising their capital budget, which is always a good sign. (Analysts’ target: $21.77).
(A Top Pick June 11/2018, Up 1 %) Canadian company, but about 80% of production is in US, so they get world price for oil. The Canadian listing gives them the dividend tax credit and it’s well managed.
(A Top Pick June 11/2018, Up 1 %) Canadian company, but about 80% of production is in US, so they get world price for oil. The Canadian listing gives them the dividend tax credit and it’s well managed.
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