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Enerplus Corp

ERF-T

TSE:ERF

8.16
0.15 (1.81%)
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
Chart
BUY
BUY
July 30, 2021
Probably will double still. Stock is still cheap. Where is the best upside is the question. The upside will come from the management's signal for return of capital. Trades at 2.6x EV to cashflow. Trading at 25% free cashflow yield with 10 year drilling inventory. If production is kept flat, they could privatize and take themselves private many times over before going through their inventory. Could be an $18 stock.
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Enerplus Corp (ERF-T)
July 30, 2021
Probably will double still. Stock is still cheap. Where is the best upside is the question. The upside will come from the management's signal for return of capital. Trades at 2.6x EV to cashflow. Trading at 25% free cashflow yield with 10 year drilling inventory. If production is kept flat, they could privatize and take themselves private many times over before going through their inventory. Could be an $18 stock.
Eric Nuttall
Price
$7.750
Owned
Yes
BUY
BUY
May 28, 2021
A court ruled that the pipeline can flow until March next year. This pipeline has never had an issue. Optimistic that it will not be shutdown. Bought two assets and increased drilling inventory to 10 years. At $70 oil, it is trading at 3x enterprise value to cashflow, and 31% free cashflow yield. (Analysts’ price target is $15.50)
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A court ruled that the pipeline can flow until March next year. This pipeline has never had an issue. Optimistic that it will not be shutdown. Bought two assets and increased drilling inventory to 10 years. At $70 oil, it is trading at 3x enterprise value to cashflow, and 31% free cashflow yield. (Analysts’ price target is $15.50)
Eric Nuttall
Price
$7.900
Owned
Yes
BUY
BUY
April 30, 2021
Really undervalued right now. Free cashflow is $1.8B and their market cap is $1.9B. Speaks to how undervalued it is. There is uncertainty in Dapple with environmentalists taking them to court. The results should be in favour of ERF. Even if it is against them, it is not material. Balance sheet, inventory depth is good. At $60 oil, $12.28 target.
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Enerplus Corp (ERF-T)
April 30, 2021
Really undervalued right now. Free cashflow is $1.8B and their market cap is $1.9B. Speaks to how undervalued it is. There is uncertainty in Dapple with environmentalists taking them to court. The results should be in favour of ERF. Even if it is against them, it is not material. Balance sheet, inventory depth is good. At $60 oil, $12.28 target.
Eric Nuttall
Price
$6.680
Owned
Yes
BUY
BUY
March 26, 2021
It has performed relatively well. One overhang is the uncertainty of the pipeline that moves oil from their key location in the Balkans. If the pipeline is cancelled, there is enough rail capacity to move barrels. It would impact their cashflow by $40M in incremental transportation cost. $2/barrel. They made an acquisition finally. 2.8x enterprise to cashflow at $60 oil. 5x multiple would be a reasonable place for this to trade. 100% upside.
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Enerplus Corp (ERF-T)
March 26, 2021
It has performed relatively well. One overhang is the uncertainty of the pipeline that moves oil from their key location in the Balkans. If the pipeline is cancelled, there is enough rail capacity to move barrels. It would impact their cashflow by $40M in incremental transportation cost. $2/barrel. They made an acquisition finally. 2.8x enterprise to cashflow at $60 oil. 5x multiple would be a reasonable place for this to trade. 100% upside.
Eric Nuttall
Price
$6.400
Owned
Yes
TOP PICK
TOP PICK
February 9, 2021
They did an accretive (inventory) acquisition in their Bakken play. They have a 34% free cash flow yield. He has a 5x mulitiple on it and targets almost $11. (Analysts’ price target is $6.53)
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Enerplus Corp (ERF-T)
February 9, 2021
They did an accretive (inventory) acquisition in their Bakken play. They have a 34% free cash flow yield. He has a 5x mulitiple on it and targets almost $11. (Analysts’ price target is $6.53)
Eric Nuttall
Price
$5.275
Owned
Yes
BUY
BUY
December 11, 2020
This gives you a large operational leverage to oil prices rising. Their primary asset is burdened with high royalty rates. After $50 oil, every dollar is very significant for free cashflow. At $50 oil, they would trade at 3.3 times and at $60 at 2.4 times. Historically, they traded at 8 times. However, the market has changed. At $60, they could generate 25% free cashflow. The name has underperformed due to natural gas prices falling and court issues for the Dakota Access Pipeline. However there is rail capacity to compensate. One of his largest holding at around 7% weight and he continues to buy.
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Enerplus Corp (ERF-T)
December 11, 2020
This gives you a large operational leverage to oil prices rising. Their primary asset is burdened with high royalty rates. After $50 oil, every dollar is very significant for free cashflow. At $50 oil, they would trade at 3.3 times and at $60 at 2.4 times. Historically, they traded at 8 times. However, the market has changed. At $60, they could generate 25% free cashflow. The name has underperformed due to natural gas prices falling and court issues for the Dakota Access Pipeline. However there is rail capacity to compensate. One of his largest holding at around 7% weight and he continues to buy.
Eric Nuttall
Price
$4.250
Owned
Yes
BUY
BUY
October 16, 2020
Sold the stock a couple months ago and then bought back a 5% weight this morning. The stock has probably bottomed. The market wanted them to transact and when they did not execute, the multiple collapsed. At $50 oil, it will trade at 2.3x cashflow. The stock price could triple going forward.
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Enerplus Corp (ERF-T)
October 16, 2020
Sold the stock a couple months ago and then bought back a 5% weight this morning. The stock has probably bottomed. The market wanted them to transact and when they did not execute, the multiple collapsed. At $50 oil, it will trade at 2.3x cashflow. The stock price could triple going forward.
Eric Nuttall
Price
$2.530
Owned
Yes
DON'T BUY
DON'T BUY
October 8, 2020
Part of bombed out group of stocks. So extraordinarily cheap. Will survive. Nice dividend and it's safe-ish for now. No growth in this environment. Do you really want to buy a name that's not growing? He's staying away, too risky.
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Enerplus Corp (ERF-T)
October 8, 2020
Part of bombed out group of stocks. So extraordinarily cheap. Will survive. Nice dividend and it's safe-ish for now. No growth in this environment. Do you really want to buy a name that's not growing? He's staying away, too risky.
Greg Newman
Price
$2.580
Owned
No
PAST TOP PICK
PAST TOP PICK
September 18, 2020
(A Top Pick Oct 01/19, Down 69%) It was a sneaky way to get US exposure. However, Canada is the place to be for energy investors now. Takeaway capacity has been improving and outlook for differentials are positive. This may be a value trap.
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Enerplus Corp (ERF-T)
September 18, 2020
(A Top Pick Oct 01/19, Down 69%) It was a sneaky way to get US exposure. However, Canada is the place to be for energy investors now. Takeaway capacity has been improving and outlook for differentials are positive. This may be a value trap.
Eric Nuttall
Price
$2.680
Owned
No
DON'T BUY
DON'T BUY
July 14, 2020
The effect of the Transmountain pipeline? The sector is suffering from low oil prices and a lack of investor interest. He can't see any catalyst turning around this space, except lower oil supplies. Also factor the increase in e-cars plus ESG investing. ERF is very well-run along with Whitecap. Pipelines will help, but won't save the sector.
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Enerplus Corp (ERF-T)
July 14, 2020
The effect of the Transmountain pipeline? The sector is suffering from low oil prices and a lack of investor interest. He can't see any catalyst turning around this space, except lower oil supplies. Also factor the increase in e-cars plus ESG investing. ERF is very well-run along with Whitecap. Pipelines will help, but won't save the sector.
Jamie Murray
Price
$3.300
Owned
No
PAST TOP PICK
PAST TOP PICK
May 15, 2020
(A Top Pick Jul 19/19, Down 60%) A head scratcher for him. A strong balance sheet and low cost Marcellus natural gas production. They have a good inventory in the Bakken region as well. He likes the management team and the balance sheet is strong. He thinks they are under pressure to get something done, as private equities are hunting for assets. He thinks they are in a financial position to make some key acquisition.
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(A Top Pick Jul 19/19, Down 60%) A head scratcher for him. A strong balance sheet and low cost Marcellus natural gas production. They have a good inventory in the Bakken region as well. He likes the management team and the balance sheet is strong. He thinks they are under pressure to get something done, as private equities are hunting for assets. He thinks they are in a financial position to make some key acquisition.
Eric Nuttall
Price
$3.370
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 14, 2020
(A Top Pick May 06/19, Down 75%) Oil was a poor sector choice. He was hoping this would be a trade, expecting oil prices to rise. Great balance sheet and managers, but oil price have just plunged. ERF will survive. He owns very little of ERF now. ERF has done what they could in this pandemic.
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Enerplus Corp (ERF-T)
April 14, 2020
(A Top Pick May 06/19, Down 75%) Oil was a poor sector choice. He was hoping this would be a trade, expecting oil prices to rise. Great balance sheet and managers, but oil price have just plunged. ERF will survive. He owns very little of ERF now. ERF has done what they could in this pandemic.
HOLD
HOLD
April 3, 2020
It is astounding how good quality companies with good hedge books, like ERF, have fallen like all the other energy companies. They have about half of their production hedged for this year. They have 20% hedged at $57 and another 22% priced at $11 premium to spot prices. He sees meaningful upside once we pass the worst of the COVID influence.
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Enerplus Corp (ERF-T)
April 3, 2020
It is astounding how good quality companies with good hedge books, like ERF, have fallen like all the other energy companies. They have about half of their production hedged for this year. They have 20% hedged at $57 and another 22% priced at $11 premium to spot prices. He sees meaningful upside once we pass the worst of the COVID influence.
Eric Nuttall
Price
$2.450
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 10, 2020
(A Top Pick May 10/19, Down 75%) This looked better two days ago--all energy stocks have been hammered. ERF has a reasonable balance sheet. He sold this. It looked like this had found a bottom at a super cheap 2.5x valuation, cheaper now after the Oil Shock. Big question: When does price momentum start going down? Selling begets selling. He's sidelined on all oil stocks.
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Enerplus Corp (ERF-T)
March 10, 2020
(A Top Pick May 10/19, Down 75%) This looked better two days ago--all energy stocks have been hammered. ERF has a reasonable balance sheet. He sold this. It looked like this had found a bottom at a super cheap 2.5x valuation, cheaper now after the Oil Shock. Big question: When does price momentum start going down? Selling begets selling. He's sidelined on all oil stocks.
Jason Mann
Price
$2.940
Owned
No
BUY
BUY
February 12, 2020
A name he continues to own and has been buying on weakness. It has simply fallen off the radar screen for many investors. He thinks it trades at 2.7 times value to cash flow and only 87% of the blow down value of the existing wells. It has a 10% free cash flow yield.
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Enerplus Corp (ERF-T)
February 12, 2020
A name he continues to own and has been buying on weakness. It has simply fallen off the radar screen for many investors. He thinks it trades at 2.7 times value to cash flow and only 87% of the blow down value of the existing wells. It has a 10% free cash flow yield.
Eric Nuttall
Price
$6.750
Owned
Yes
Showing 1 to 15 of 287 entries

Enerplus Corp(ERF-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 8

Stockchase rating for Enerplus Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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. 7 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Eric Nuttall on 2021-07-30. 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 2021-09-17, Enerplus Corp (ERF-T) stock closed at a price of $8.16.