Enerplus Corp

ERF-T

TSE:ERF

3.85
0.13 (3.27%)
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
TOP PICK
TOP PICK
August 23, 2017

It is one of the few that has decent price momentum not just in the energy space. You can hold and not go broke while you wait. It has good ROEs and 6.7 times cash flow. If we get an oil price rebound this stock will lag it somewhat. (Analysts’ target: $14.75).

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Enerplus Corp (ERF-T)
August 23, 2017

It is one of the few that has decent price momentum not just in the energy space. You can hold and not go broke while you wait. It has good ROEs and 6.7 times cash flow. If we get an oil price rebound this stock will lag it somewhat. (Analysts’ target: $14.75).

COMMENT
COMMENT
June 28, 2017

One of a handful of stocks in the sector that has held up reasonably well. Good valuation, trading at 6X EBITDA. They had a Beat in the last quarter. Decent balance sheet. Dividend yield of 1.1% which he is happy with until they start generating cash again.

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Enerplus Corp (ERF-T)
June 28, 2017

One of a handful of stocks in the sector that has held up reasonably well. Good valuation, trading at 6X EBITDA. They had a Beat in the last quarter. Decent balance sheet. Dividend yield of 1.1% which he is happy with until they start generating cash again.

HOLD
HOLD
March 24, 2017

You can get a better exit than right now. It depends on oil prices. It is well positioned relative to the group. It is cheaper. Its balance sheet is really good. If you wanted to look to an oil name this would be a really good one even if not the best.

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Enerplus Corp (ERF-T)
March 24, 2017

You can get a better exit than right now. It depends on oil prices. It is well positioned relative to the group. It is cheaper. Its balance sheet is really good. If you wanted to look to an oil name this would be a really good one even if not the best.

COMMENT
COMMENT
February 10, 2017

Recently sold a portion of his holdings, partially due to their exposure to natural gas. The company has done things to improve their balance sheet by selling off some assets. A big part of their production is in the US. Some of the companies that have exposure on both sides of the border, have not been hurt as bad by the fear of a border tax. Until the gas situation gets sorted out, this is not going to have a huge move. Dividend yield of 1%.

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Enerplus Corp (ERF-T)
February 10, 2017

Recently sold a portion of his holdings, partially due to their exposure to natural gas. The company has done things to improve their balance sheet by selling off some assets. A big part of their production is in the US. Some of the companies that have exposure on both sides of the border, have not been hurt as bad by the fear of a border tax. Until the gas situation gets sorted out, this is not going to have a huge move. Dividend yield of 1%.

WAIT
WAIT
January 9, 2017

It has done very, very well. They have sold non-core assets. They repaired their balance sheet. He was suggesting to take profits about a week ago. They will be impacted by lower oil prices in the next couple of quarters.

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Enerplus Corp (ERF-T)
January 9, 2017

It has done very, very well. They have sold non-core assets. They repaired their balance sheet. He was suggesting to take profits about a week ago. They will be impacted by lower oil prices in the next couple of quarters.

WAIT
WAIT
September 6, 2016

This did very, very well from the bottom. When we had the decline in the 4th quarter of last year, the stock went from $8 down to $2.62 in Jan-Feb. It had a nice bounce to $10. They are producing about 94,000 BOEs a day, and about half of that is oil. This is a big player in the US. Operating costs are excellent at $7.10. Transportation costs at $2.87 are a bit high. They had good hedge gains in the 1st half of this year, but their hedge book is a little lean now which is a bit of a problem. BV of $2.90. Paid down a lot of debt this year. The balance sheet is in good shape. What he doesn’t like is that, because of the assets in the US, they have taken impairments and every quarter that number is a moving target. If oil drops as he expects, there could be more impairments. Thinks the stock will back off to below $6, where it would be a Buy.

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Enerplus Corp (ERF-T)
September 6, 2016

This did very, very well from the bottom. When we had the decline in the 4th quarter of last year, the stock went from $8 down to $2.62 in Jan-Feb. It had a nice bounce to $10. They are producing about 94,000 BOEs a day, and about half of that is oil. This is a big player in the US. Operating costs are excellent at $7.10. Transportation costs at $2.87 are a bit high. They had good hedge gains in the 1st half of this year, but their hedge book is a little lean now which is a bit of a problem. BV of $2.90. Paid down a lot of debt this year. The balance sheet is in good shape. What he doesn’t like is that, because of the assets in the US, they have taken impairments and every quarter that number is a moving target. If oil drops as he expects, there could be more impairments. Thinks the stock will back off to below $6, where it would be a Buy.

PAST TOP PICK
PAST TOP PICK
August 22, 2016

(A Top Pick July 11/16. Up 17.33%.) Still thinks this is undervalued. Should be trading in the low double digits at about $12-$13. They have producing assets in Canada, and the Bakken and Marsalis in the US. Thinks this should trade into the $13-$15 range.

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Enerplus Corp (ERF-T)
August 22, 2016

(A Top Pick July 11/16. Up 17.33%.) Still thinks this is undervalued. Should be trading in the low double digits at about $12-$13. They have producing assets in Canada, and the Bakken and Marsalis in the US. Thinks this should trade into the $13-$15 range.

TOP PICK
TOP PICK
July 11, 2016

Very undervalued, especially now that they have restructured the portfolio and raised some cash. The balance sheet has been completely repaired. They have an asset in the Marcellus that everybody overlooks, because nobody focuses on gas any more. Dividend yield of 1.46%.

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Enerplus Corp (ERF-T)
July 11, 2016

Very undervalued, especially now that they have restructured the portfolio and raised some cash. The balance sheet has been completely repaired. They have an asset in the Marcellus that everybody overlooks, because nobody focuses on gas any more. Dividend yield of 1.46%.

COMMENT
COMMENT
May 16, 2016

Just raised some capital to help stabilize the balance sheet, which was a good idea. Have some great Bakken assets in North Dakota and are doing very well with their drilling. Sees a lot of upside there. The Marcellus assets are not doing as well because of the differential in some of the prices, and are getting the netbacks.

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Just raised some capital to help stabilize the balance sheet, which was a good idea. Have some great Bakken assets in North Dakota and are doing very well with their drilling. Sees a lot of upside there. The Marcellus assets are not doing as well because of the differential in some of the prices, and are getting the netbacks.

BUY WEAKNESS
BUY WEAKNESS
April 22, 2016

The balance sheet had $1.2 billion of debt versus $900 million of equity in December 2015. Just sold about $278 million of assets, so they will be about $1 billion in debt. BV is still cheap at $4.34. Taking profits is a great idea. They are doing very well in the US, producing 106,000 barrels a day, up from 2011 when they were 75,000. Their balance sheet is now a lot cleaner. Thinks this is a survivor in this group. On the next decline it would be a Buy.

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Enerplus Corp (ERF-T)
April 22, 2016

The balance sheet had $1.2 billion of debt versus $900 million of equity in December 2015. Just sold about $278 million of assets, so they will be about $1 billion in debt. BV is still cheap at $4.34. Taking profits is a great idea. They are doing very well in the US, producing 106,000 barrels a day, up from 2011 when they were 75,000. Their balance sheet is now a lot cleaner. Thinks this is a survivor in this group. On the next decline it would be a Buy.

WAIT
WAIT
March 10, 2016

Had been in this during its uptrend. When it broke the uptrend in 2014, he waited 3 weeks and then sold his holdings. Currently there is some potential consolidation, but the really big picture is still kind of bearish. Too early to make a decision. Give it another 2-3 weeks.

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Enerplus Corp (ERF-T)
March 10, 2016

Had been in this during its uptrend. When it broke the uptrend in 2014, he waited 3 weeks and then sold his holdings. Currently there is some potential consolidation, but the really big picture is still kind of bearish. Too early to make a decision. Give it another 2-3 weeks.

WATCH
WATCH
February 4, 2016

It is at EVB -3, so it is ‘In The Blue’. He suspects they need to write off assets. $1.11 model price so he will not touch it until they come clean with their balance sheet.

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Enerplus Corp (ERF-T)
February 4, 2016

It is at EVB -3, so it is ‘In The Blue’. He suspects they need to write off assets. $1.11 model price so he will not touch it until they come clean with their balance sheet.

SELL
SELL
December 2, 2015

(Market Call Minute.) Not a bad company, but she sees better opportunities elsewhere.

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Enerplus Corp (ERF-T)
December 2, 2015

(Market Call Minute.) Not a bad company, but she sees better opportunities elsewhere.

DON'T BUY
DON'T BUY
July 30, 2015

The balance sheet is getting 3.5:1 debt to cash flow. The rig count has nudged up in the US in the last couple of months because companies hedged out and felt good in the last peak. He would rather see good return on investment decisions. He owns some, but it is not a top weight because of the debt level. The dividend is probably safe, but watch this August.

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Enerplus Corp (ERF-T)
July 30, 2015

The balance sheet is getting 3.5:1 debt to cash flow. The rig count has nudged up in the US in the last couple of months because companies hedged out and felt good in the last peak. He would rather see good return on investment decisions. He owns some, but it is not a top weight because of the debt level. The dividend is probably safe, but watch this August.

COMMENT
COMMENT
July 28, 2015

In this mid-cap energy space, it really seemed that at some point yesterday we had a bounce off, and he is really hopeful that yesterday was the bad day. These companies should probably not be paying a dividend right now, so it is within the realm of expectation that if oil slipped again, all these companies would cut their dividends to zero.

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Enerplus Corp (ERF-T)
July 28, 2015

In this mid-cap energy space, it really seemed that at some point yesterday we had a bounce off, and he is really hopeful that yesterday was the bad day. These companies should probably not be paying a dividend right now, so it is within the realm of expectation that if oil slipped again, all these companies would cut their dividends to zero.

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