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NVDA -0.4EWJ 0.37TECK.B.TO -2.09CNQ.TO 0.71HHL.TO 0.075SYLD 0.03HAC.TO 0.04TRU -0.01
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Greg NewmanEnerplus CorpERF.TODON'T BUYOct 01, 2012

Cut their distribution and may have to cut again. Payout ratio is still elevated at about 160 effective payout ratio. Probably better names in this group. If you want natural gas exposure, look at Arc Resources (ARX-T) that is flush with cash and hedged for 2012-2013. If you want more oil exposure, go for Crescent Point (CPG-T). If you want Brent exposure because it is widening over West Texas you would go for Vermilion Energy (VET-T). If you want heavy oil exposure, which is narrowing a lot to the differentials, he would choose Baytex Energy (BTE-T).

Greg NewmanGreg Newman
No
Unlock Rating
$16.59

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
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TOP PICK

Enerplus Corp(ERF.TO)

Oct 27, 2023

At least 15 years of drilling inventory in Bakken play. Very strong balance sheet (almost no debt). Expecting ~60% of free cash flow returning to shareholders. Trading under 3x cash flow with $80 oil. Expecting ~$29 share price next year given $80 oil. Expecting strong performance in 2024. Value proposition very strong. 

Photo of Eric NuttallEric Nuttall
Owned
Unlock Rating
$23.69

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
BUY

Enerplus Corp(ERF.TO)

Sep 29, 2023

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.

Photo of Eric NuttallEric Nuttall
Owned
Unlock Rating
$23.90

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
WAIT

Enerplus Corp(ERF.TO)

Aug 23, 2023

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.

Photo of Eric NuttallEric Nuttall
No
Unlock Rating
$22.60

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
Unspecified

Enerplus Corp(ERF.TO)

Jun 26, 2023

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.

Photo of Keith RichardsKeith RichardsUnlock Rating
$18.61

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
PAST TOP PICK

Enerplus Corp(ERF.TO)

May 31, 2023
(A Top Pick Aug 12/22, Up 2%)

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.

Photo of Eric NuttallEric Nuttall
No
Unlock Rating
$18.72

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
PAST TOP PICK

Enerplus Corp(ERF.TO)

Mar 24, 2023
(A Top Pick Jun 03/22, Down 4%)

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.



Photo of Eric NuttallEric Nuttall
No
Unlock Rating
$19.22

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
PAST TOP PICK

Enerplus Corp(ERF.TO)

Feb 24, 2023
(A Top Pick Mar 04/22, Up 26%)

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.

Photo of Eric NuttallEric Nuttall
Owned
Unlock Rating
$21.83

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
BUY

Enerplus Corp(ERF.TO)

Jan 27, 2023
Has 9.5% weight in portfolio. Massive out performer last year. Very strong company that has been returning capital to shareholders. Pledged 60% of free cash flow to shareholders. Share price should double from here.
Photo of Eric NuttallEric Nuttall
Owned
Unlock Rating
$23.84

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
PAST TOP PICK

Enerplus Corp(ERF.TO)

Jan 13, 2023
(A Top Pick Mar 31/22, Up 47%) Very strong energy fundamentals. Believes further room for growth in energy. Company stock still cheap. Will continue to hold. Excellent financial performance that expects to continue.
Photo of Jason MannJason Mann
Owned
Unlock Rating
$23.25

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
BUY

Enerplus Corp(ERF.TO)

Nov 25, 2022
Very good company paying down debt. Expecting a double in the share price. Trading at ~2x cash flow.
Photo of Eric NuttallEric Nuttall
Owned
Unlock Rating
$24.70

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
BUY

Enerplus Corp(ERF.TO)

Oct 24, 2022
Its fair value is $37 U.S. so there is 120% upside. Has an excellent balance sheet and is committed to returning 60 to 65% to investors through buybacks.
Photo of Eric NuttallEric NuttallUnlock Rating
$23.51

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
PAST TOP PICK

Enerplus Corp(ERF.TO)

Sep 16, 2022
(A Top Pick Sep 24/21, Up 125%) Strong company that will continue to hold. Will pay down debt to zero by end of the year. Expecting to return 60% of free cash flow going forward (~18 of shares next year). 9% weight in portfolio. Expecting a 5x multiple on share price or $40 share price.
Photo of Eric NuttallEric Nuttall
Owned
Unlock Rating
$20.47

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
TOP PICK

Enerplus Corp(ERF.TO)

Aug 12, 2022
Board recently committed to at least 60% of free cash flow to share buybacks & dividends this year and 2023. Looking into a significant issuer bid to buyback over 10% of their stock. Currently trading at ~1.6x cash flow and 39% free cash flow yield. Expecting company to debt free next year. Looking for a 5x multiple on current share price $26.
Photo of Eric NuttallEric Nuttall
Owned
Unlock Rating
$18.61

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
TOP PICK

Enerplus Corp(ERF.TO)

Jun 03, 2022
Management team committed to returning capital back to shareholders. Package of conventional assets on the market which should fetch high price. 35% free cash flow yield, trading a 1.8x cash flow with long reserve life in the USA. Company should be debt free this time next year. Expecting company shares to appreciate significantly very soon.
Photo of Eric NuttallEric Nuttall
Owned
Unlock Rating
$20.21

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas
HOLD

Enerplus Corp(ERF.TO)

May 25, 2022
Absent a global recession, Canadian energy sector is cheap. In US and Canada. For a 2-5 year timeframe, you'll do very well (absent the aforesaid recession). Substantial excess free cashflow. Plans dividend increases and share buybacks.
Photo of Rick RuleRick RuleUnlock Rating
$18.03

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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