Daily Stock Opinions and Ratings

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Greg NewmanEnerplus CorpERF.TOPAST TOP PICKNov 26, 2014

(A Top Pick Nov 15/13. Down 9.25%.) When he thought this was getting a little ahead of itself at $25, he sold half his position. When it got to $20, and he saw the wheels potentially coming off, he sold more. He still has a little bit left. Very good relative to their peers and are very sustainable.

Greg Newman

Owned

Unlock Rating

$16.36

Stock price when the opinion was issued

$26.78

As of Jun 03, 2024. Market Open.

oilgas

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TOP PICK

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.

BUY

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.

WAIT

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.

Unspecified

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.

PAST TOP PICK

(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.

PAST TOP PICK

(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.

PAST TOP PICK

(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.

BUY

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.

PAST TOP PICK

(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.

BUY

Very good company paying down debt. Expecting a double in the share price. Trading at ~2x cash flow.

BUY

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.

PAST TOP PICK

(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.

TOP PICK

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.

TOP PICK

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.

HOLD

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.

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Greg NewmanEnerplus CorpERF.TOPAST TOP PICKNov 26, 2014

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