Enerplus Corp (ERF.TO) Buy, Sell or Hold

Enerplus Corp (ERF.TO)

26.78

-0.93 (3.36%)

as of Jun 3, 2024, 8:00:00 pm Market Open.

235 watching

BUY

One of the largest royalty trusts. Current production is about 86 thousand BOE’s. Relatively balanced between gas and oil. Has some interesting discoveries in Montana. Likes this one a lot.

HOLD

Very solid asset base. Very large and diversified. Trade at a slight premium to their peers and feels they should trade more in line. Hedging policy is not as conservative. If you own, consider trimming some of your profits.

BUY

Distribution is safe. As for the unit price and your capital exposure, this has been the “go to” name. Chronically overvalued because of its US listing. You won't earn significant capital gains unless there is a huge move upwards in oil/gas.

PAST TOP PICK

(Past Top Pick Jan 13/06. Up 4.5%.) One of the highest quality oil/gas trusts, particularly with their diversified long life reserves.

BUY ON WEAKNESS

Has wide exposure to oil/gas. This is a good trust. Has been quite expensive but is coming down because of gas exposure. There will be opportunities in the next few months to buy.

BUY

A prudent operator with a low risk profile.

PAST TOP PICK

Enerplus went up 9%. Their top 3-4 oil and gas trusts. Has been around since the first trusts were launched in 1986. Reserve life today is higher than it was in 1986. Producing more and has exposure to oil sands deposits. It is in very good shape.

PAST TOP PICK

(A Top Pick Oct 18/05. Up 20%.) Feels that commodity prices are going to stay quite strong and he still likes this trust.

TOP PICK

This is a valuation call. Should trade at a premium to a lot of it's peers. Very large with a very diversified base. Good reserve life. More than 50% of its investors are outside of Canada.

BUY

Based on the quality of management, quality of assets and the outlook for the company, this is a good long-term hold. This is dependent on oil/gas prices.

BUY

A very good trust. Since its inception, it has managed to maintain its reserve life index, at around 13 years. Has recently expanded into the U. S. it also has some interest in the oil sands.

DON'T BUY

Thinks there's a problem with energy trusts as they are depleting their assets. He doesn't like them, nor does he own any.

BUY

One of the largest and is the oldest income trust. Very diversified asset base. Have been quite active in their acquisitions. Has been an outperformer compared to its peers. An interlisted trust meaning it trades on the US exchange and has a lot of US investors. Governement action could severly affect foreign investors in trusts.

BUY

A high quality trust. This and ARC Energy (AET.UN-T) are the blue chip trusts in the market place. Sensitive to the prices of oil and gas. If you feel that oil/gas prices are going to be stronger, than this is a core holding.

DON'T BUY

One of the good highly liquid companies. Feels it's fairly fully valued right now. Have an interesting tar sands project, but it's a long way down the road to cash flow.

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