Enerplus Corp (ERF.TO)

This has had a slow downtrend for the last 12 months. But seasonality kicks in during the summer for oil stocks, and the US dollar will help this dramatically if the USD breaks down. ERF pays a decent yield. Good management. The current price south of $10, we hit it in 2015, and faced resistance in 2016 with several touches in 2017. If it keeps falling, it will fall to $6-7. July should push this to $11, and it could move back to $16.

They generate 80% of their revenues from their US operations. They are not affected by the Canadian oil price gap. A solid business. Very well run.

They are raising their capital budget, which is always a good sign. (Analysts’ target: $21.77).

(A Top Pick June 11/2018, Up 1 %) Canadian company, but about 80% of production is in US, so they get world price for oil. The Canadian listing gives them the dividend tax credit and it’s well managed.

They're getting 82% of their production from the U.S., so they're getting world prices in American dollars, even though they're a Canadian company. They're growing. (Analysts' price target: $19.23)

It is a solid long for him. It was a Top Pick not too long ago. Recent price momentum is fine as is price valuation. They beat on the recent quarter.

He’s not really excited about energy, and gets a feeling we are just being manipulated. He likes big cap energy in the US. This closed at $13.29, and his model price is $17.30, a 30% upside. It’s one Canadian stock that actually has a distribution that is actually lower than its income. Thinks it goes higher, but there is so much opportunity in the US, that it’s hard for him to recommend this.