Enerplus Corp (ERF.TO)

Lots of news in the last little while and had a nice little move up. Prefers others. But if you want a yield with little growth, this is okay.

Sell Bonavista (BNP-T) and buy Enerplus (ERF-T)? Bonavista has done relatively better and has always been a well-run company so he would hesitate to leave it.

Stock has performed quite well over the last couple of quarters and likes what they have done. A wonderful kind of multiyear story. Although it looks like it has done quite well in the last few quarters, it still has a lot of upside. New CEO cleaned up the asset base and lowered operating costs. Inexpensive and has a lot more upside. Can see $23 in the next 12 months.

One of the more solid mid to large cap growth income paying companies. Before buying commodity companies, make your call on commodities first. Not keen on oil/gas right now. If you own, consider taking some profits here.

Has been a buyer in the $12.00-$16 range. Feels the stock could be worth $22-$24 plus paying a sustainable dividend. This is one you should own in a yield portfolio.

The original energy trust. Quietly transformed themselves over the last couple of years. They are starting to grow production – 9% this year. Trades at a multiple discount to everyone else. 5.6% healthy yield.

Thinks they’ve basically completed their asset repositioning program and are making good inroads in terms of increasing production for the last couple of quarters. Recently made another acquisition in the Marcellus so have a good play in this area. Still trades at a bit of a discount to the group. As long as they can continue to keep executing, that valuation discount should close.

Beat earnings for the 4^th time in a row. Production beat by 3% in spite of selling assets which they had to do to get their debt down, which is at a very good level now. Showing very admirable spending discipline having only deployed a 3^rd of their capital budget. Still cheap relative to the group. Trades at 6X EBITDA to adjusted cash flow versus its peers at around 7.9.

Have done a very good job of rationalizing their business and allocating capital well. Cut the dividends late last year and he thinks they are sustainable. Stock is cheap. He has a $21 target. Dividend yield of 5.9%.

(A Top Pick Oct 16/12. Up 19.31%.) About 50% natural gas. Good dividend yield of 6%. Got stopped out in May.

Have beaten expectations for the last three quarters in a row. Trades at an enterprise value discounted as a cash flow, at 5.8X versus the group of 8.2X but is offering comparable growth. Much better balance sheet than its peers. Effective payout ratio is 120%, which is in line with the group. Showing really good cost control this year.

(A Top Pick October 16/12. Up 17.1%.) This is actually trading a little bit behind its peer group. He got stopped out of it a while ago. If you still own, you should be happy with it.

Have done a good job. Good core areas. Balance sheet is in good shape. The market liked their second-quarter results. Dividend is secure. There might be a slightly better buying opportunity in the next few months if there is a correction. This is a name that you want to own going out to-3 years from now. Will be able to raise their distribution sometime in the future and then the stock could go through $20.

Has been buying in $12-$15 range and even some at $17. Management shakeup. 5-6 times cash flow. 6% yield

Have done a very good job of transitioning their old asset base to a new set of assets, both in the US and Canada. Have been early adopters of new formations and assets. Have protected their balance sheet. A dividend model.