Enerplus Corp (ERF.TO)

(Market Call Minute.) This gives you exposure to gas as well as oil. Management has done a great job in their Marsalis as well as the Bakken area, so they are increasing the liquids play. They cut distribution and valuation is attractive. Gives you exposure to rising gas prices.

(Market Call Minute.) Building momentum. Cash flow and production is improving. Debt levels are improving also.

Just reduced their dividend payment earlier this year, so now he would view the payment as sustainable. Has had a big move so he would look more towards the cheaper stocks. Yield of 6.7%.

(Market Call Minute) No reason to buy this name.

(Market Call Minute) Struggled with unsustainable dividend and debt load but over last couple of quarters cost controls have improved and it is looking up.

Story They were struggling for quite some time, market hated them, She met with them found that they had excellent valuation and new managment team, a turnaround in the making. Stock went up after they bought, last week.

Hasn’t performed for some time. They pound their chests on their Bakken wells in North Dakota but are paying upwards to $8-$10 million a well. Have a little bit of gas and a little bit of oil. You might want to wait for the tax loss season as the price could go up a little bit in the meantime.

Has been picking away at this one in the $12-$14 range. Cut their dividend to a more sustainable level and have done some asset sales so they are positioned more positively than has been seen in the last 2-3 years. Some oil and some gas production so there is diversification. $15-$16 is probably the right price on this stock in the near-term. Feels the 7% plus dividend is safe.

His company has this as a neutral so he would start switching into something else.

Well managed company and has a decent yield. Doesn’t see anything wrong with it. Yield of about 6%.

He would avoid this one. It is one of those oil/gas positions that has been a weak performer. A lot of people like to buy it for the yield but he doesn’t like laggards. 8% yield.

Have been shifting from gas production to oil. Have this prolific area in North Dakota, which is Bakken oil. Cut their distribution earlier this year so their cash flows are more in line with what their exploration plans are. Natural gas weighting should move down from 70% to about 60%. 8.7% dividend should be sustainable.

Sector has been trashed in the past year. If he were doing a “tax loss selling” basket this year, this would be one he would look at. If people are selling their losers and trying to realize that gain over the last few weeks, as a selling pressure abates, you often have a lift. This is a good company.

Has been one of the poorest ones to own. About 50% gas and 50% oil. They had a big land position they weren’t operating and decided to operate them and it cost more than they expected. If Nat Gas prices stay down, it is tough on these companies. Leave it for the next month or two. He is holding his, but you could use the tax loss selling. If winter gets hold these companies can turn on a dime.

Cut their dividend. He had thought they were getting back on schedule and felt it wouldn’t be cut. A week and a half ago he got stopped out again. In these cyclical names it is best to step aside when trouble brews. You will be better in a year but he prefers others.