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Enerplus Corporation (ERF.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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18.08+1.07 (+6.29%)
At close: 11:52AM EDT
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  • H
    Heath
    Buffett increases its stake in oxy, again. If you’re wondering why this is relevant, I personally take it as a good sign when the most prolific investor of all time invests in the sector I have my position in. If you’re skeptical because warren has made an error in investing in o&g in the past, I consider it to be more reassuring that he has previously made a mistake and has now so aggressively returned. The most prolific investor certainly would be hesitant of duplicating mistakes so he must be even more confident of the result to delve so deeply again. This is a chat made for discourse and idea sharing, what do you think? I don’t mean to offend anyone sensitive to these comments.
  • p
    p
    ERF probably bought yesterday (60K) allotment as I cannot see the share pricing going much lower. Especially with ER next month and the CF positives that will be emphasized. Targeting $20CAD by the end of the month and $25 in the fall. Hopefully $30 by year end, but we have to have some outstanding results and debt reduction or a dividend increase. ERF needs the good news to rise over its competitors that have higher shareholder volumes.
  • S
    Stannis Winterfield
    Oil and gas fundamentals are too strong for this bloodbath to continue much longer. The industry has never been in a position such as today where virtually all Canadian producers will have zero net debt within 6 months, and ample free cash flows to buy back significant amounts of shares. Within a month from now, I am very confident there will be a very nice recovery in OG stocks. Today was a buying opportunity - don't miss out!
  • H
    Heath
    Berkshire Hathaway bought 25 million shares of occidental petroleum yesterday. They’re obviously convinced oil is dead…..
  • b
    bob
    What's changed? Not much. 30% hair cut in just a few days. Forward PE of 5-6. Hard to explain but its not just ERF its the entire sector.
  • H
    Homer
    if you think oil price will keep going up then buy if not sell.
  • p
    p
    All, look at Zack's prediction on earnings per share in 2022. $3.40 versus $0.97 in 2021. SP jump is a coming at 250% growth.
  • F
    FeriGold
    The support is getting lower and lower; not a good sign. Plus, our "hero" Mr. Eric indirectly announced that we are in a bear market ad there is a chance of a 33% drop from here given oil is heading down to $70WTI.
  • p
    p
    Heath, I work out my fundamentals you can bet on that. With the volatility in the markets, no one can predict where share value will go, though it was good to see ERF rise this week supported by 110 WTI. $20CAD sp might be a stretch by the end of the week and we will have to wait on the ER. Gordon has it right and I liked his fundamentals calculations. I totally agree ERF should be $20-25 CAD based on CF report coming.
    Also, Health I hope your not related to J as he is a complete dip-s--t.
  • c
    chris
    At this rate I guess I’m gonna have to add more in a couple days!
  • D
    DennisK
    how are those stock buybacks coming along?
  • p
    p
    Some large investors getting out yesterday. A 80K share vol. investor panicking around mid morning. Wondering if they are over leveraged and again panicking? I would have never guessed ERF would be at this level. Even at $110 WTI ERF is making good money. Looking forward to the next ER, where we will learn more specifics on CF, share buy backs and debt reduction. I hope ERF is buying at these levels as I cannot see the stock staying here for long. I don't believe it will "go much lower" as the fundamentals are there for potential for dividend increase.
  • T
    The oracle
    let's touch $19 this week !
  • H
    Heath
    Hang in there, all smoke and mirrors. Remember the fundamentals of economics, this must be impacted by the laws eventually. Wish I had more powder to buy more.
  • p
    p
    Even with higher WTI $112 versus $110, the market doesn't have the confidence to invest more. I take back my prediction of ERF $20CAD by the end of the week. Tough to see ERF drop today from the low $19's. Volume is just not there. Good time for ERF to buy more shares. What do you think Ian?
  • T
    The oracle
    good sale on today buying me some shares
  • R
    Ryan
    What’s going on? Is ERF going bankrupt?
  • p
    p
    The oracle realm is in "rainbows and unicorns". ERF is not going to pull back significantly. More investors are hearing our story; ERF is probably panicking and buying the 132,000 shares this morning or as someone mentioned, a short position panicked. All is going according to plan and the July ER with continued positives to be mentioned, (buybacks, debt reduction, divs increase) the projected sp will be $30 by the end of year. Enjoying this ride and AVV is another one on a similar trajectory.
  • s
    super_dry
    Unbelievable!!!!!
  • M
    Matt
    Talk about a reaming lol…. Hold tight, it will be back next week.