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Enerplus Corporation (ERF.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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13.80+0.04 (+0.29%)
At close: 04:00PM EST
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  • K
    Karen
    In the Globe today!
    After recent discussions with president and chief executive officer Ian Dundas, RBC Dominion Securities analyst Greg Pardy reaffirmed Enerplus Corp. (ERF-T -3.30%decrease
    ) as his favourite intermediate producer, citing “its consistently solid execution, balance sheet strength and bolstered scale in North Dakota post its two acquisitions in 2021.”

    “Enerplus continues to exercise flexibility when it comes to shareholder returns and looks upon its common shares as offering attractive value,” he said. “In conjunction with its third-quarter results, the company raised its common share dividend 8 per cent (its third increase in 2021) to an annualized rate of $0.164 per share (1.2-per-cent yield), and boosted its share repurchase program to $200 million. Enerplus repurchased $142.7 million under this program in the fourth quarter of 2021, with the $57 million balance expected to be completed in the first quarter of 2022. Thereafter, the company will still have about 3 per cent (of its total 10 per cent) NCIB authorization to execute before its renewal date of August 1. Enerplus will continue to assess different capital returns, including base dividend growth, special/variable dividends, and further repurchases under its NCIB. The company is currently using a US$45 WTI price to evaluate the sustainability of its dividend and any potential increases.

    “Enerplus has achieved comfortable scale in North Dakota post its US$465 million Bruin and US$312 million Hess Bakken acquisitions in 2021, but will remain opportunistically driven should further assets surface. As it stands, Enerplus sees over 10 years of Tier 1 drilling activity with its current Bakken inventory. Based on our discussion, it would surprise us to see Enerplus acquire anywhere but in the Bakken. Conversely, the company looks upon its non-operated Marcellus and Canadian waterflood operations as non-core, but would need to capture appropriate value under any disposition scenario.”

    Mr. Pardy raised his target for Enerplus shares to $17 from $14 with an “outperform” rating. The average is $16.06.
  • J
    Jeff
    Hey everyone,
    CEO Ian Dundas and his board members are buying lots of ERF shares today
    Ahead of the $100 WTI target and supply shortage
    Great opportunity to buy ERF at bargain price
  • A
    A
    This is all panic selling with the whole market. Crude is heading to 100+ and there is no way around that! Buy up at this discount and hold. $15 a share by April no doubt. This is a long play not a penny flipper.
  • M
    Matt
    Pump jacks havent stopped pumping.. Price per barrel is still +80. Stick to the game. Nothing to worry about here..
  • D
    Dave
    This stock is really annoying again today. Going down substantially on a green WTI day. Is this retail investors selling off or is it being manipulated somehow? If anyone has an idea I'd love to hear it.
  • J
    James
    Enerplus ESG should be at the top of the industry. I would think some portfolio managers would take notice and add ERF to their portfolio. 50%+ of ERF stock is held by institutions.
  • A
    A
    With the tensions in Ukraine there is more consumption of Crude supplies. We should see the run up just in time for earnings!

    Share buybacks should engage today @ max level
  • A
    A
    This is Headed to 12 in less than 2 weeks! Earnings will be spectacular with special dividend possibly in the cards
  • M
    Malee
    Once again, oil and xle pumping highs and this is somehow still red from earlier drawdowns. Zzzzzzz. Tellin you- this is the most undervalued stock on the market right now.
  • A
    A
    I keep adding. This is a great dip into earning which will not disappoint!
  • J
    James
    Just in....Chesapeake possibly buying Chief Oil and Gas. Hopefully this will jump-start either more drilling on ERF land or a nice offer for the land. Time to charge up the cash-flow!
  • J
    James
    Does anyone know how many more shares have been bought back from ERF's last announcement?

    Finish with the share buybacks and start a big dividend so the shares can be revalued (increase to 18 to 20 US)
  • M
    Matt
    Start paying special cash dividends like Devon and watch this stock take off
  • p
    p
    Come on Ian. ERF should be a $20pps and higher dividends should be happening due to higher cash flow.
    Yes the share buy backs are good for the company's balance sheet, but the dividends saved should be going back to the shareholder. ERF dividend was incredibly low.
  • M
    Malee
    Oil and energy just started rising back up and this effing dropped down in counter-unison. Biggest farce ever. Severely undervalued considering this is happening EVERYDAY. All those $0.10-$0.20 cuts add up. We should be at $12.50 by now. Highly manipulative price action
  • D
    Dave
    This stock is down 5% today while WTI is up over $1.00 so what's causing this disconnect I wonder. Enerplus should be up 5% you would think.
  • K
    Karen
    Eric Nuttall's price target for ERF is $24.46
  • D
    DYK
    ERF.to Has gone up about $3.00 in a month. Eric Nuttall on BNN had this as one of his top picks a while ago. He thinks the party has just started. There are caveats of course, but if oil demand keeps climbing, I'm staying at the party.
  • A
    A
    Wait for the dividend announcement. This should be coming out soon
  • A
    A
    J is on the board! This is a great indicator that we will leg up very soon!

    Buy this tasty Dip! Crude is headed well over 100