TSX:ERF - Post Discussion
Post by
retiredcf on Jan 24, 2023 7:58am
Good Response
May I please get your thoughts on ERF. I've held it for awhile and have done well. I'm considering rotating out of this name and shifting to either WCP, HWX or TVE all of which have better dividends and could run harder if oil catches a bid (as many oil bulls are expecting). Do you prefer any of these names over the others....or should I stay the course? Up 72% in a year and still only 6X earnings, it's hard to fault ERF too much. The balance sheet is strong with debt/cash flow less than 0.5x. The dividend was raised 10% in November and likely has plenty of room to move more. We are fine with the others mentioned, but would not see a big reason to switch unless income was the main goal. (5iResearch)
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