e.v. sales , iran oil back on market. China stockpiles and possible antitrust law against OPEC. Also likely raise of the U.S. dollar, hedge funds completely against retail investors..
All that combine with high debts of Enerplus Corp. will make the shares go lower in the next days and weeks,
Experienced traders never rely on analysts with their traget prices.
Analysts are paid by banks and get kick backs from hedge funds,
A European survet done last months demonstrate that over 94% of analysts ratings are wrong.
Many time analysts working for banks gives unrealistics ratings to fools retail investors to buy because those banks did lend millions to the companies mentionned in the ratings, Or the banks owned huge amount of shares in their funds,
At this point we can only see oil going down and in any upsides do not expect shares like ERF or CPG or anayother to give returns to shareholders.
Sure after going down substantially shares will go up a bit. But not enough for any investors to take risks on shares like ERF.
Ian Barter