China crude oil stockpiles are fulland 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,
We also need to mention e.v. sales increasing all over the world. . Likeky higher U.S. dollar and executives and c.e.o. taking all returns and profits for themselves.
Not forgeting analysts that are always missing target prices.
Experienced traders never rely on analysts with their target prices.
Analysts are paid by banks and get kick backs from hedge funds,
A European survey done last month 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 if any upsides do not expect shares like ERF or CPG or any other 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