Looking for a ReRating - Q2 2022
My guess is a rerating will come once the Energy Companies get bold enough to put out meaningful dividend that will force a rerating in the stock.
If Enerplus paid out a $1.50 a year in dividend the stock would be forced to be rerated and you would see 21 dollars a share.
So this buyback it step 1, but i could see a special dividend of 25-40 cents a quater, and the stock skyrocketing to $20 dollars.
IMHO