RE:Stock is approaching....... ERF has a lot of cards it could play.
The current valuation is attractive on a CF basis compared to its peers.
The debt/CF is lower then most as well.
It could be taken out entirely by a larger entity. Merge with another. Or sell Marcellus or the Canadian assets.
It could raise the dividend, continue the share buy back, impose a variable dividend and link it to WTI, special dividend...
It could use its balance sheet to acquire assets for cash.
If you think oil price will remain strong for the next while, I agree there is no point trying to daytrade this. It's one press release away from $20+