Analyst Commenthttps://www.bnnbloomberg.ca/video/rick-rule-discusses-enerplus~2450013
HOLD
Enerplus Corp(ERF-T)
24/05/2022 at 08:00pm
Absent a global recession, Canadian energy sector is cheap. In US and Canada. For a 2-5 year timeframe, you'll do very well (absent the aforesaid recession). Substantial excess free cashflow. Plans dividend increases and share buybacks.
OIL / GAS
Rick Rule
$18.030
Unknown
COMMENT
Which materials in particular get the nod?(A Commentary)
24/05/2022 at 08:00pm
Which materials in particular get the nod? For most Canadian investors, gold merits attention. Its tailwinds are pretty strong, and Canada has a nice endowment of companies to invest in. Easy money has been made in oil & gas, yet the sector continues to be very robust. That sector is underpriced given where he sees price of oil & gas over next 5 years. For investors who can take on more risk, look at the sectors out of favour. Coal deserves a look based on valuation. Five years out, in the absence of a recession, copper and nickel will be materially higher. Potash will continue strong as long as Russia-Ukraine concerns are in play. He's intrigued by uranium for the next 3-5 years.
Rick Rule