Nuttall DetailsLast stock in the clip; he and his family also own the stock personally. GLTA
https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2500975
ERF is actively selling off its Canadian assets to become a pure U.S. Bakken / Marcellus-focused company. Trading at 1.6x EV/CF and a 39 per cent free cash flow yield the company recently renewed its 10 per cent normal course issuer bid and on its second-quarter conference call committed to a significant issuer bid (SIB) in the fourth-quarter if the share price remains so profoundly mispriced. With 14 years of staying flat, inventory in the Bakken and likely more inventory depth in the Marcellus, Enerplus is a free cash flow beast and we believe fair value is closer to a 11 per cent free cashflow yield = $42 target price = 197 per cent potential upside. TOP PICK
Enerplus Corp(ERF-T)
11/08/2022 at 08:00pm
Board recently committed to at least 60% of free cash flow to share buybacks & dividends this year and 2023. Looking into a significant issuer bid to buyback over 10% of their stock. Currently trading at ~1.6x cash flow and 39% free cash flow yield. Expecting company to debt free next year. Looking for a 5x multiple on current share price.
OIL / GAS
Eric Nuttall
$18.610
Owned