Bullboard - Stock Discussion Forum Enerplus Corp T.ERF

Energy Oil & Gas E&P

Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of... see more

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TSX:ERF - Post Discussion

Enerplus Corp > 10X

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Post by MarkG1963 on Nov 06, 2021 5:47pm

10X

Josh Young was on BNN on Thursday. American Energy manager said if oil keeps on recovering then Baytex could be a 10 bagger from here. Probably same with any Canadian small cap oil. Also excellent for any Canadian oil in general.
https://www.youtube.com/watch?v=is6gk0jmmL8

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Comment by therealDonald on Nov 06, 2021 6:10pm

He didn't mention widening heavy oil diffs? Canadian anti oil sentiment from all levels of government? Indigenous issues? More and more I'm liking being in an oil company with predominantly American assets. They have their issues as well but they are smaller in comparison to Canada's.

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Comment by CandyC on Nov 06, 2021 9:08pm

widening WCS from $11:50 to over $20 in a couple weeks. WCS went from $69-$60 this week. Most Canadian up decently during this time. Just wait until we get back to $69 and close the gap.

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Comment by ratsnake220 on Nov 07, 2021 3:30am

better valuations in Canada....and better run companies.....

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Comment by MikeSchranker on Nov 07, 2021 10:55am

What companies do you like that have a better valuation? I'm interested in diversifying some fo the gains I've made on ERF. Appreciate your thoughts.

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Comment by caretired1 on Nov 07, 2021 2:01pm

Look at CJ, TVE, IPO and ARX imo

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Comment by therealDonald on Nov 07, 2021 3:35pm

I'm still parking my money here. Lots of boes to rerate. Don't look where it came from, look where it's going. Catalysts include the share buyback, dividend increase, sale of non core assets, North Dakota well results, more oil consolidation. DAPL issues will likely slowly vanish with the US pleading for more oily supply. Very healthy company financially ...more

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Comment by CandyC on Nov 07, 2021 6:05pm

Gear, Gear and Gear. They will be debt free by Q2 2022 at $70 WTI. Sooner if oil gets above $100. also Athabasca should be a multi bagger

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Comment by fabdaq2021 on Nov 07, 2021 5:24pm

and potentially a lot of bs regulations to hamper the canadian oil companies. ERF is a nice diversification from the Canadian plays. Dont trust JT at all despite what guys like Eric Nuttal say

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Comment by CashHungry on Nov 07, 2021 8:11pm

There are many stocks that could be a 10 Bagger with really high ($150+) oil prices. Increase CF by 300%, buyback 20% of shares and assume the market expands the EV/CF by a multiple of 2 (to historical norms). If all this happens the math works out to a valuation bump of 10 times. I can think of a lot of companies that could do this. The multiple expansion is not far fetched nor ...more

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