Last stock in the clip; it's now one of the largest positions in his fund (9.5%). GLTA
https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2336311
Enerplus (ERF TSX)
Last bought on November 30th at $12.17
Enerplus trades at a pathetically low multiple of 2.5x EV/CF at US$70 WTI despite having at least 10 years of stay-flat inventory in their core Bakken play. Trading at a 25 per cent free cash flow yield and a sub 0.5x debt to cash flow multiple.
TOP PICK
Enerplus Corp(ERF-T)
02/12/2021 at 07:00pm
A potential double from here. Trading at 2.6x cash flow. Free cashflow is 23%. Buying back shares due to distressed value. Has 10 years of inventory. Balance sheet is good. Could privatize themselves in 4 years. 99% upside potential. (Analysts’ price target is $16.24)
OIL / GAS
Eric Nuttall
$12.280
Owned