Last stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/jason-mann-s-top-picks~2413649
Enerplus (ERF TSX)
Clearly, over the last year or so you could have picked just about any energy stock and returns would have been remarkable. After a five-year bear market (and negative $40 oil during the pandemic), its clear that the world is now short energy in all forms, and oil has become a key driver of inflation.
We don’t think that the structural reasons why this has been true will be solved anytime soon. In many ways, government and social demands for more environmentally-friendly energy production has made the problem worse in the short run – there has been underinvestment, and a lack of policy to encourage new traditional production. Essentially, we’re forcing transition before we have the supply from green energy, and so this may persist for some time.
TOP PICK
Enerplus Corp(ERF-T)
30/03/2022 at 08:00pm
Chose it on valuation of 11x earnings and price momentum. Big ROE. Reducing debt and returning cash to shareholders by buying back shares. Room to acquire. Yield is 1.03%, very low payout ratio. (Analysts’ price target is $21.89)
OIL / GAS
Jason Mann
$16.040
Owned