TSX:ERF - Post Discussion
Post by
retiredcf on Jun 04, 2022 7:02am
Nuttall Details
Second stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2456651
ENERPLUS (ERF TSX)
Enerplus remains profoundly mispriced, trading at 1.8x EV/CF and a 35 per cent free cash flow yield. They are actively buying back 10 per cent of their stock, and will rebuy back NCIB and buy back another 10 per cent, while also being able to meaningfully increase their dividend and soon contemplate a significant issuer bid. They recently said that 75 per cent of free cash flow in 2023 could be returned to shareholders in 2023 and with an asset package divestiture soon to come to a close and leverage metrics to be reached, we look for the company to meaningfully increase shareholder returns. We use a 5x EV/CF multiple target = $40 target = 158 per cent upside potential.
TOP PICK
Enerplus Corp(ERF-T)
02/06/2022 at 08:00pm
Management team committed to returning capital back to shareholders. Package of conventional assets on the market which should fetch high price. 35% free cash flow yield, trading a 1.8x cash flow with long reserve life in the USA. Company should be debt free this time next year. Expecting company shares to appreciate significantly very soon.
OIL / GAS
Eric Nuttall
$20.210
Owned
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