TSX:ERF - Post Discussion
Post by
retiredcf on Aug 24, 2023 7:32am
Eric Nuttall
As can be seen, there's no change from May. ERF is a great company but because he's currently throwing all of his eggs into the heavy oil basket, ERF is on the sidelines because of its 40% NG component. Note that the SP is up more than 20% since his previous comments. GLTA
WAIT
Enerplus Corp(ERF-T)
23/08/2023
Sold because he became very bearish on natural gas, bullish on oil. Lots of drilling and no real winter last year meant that storage was high. Still on his radar, but no price catalyst until this time next year. Minimizing growth and maximizing free cashflow, buybacks, very aggressive.
Oil / Gas
Eric Nuttall
$22.600
No
PAST TOP PICK
Enerplus Corp(ERF-T)
31/05/2023
(A Top Pick Aug 12/22, Up 2%)
He sold. He's negative on natural gas. He just wants to own Canadian heavy oil. Valuation remains compelling. Great quality assets. Attractive on free cashflow and buybacks. He could be back in some day.
Oil / Gas
Eric Nuttall
$18.720
No
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