Back in November I wrote that Enerplus (NYSE:ERF) was "Out Of The Woods & Yielding 6%". The investment thesis then (and still valid now) was the company's improving productivity profile in its Bakken operations vis-a-vis optimized completion techniques combined with a downspaced drilling program. What has caught me by surprise is the recent strength in the company's Marcellus operations combined with a sharp rally in natural gas prices. Combined, they have pushed Enerplus up 4% year-to-date while the market has tanked. In the previous article, I expected the stock to rise to $20 in 2014, for a total return of ~15%. Recent events in the natural gas market, combined with ERF's recent 2013 production & reserves report...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|