Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Enerplus: The Blue Flame Of Marcellus Gas Is Heating Up The Stock

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details