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Enerplus (ERF) is another oil producer primed for an outstanding 2022. Yes, a rising tide will lift all boats, but picking the finest boats is going to set you up for a great 2022 and beyond. Enerplus is
Enerplus: Potential Double From Current Levels
Summary
- Enerplus is set to enter a rare company with their leverage ratio falling below 1.0x.
- Enerplus is going to continue to grow free cash flow and reward shareholders accordingly over the next two years as there is little debt left to pay off.
- Enerplus could continue to see volatility in the share price, a better buying opportunity could arise based on current price action.
A finance graduate from the University of Alberta. I have developed a trend-following strategy backed by solid fundamentals. Removing emotion from the situation is the hardest, yet most important lesson to learn.-"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
Analyst’s Disclosure:I/we have a beneficial long position in the shares of ERF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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