Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (58931)	7/19/2019 9:02:44 PM
From: Goose94	Read Replies (1) \| Respond to of 202170

Enerplus (ERF-T) top pick from Eric Nuttall on BNN.ca Market Call Friday July 19th @ 1200ET Given Enerplus’ pristine balance sheet (0.6 times debt to cash flow), high-quality assets that generate strong free cash flow and depressed valuation (just dipped below 1 time its proved developed producing reserve value, basically its liquidation value), the company has been active in buying back its own shares. We believe the company should use its balance sheet (an exception to our general rule) to buy back a meaningful amount of shares (in addition to 6.3 million so far), given a $100 million incremental debt-financed buyback would only increase D/CF by 0.1 times yet allow it to buy back 5 per cent of its shares outstanding.