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

To: Goose94 who wrote (111568)	9/24/2021 1:36:01 PM
From: Goose94	Read Replies (2) \| Respond to of 202167

Enerplus (ERF-T) Eric Nuttall on BNN.ca Market Call Friday Sept 24th @ 1200ET Enerplus represents DEEP value (2.2x EV/CF at $70WTI) and is tremendously mispriced in my opinion. With over 10 years of development inventory the company could privatize itself and become debt free with just 5 years of free cashflow offering free optionality on both inventory depth and oil price upside. Trading at a free cashflow yield of 30 per cent to its market cap we look for the company to launch an aggressive share buyback program in early 2022 equating to potentially 20 per cent of its outstanding shares (75 per cent of 2022 free cashflow to shareholder returns). Our target is 5X 2022 EV/CF = $21.80 = 152 per cent potential upside.