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Enerplus

Buy Enerplus stocks

ENERPLUS (ERF) Stocks

ABOUT ENERPLUS

Enerplus Corporation is an exploration and development company.

With its subsidiaries, Enerplus Corporation explores, and develops natural gas and crude oil properties in Montana, Pennsylvania, North Dakota, Colorado, Saskatchewan, Alberta and British Columbia.

Its portfolio includes probable gross reserves of more than 13 million barrels of light and medium crude oil, 167 million barrels of tight oil, 28 million barrels of heavy crude oil and 21 million barrels of natural gas liquids. It also has approximately 41 billion cubic feet of conventional natural gas and 1 150 billion cubic feet of shale gas.

Enerplus Corporation employs approximately 400 people and is headquartered in Calgary, Alberta, Canada.

OVERVIEW OF ENERPLUS

  • Enerplus Corporation is founded in 1986 by Marcel Tremblay and John Brussa as Enerplus Resources Fund. It is the first income trust in Canada and initially focuses on providing income to retail investors from mature oil and gas assets. It raises US Dollar 10 million in its initial public offering and in 1986 the company lists on the Toronto Stock Exchange.
  • In 2000 the company merges with the Westrock Funds. During the next year it merges with Enermark. The company buys western Canadian assets of ChevronTexaco for a price of US Dollar 467 million in 2004. In 2005 the company buys Lyco Energy for a price of US Dollar 500 million. The transaction enables the company to expand into the United States and adds assets in South Dakota and Montana to its portfolio.
  • Focus Energy Trust, a natural gas producer, is purchased in 2008 for US Dollar 1.4 billion in stock. In 2010 the company exits the oilsands industry and sells its Kirby oilsands leases for a price of US Dollar 400 million and purchases several properties in North Dakota’s Bakken formation for USUS Dollar 456 million.
  • On January 1, 2011 the company is converted into a corporate entity.

VISION AND VALUES OF ENERPLUS

  • Enerplus Corporation values its employees, the environment and communities from which it operates, its shareholders and customers.

  • Enerplus Corporation is committed offering exceptional services, superior shareholder returns, respecting the environment, providing a safe and healthy workplace to its employees and being a trusted corporate citizen. It manages the risks in its operations and operates efficiently, sustainably and responsibly.

  • Enerplus Corporation’s Safety & Social Responsibility Policy identifies, evaluates, prioritizes its health, safety and environmental risks.

MARKET PERFORMANCE OF ENERPLUS

  • Enerplus Corporation trades on the Toronto Stock Exchange under the TSX stock symbol ERF.

  • Data analysis for the company’s third quarter for the three months ending September 30, 2019 reports a net income of US Dollar 65.2 million. Cash flow from operating activities are US Dollar 159.8 million. Adjusted funds flow is US Dollar 175.3 million. Dividends declared are US Dollar 6.8 million.

  • Basic and diluted net income is US Dollar 0.28 per share. Oil and natural gas sales are US Dollar 40.8 million.

Buy ENERPLUS stocks / shares – A Step by Step Guide how to Buy / Purchase ENERPLUS Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy ENERPLUS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ENERPLUS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE ENERPLUS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ENERPLUS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy ENERPLUS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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