JOURNEY ENERGY INC. GENERATES 18 MILLION IN ADJUSTED FUNDS FLOW FOR THE FIRST QUARTER OF 2023, REDUCES NET DEBT, TAKES FURTHER STEPS TO EXPAND ITS POWER BUSINESS
| ERFDelisted Stock | USD 16.27 0.19 1.18% |
Roughly 51% of Enerplus' stockholders are presently thinking to get in. The analysis of current outlook of investing in Enerplus suggests that some traders are interested regarding Enerplus' prospects. The current market sentiment, together with Enerplus' historical and current headlines, can help investors time the market. In addition, many technical investors use Enerplus stock news signals to limit their universe of possible portfolio assets.
Enerplus |
Journey Energy Inc. announces its financial results for the first quarter of 2023. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2023 and 2022 are posted on www.sedar.com and on the Companys website www.journeyenergy.ca.
Read at finance.yahoo.com
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Enerplus Fundamental Analysis
We analyze Enerplus' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enerplus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enerplus based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Enerplus is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Enerplus Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Enerplus stock to make a market-neutral strategy. Peer analysis of Enerplus could also be used in its relative valuation, which is a method of valuing Enerplus by comparing valuation metrics with similar companies.
Peers
Enerplus Related Equities
| CNQ | Canadian Natural | 0.89 | ||||
| OBE | Obsidian Energy | 0.88 | ||||
| CIVI | Civitas Resources | 0.80 | ||||
| MTDR | Matador Resources | 0.76 | ||||
| NRT | North European | 0.74 | ||||
| EPSN | Epsilon Energy | 0.69 | ||||
| VET | Vermilion Energy | 0.39 | ||||
| BTE | Baytex Energy | 0.35 | ||||
| GRNT | Granite Ridge | 0.16 | ||||
| OVV | Ovintiv | 0.15 | ||||
| MUR | Murphy Oil | 0.18 | ||||
| GPOR | Gulfport Energy | 0.81 |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Other Consideration for investing in Enerplus Stock
If you are still planning to invest in Enerplus check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Enerplus' history and understand the potential risks before investing.
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