BP to Invest 10.7B for Clean Energy Initiatives in Germany
Roughly 67% of Enerplus' investor base is looking to short. The analysis of current outlook of investing in Enerplus suggests that many traders are alarmed 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 |
BP intends to allocate a budget of 55-65 billion toward its emerging transition ventures from 2023 to 2030, eventually matching its financial commitment to oil and gas.
Read at zacks.com
 |
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.
Price To Sales
Price To Sales Comparative Analysis
Enerplus is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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
| OBE | Obsidian Energy | 5.56 | ||||
| BTE | Baytex Energy | 3.16 | ||||
| NRT | North European | 2.95 | ||||
| EPSN | Epsilon Energy | 2.73 | ||||
| OVV | Ovintiv | 2.29 | ||||
| MUR | Murphy Oil | 2.25 | ||||
| VET | Vermilion Energy | 2.23 | ||||
| GPOR | Gulfport Energy | 2.11 | ||||
| CNQ | Canadian Natural | 1.56 | ||||
| GRNT | Granite Ridge | 1.37 | ||||
| CIVI | Civitas Resources | 1.06 | ||||
| MTDR | Matador Resources | 0.92 |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |