Journey Energy Inc. Generates 18 Million in Adjusted Funds Flow, Announces Participation in a Duvernay Joint Venture, and Continues Construction of Gilby Power Facility in the First Quarter of 2024
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 |
Calgary, Alberta-- - Journey Energy Inc. announces its financial results for the first quarter of 2024. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2024 and 2023 are posted on www.sedarplus.ca and on the Companys website www.journeyenergy.ca.Highlights for the first quarter and year to date are as followsGenerated sales volumes of ...
Read at finance.yahoo.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.
Current Valuation
Current Valuation Comparative Analysis
Enerplus is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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
GPOR | Gulfport Energy | 0.14 |
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MUR | Murphy Oil | 0.84 |
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GRNT | Granite Ridge | 1.62 |
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CIVI | Civitas Resources | 1.67 |
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EPSN | Epsilon Energy | 1.82 |
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OBE | Obsidian Energy | 2.04 |
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OVV | Ovintiv | 2.06 |
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VET | Vermilion Energy | 2.06 |
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CNQ | Canadian Natural | 2.32 |
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MTDR | Matador Resources | 2.82 |
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BTE | Baytex Energy | 3.97 |
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NRT | North European | 4.60 |
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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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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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