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Enerplus Corporation Message Board

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  • saiani saiani Sep 14, 2006 4:49 PM Flag

    this is getting ugly

    I agree with you, I also have been a long time ERF owner and I don't like the smell of this. I agree it's time to get out and move on.

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    • cber11@sbcglobal.net cber11 Sep 14, 2006 7:48 PM Flag

      For the hell of it I looked at my history with ERF


      6/17/01 Bought 1k shares @ 20.50
      6/28/01 " 300 " @ 17.12
      8/6/01 " 200 " @ 19.50
      8/7/01 " 100 " @ 18.84


      Since then I've bought in and out of ERF so many times
      my finger the computer wore down my fingers. Each time I sold I made excellent momey. I purchased it on its most recent foray into $50. I've done the same with Arc and Acclaim (now Canetic)

      What's the point of this? Please believe me I'm not
      trying to boast of my success with ERF. And I am also uncomfortable with the current swoon in CRTs. But this is the nature of the beast. Up and down like a basketball. But one must remember the long term supply and demand fundamentals for oil and gas remain intact, so this time I'm hanging on to my ERF, COS.UN, PGX.UN, PEY.UN, AET.UN.
      I don't know what's causing this downturn, US stockpiles way above average, sector rotation, shoulder season, but my bet is by the end of the year will see much higher prices in oil and gas, and, consequently, in the prices of CRTs.

      ERF and the other CRTs I'm holding are pretty solid, and should be able to maintain distributions.

      JMHO

      Good Luck to All




      cber11

 
ERF
18.20-0.77(-4.06%)Oct 1 4:00 PMEDT

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