After holding this stock for many years and allway impressed about comitment to share holders. If u are interested in compounding ERF divdend for twenty years and see the power in compounding
I see no reason to bale because of sector rotation in the energy sector , lets be real oil and gas are heading in one direction for the past 40 years and soon or later we will see more demand on these products and ERF will be back to $40 , Best advice is belive in yourself as why u purchesed ERF .
Its a great company.
This company has been mismanaged to death but the CEO has proven adept at hanging onto his job, unfortunately for shareholders. NatGas price collapse has not helped, nor will it help in the future. I don't see NatGas going much above $4 in the next few years. The only hope for this company is either to be taken over, highly unlikely, or oil pipeline completions will remove some of the glut in continental US markets allowing for oil price appreciation. This will take a couple of years to work itself out. If you haven't sold ERF yet, there really is no reason to sell now. The worst is over. Hang on and collect the dividend, which is relatively safe since they cut it in half. In a couple of years ERF should be back in the high teens.
ERF share price collapse was not due to sector rotation. This company is far from best of breed. It has made significant strides in the last 6 months or so, that's the reason this is not trading under 9 bucks a share. It along with a bunch of other nat gas heavy stocks got hammered. ERF share price will recover as it becomes more oily. I agree it doesn't make much sense to sell, not because it is going to 40 bucks a share, but that the worst is over.
Thanks for your reply I see this past week ERF along with other are on there way back. I am forcasting another ressession this year when i look at my model's, every five years we go under
could be a good time to be short FYI