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Enerplus Corporation Message Board

reit_guru 13 posts  |  Last Activity: Dec 20, 2014 11:42 AM Member since: Sep 25, 2007
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  • reit_guru reit_guru Dec 20, 2014 11:42 AM Flag

    You should apply for a job on the new Seinfeld show. You're perfect for the role of "Cosmo Kramer." Although you'd probably also be a pretty good "George". That's what has changed.

  • We won't forget to thank the lord for delivering us from our ruthless enemies. In 2015 we each promise to do a significant amount of charity, donating cash or the sweat of our brow towards helping the weak, sick, or otherwise unfortunate. This is what distinguishes us from our greedy enemies. Amen.

  • Reply to

    Ok, who is next?

    by gerry189 Dec 16, 2014 7:23 PM
    reit_guru reit_guru Dec 16, 2014 8:17 PM Flag

    PWE and PGH

  • Reply to

    Geismar

    by joebo246 Dec 2, 2014 8:29 AM
    reit_guru reit_guru Dec 9, 2014 11:42 PM Flag

    That's really funny. Sounds like I should visit this place, too.But I wouldn't want to get too close to the WPZ plant there :)

  • Credit Swiss came out with a very negative report on MEP saying that management disappointed them, then they said the stock is worth $21/share. Now the management has been replaced. I think MEP is worth $25 easily. Where else can we get such a solid yield with 16%/year GROWTH ?! The only company that comes close is OLP, but it is smaller and a bit more risky, renting commercial real estate.

  • Reply to

    Buy at $1.70 and sell at $2.30?

    by redtr4 Dec 3, 2014 6:34 AM
    reit_guru reit_guru Dec 5, 2014 3:38 PM Flag

    Yes, I agree, $5 a share is outlandishly low. But everyone is entitled to their opinion. $10 is more realistic.

  • Reply to

    Geismar

    by joebo246 Dec 2, 2014 8:29 AM
    reit_guru reit_guru Dec 5, 2014 12:09 PM Flag

    If the investigators report shows that WPZ was negligent in any way (enough that 1 employee was drunk ?), then the insurance company won't have to pay for the damages due to the huge explosion at Geismar, and WPZ will lose almost a billion $. Will that bankrupt WPZ ? Will WMB (who rammed this troubled asset down WPZ's throat at a hefty price) step in to bail out WPZ ?

  • Reply to

    earnings forecast

    by jeberry Dec 4, 2014 6:06 PM
    reit_guru reit_guru Dec 5, 2014 11:30 AM Flag

    The giant Enbridge owns over 50% of this stock, and Enbridge will make sure earning are always higher and higher until MEP is $50/share (and then they will sell !!). Enbridge can drop down valuable assets for bargain prices, and MEP can finance them at ridiculously low interest rates. Its rigged.... but we little guys can join in for a free ride.

  • Reply to

    WPZ SHARES

    by lonestararuba Nov 11, 2014 2:23 PM
    reit_guru reit_guru Dec 1, 2014 5:29 PM Flag

    I don't go around calling people "idiots", but WPZ is in the 40's now, like these wise posters were predicting a week or more ago. And I agree with them that this artificially imposed merger does resemble a scam. They are substantially reducing our distributions, while previously there was a promise to increase them. A lot of investors (mainly retired) need to be able to rely on distributions, and some degree of certainty that they won't be cut, to maintain their day to day life. Now WPZ has shown that they cannot be trusted anymore. Its been a good 10 years, but its over.

  • Reply to

    WPZ SHARES

    by lonestararuba Nov 11, 2014 2:23 PM
    reit_guru reit_guru Nov 22, 2014 12:46 PM Flag

    Wait until the news comes out about the insurance company refusing to pay 500 million damages for the huge explosions last year on that troubled facility that WMB rammed down WPZ's throat. I forgot how to spell it: Geizner ?

  • This POS will definitely go down to the 40's, and after the scam "merger" the equivalent price of old WPZ shares could be in the 30's. There are several lawsuits by WPZ shareholders who realize how badly they are getting shafted, and maybe they can stop the rip off ? Otherwise we will short this. I like how after dropping the dividend by 20% they try to smooth it over by saying: "don't panic, if we have a good year, we will raise it back 10%", yeah, right, like we're going to trust them a second time !

  • (1) Distribution will go down almost 30%
    (2) Tangible assets per share will drop even moire.
    In my humble opinion, its like stealing 30% of our money. I thank whoever was manipulating the share price up today to make it look attractive. I dumped and put my money in MEP. MEP is managed by Enbridge, who were voted most trustworthy management. And they promised to INCREASE distributions at an annual rate of 16%, and so far have done so (4% per quarter). Also, MEP is very conservative, with just gas pipelines. No processing or "cracking" which depends on the crack spreads which can go up and down. Distribution is locked in at long term contracts, with inflation adjustments, and volume growth (as the population grows, or as utilities convert polluting coal to clean NG).

    Well, I thank Williams for a good ride these past years, but all good things come to an end. My new "horse" for riding the next few years is MEP.

    Cheers !!!

  • Reply to

    oil prices

    by lwinv10 Oct 24, 2014 4:44 PM
    reit_guru reit_guru Oct 26, 2014 3:11 AM Flag

    One big explosion in the middle east, and we could go back to $90 to $100 in 1 hour.

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