Sheldon Steeves - Enerplus Independent Director

ERF Stock  USD 20.51  0.07  0.34%   

Director

Mr. Sheldon B. Steeves is an Independent Director of Enerplus Corporationrationration. Mr. Steeves has over 40 years of experience in the North American oil and gas industry and is currently a corporate director. From January 2001 until April 2012, Mr. Steeves was Chairman and Chief Executive Officer of Echoex Ltd., a junior private oil and gas company focused on greenfield organic growth in Western Canada since 2012.
Age 67
Tenure 12 years
Address The Dome Tower, Calgary, AB, Canada, T2P 2Z1
Phone403-298-2200
Webhttps://www.enerplus.com
Steeves spent over 15 years at Renaissance Energy Ltd. where he was appointed Chief Operating Officer in 1997. He holds a BS in Geology from the University of Calgary.

Enerplus Management Efficiency

The company has Return on Asset of 0.1812 % which means that on every $100 spent on assets, it made $0.1812 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.3959 %, implying that it generated $0.3959 on every 100 dollars invested. Enerplus' management efficiency ratios could be used to measure how well Enerplus manages its routine affairs as well as how well it operates its assets and liabilities. The Enerplus' current Return On Tangible Assets is estimated to increase to 0.23. The Enerplus' current Return On Capital Employed is estimated to increase to 0.39. At this time, Enerplus' Other Assets are most likely to increase significantly in the upcoming years. The Enerplus' current Net Tangible Assets is estimated to increase to about 1.3 B, while Total Current Assets are projected to decrease to roughly 218.9 M.
The company has 212.45 M in debt with debt to equity (D/E) ratio of 0.5, which is OK given its current industry classification. Enerplus has a current ratio of 0.64, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Enerplus until it has trouble settling it off, either with new capital or with free cash flow. So, Enerplus' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enerplus sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enerplus to invest in growth at high rates of return. When we think about Enerplus' use of debt, we should always consider it together with cash and equity.

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Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada. Enerplus Corp operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 435 people. Enerplus (ERF) is traded on New York Stock Exchange in USA. It is located in The Dome Tower, Calgary, AB, Canada, T2P 2Z1 and employs 404 people. Enerplus is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Enerplus Leadership Team

Elected by the shareholders, the Enerplus' board of directors comprises two types of representatives: Enerplus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enerplus. The board's role is to monitor Enerplus' management team and ensure that shareholders' interests are well served. Enerplus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Enerplus' outside directors are responsible for providing unbiased perspectives on the board's policies.
John Hoffman, Vice President - Canadian Operations
Jeffrey Sheets, Independent Director
Wade Hutchings, Chief Operating Officer, Senior Vice President
Susan MacKenzie, Independent Director
JoAnne Caza, Vice President - Corporate & Investor Relations
David McCoy, Vice President - Corporate Services, General Counsel & Corporate Secretary
Robert Hodgins, Independent Director
Pamela Ramotowski, Vice Culture
Nathan Fisher, Vice President - U.S. Development and Geosciences
Shaina Morihira, Vice President - Finance
Edward McLaughlin, President - U.S. Operations
Lisa Ower, Vice President - Human Resources
Scott Walsh, Vice President - Information and Corporate Services
Ian Dundas, President, Chief Executive Officer, Director
Sheldon Steeves, Independent Director
David Barr, Independent Director
James Fraser, Independent Director
Jeff Sheets, Director
Drew Mair, Manager, Investor Relations
Elliott Pew, Independent Director
Garth Doll, Vice President of Marketing
Llb BComm, General VP
Michael Politeski, Controller - Finance
Eric Dain, Senior Vice President - Strategic Planning, Reserves and Marketing
Daniel Fitzgerald, Vice President - Business Development
Kenneth Young, Vice President - Land
Robert Kehrig, Vice President - Resource Development
Terry Eichinger, Vice President - U.S. Operations and Engineering
Karen ClarkeWhistler, Independent Director
BCom BComm, CEO Pres
Jodine Labrie, Chief Financial Officer, Senior Vice President
Glen Roane, Independent Director
Judith Buie, Independent Director
Michael Culbert, Independent Director
Hilary Foulkes, Independent Chairman of the Board
Raymond Daniels, Senior Vice President - Operations, People and Culture

Enerplus Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Enerplus a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Enerplus

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enerplus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enerplus will appreciate offsetting losses from the drop in the long position's value.

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Moving against Enerplus Stock

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The ability to find closely correlated positions to Enerplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerplus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enerplus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enerplus to buy it.
The correlation of Enerplus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enerplus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerplus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enerplus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Enerplus is a strong investment it is important to analyze Enerplus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Enerplus' future performance. For an informed investment choice regarding Enerplus Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.
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Is Enerplus' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enerplus. If investors know Enerplus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enerplus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.60)
Dividend Share
0.23
Earnings Share
2.09
Revenue Per Share
7.229
Quarterly Revenue Growth
(0.21)
The market value of Enerplus is measured differently than its book value, which is the value of Enerplus that is recorded on the company's balance sheet. Investors also form their own opinion of Enerplus' value that differs from its market value or its book value, called intrinsic value, which is Enerplus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enerplus' market value can be influenced by many factors that don't directly affect Enerplus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enerplus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerplus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerplus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.