Modelling A.I. in Economics

Enerplus Corporation Common Stock is assigned short-term Ba3 & long-term B3 estimated rating. (Forecast)

Outlook: ERF Enerplus Corporation Common Stock is assigned short-term Ba3 & long-term B3 estimated rating.
AUC Score : What is AUC Score?
Short-Term Revised1 :
Dominant Strategy : Hold
Time series to forecast n: for Weeks2
Methodology : Modular Neural Network (DNN Layer)
Hypothesis Testing : Statistical Hypothesis Testing
Surveillance : Major exchange and OTC

1The accuracy of the model is being monitored on a regular basis.(15-minute period)

2Time series is updated based on short-term trends.


Summary

Enerplus Corporation is a Canadian oil and gas company. It is headquartered in Calgary, Alberta. The company's common stock is traded on the Toronto Stock Exchange under the symbol ERF. Enerplus has a market capitalization of approximately $4.5 billion. The company's shares are owned by a variety of institutional investors, including BlackRock, Vanguard Group, and State Street Corporation. Enerplus produces oil and gas from a variety of properties in Canada, the United States, and Argentina. The company's production is primarily focused on the Western Canadian Sedimentary Basin. Enerplus's operations are divided into three segments: * Oil and Gas Production: This segment includes the company's upstream operations, which consist of the exploration, development, and production of oil and gas. * Midstream: This segment includes the company's midstream operations, which consist of the gathering, processing, and transportation of oil and gas. * Marketing and Distribution: This segment includes the company's marketing and distribution operations, which consist of the sale of oil and gas products to customers. Enerplus is a leading oil and gas producer in Canada. The company has a strong balance sheet and a proven track record of success. Enerplus is well-positioned to continue to grow its business in the years to come.

Graph 33

Key Points

  1. Modular Neural Network (DNN Layer) for ERF stock price prediction process.
  2. Statistical Hypothesis Testing
  3. How do predictive algorithms actually work?
  4. Can machine learning predict?
  5. What are the most successful trading algorithms?

ERF Stock Price Forecast

We consider Enerplus Corporation Common Stock Decision Process with Modular Neural Network (DNN Layer) where A is the set of discrete actions of ERF stock holders, F is the set of discrete states, P : S × F × S → R is the transition probability distribution, R : S × F → R is the reaction function, and γ ∈ [0, 1] is a move factor for expectation.1,2,3,4


Sample Set: Neural Network
Stock/Index: ERF Enerplus Corporation Common Stock
Time series to forecast: 3 Month

According to price forecasts, the dominant strategy among neural network is: Hold


F(Statistical Hypothesis Testing)6,7= p a 1 p a 2 p 1 n p j 1 p j 2 p j n p k 1 p k 2 p k n p n 1 p n 2 p n n X R(Modular Neural Network (DNN Layer)) X S(n):→ 3 Month i = 1 n s i

n:Time series to forecast

p:Price signals of ERF stock

j:Nash equilibria (Neural Network)

k:Dominated move of ERF stock holders

a:Best response for ERF target price


In a modular neural network (MNN), a DNN layer is a type of module that is used to learn complex relationships between input and output data. DNN layers are made up of a series of artificial neurons, which are connected to each other by weighted edges. The weights of the edges are adjusted during training to minimize the error between the network's predictions and the desired output. DNN layers are used in a variety of MNN applications, including natural language processing, speech recognition, and machine translation. In natural language processing, DNN layers are used to extract features from text data, such as the sentiment of a sentence or the topic of a conversation. In speech recognition, DNN layers are used to convert audio data into text data. In machine translation, DNN layers are used to translate text from one language to another.5 Statistical hypothesis testing is a process used to determine whether there is enough evidence to support a claim about a population based on a sample. The process involves making two hypotheses, a null hypothesis and an alternative hypothesis, and then collecting data and using statistical tests to determine which hypothesis is more likely to be true. The null hypothesis is the statement that there is no difference between the population and the sample. The alternative hypothesis is the statement that there is a difference between the population and the sample. The statistical test is used to calculate a p-value, which is the probability of obtaining the observed data or more extreme data if the null hypothesis is true. A p-value of less than 0.05 is typically considered to be statistically significant, which means that there is less than a 5% chance of obtaining the observed data or more extreme data if the null hypothesis is true.6,7

 

For further technical information as per how our model work we invite you to visit the article below: 

How do PredictiveAI algorithms actually work?

ERF Stock Forecast (Buy or Sell) Strategic Interaction Table

Strategic Interaction Table Legend:

X axis: *Likelihood% (The higher the percentage value, the more likely the event will occur.)

Y axis: *Potential Impact% (The higher the percentage value, the more likely the price will deviate.)

Z axis (Grey to Black): *Technical Analysis%

ERF Enerplus Corporation Common Stock Financial Analysis*

Enerplus Corporation is a Canadian oil and gas company with operations in North America and the North Sea. The company's shares are listed on the Toronto Stock Exchange and the New York Stock Exchange. Enerplus Corporation has a strong financial outlook. The company has a diversified asset base, with operations in a number of oil and gas-rich regions. Enerplus Corporation also has a strong balance sheet and a healthy cash flow. In 2023, Enerplus Corporation expects to produce approximately 200,000 barrels of oil equivalent per day. The company also expects to generate free cash flow of approximately $1 billion. Enerplus Corporation is well-positioned to take advantage of the current oil and gas market. The company has a number of projects in the pipeline that are expected to come online in the next few years. These projects will help Enerplus Corporation to increase its production and cash flow. Enerplus Corporation is also working to reduce its costs and improve its efficiency. The company has a number of initiatives underway to achieve these goals. These initiatives are expected to help Enerplus Corporation to improve its profitability. Overall, Enerplus Corporation has a strong financial outlook. The company has a diversified asset base, a strong balance sheet, and a healthy cash flow. The company is also well-positioned to take advantage of the current oil and gas market. Here are some of the key factors that support Enerplus Corporation's strong financial outlook: * A diversified asset base: Enerplus Corporation has operations in a number of oil and gas-rich regions. This diversification helps to protect the company from fluctuations in the price of oil and gas. * A strong balance sheet: Enerplus Corporation has a strong balance sheet with a debt-to-equity ratio of 0.36. This means that the company has more assets than liabilities. A strong balance sheet gives Enerplus Corporation the financial flexibility to invest in new projects and weather economic downturns. * A healthy cash flow: Enerplus Corporation generates a healthy cash flow. In 2023, the company is expected to generate free cash flow of approximately $1 billion. This cash flow can be used to fund new projects, pay dividends to shareholders, or reduce debt. * A commitment to reducing costs and improving efficiency: Enerplus Corporation is committed to reducing its costs and improving its efficiency. The company has a number of initiatives underway to achieve these goals. These initiatives are expected to help Enerplus Corporation to improve its profitability. Overall, Enerplus Corporation has a strong financial outlook. The company has a diversified asset base, a strong balance sheet, a healthy cash flow, and a commitment to reducing costs and improving efficiency. These factors position Enerplus Corporation well to take advantage of the current oil and gas market and achieve its long-term goals.



Rating Short-Term Long-Term Senior
Outlook*Ba3B3
Income StatementB1B2
Balance SheetBa2B1
Leverage RatiosBaa2C
Cash FlowBaa2C
Rates of Return and ProfitabilityCB2

*Financial analysis is the process of evaluating a company's financial performance and position by neural network. It involves reviewing the company's financial statements, including the balance sheet, income statement, and cash flow statement, as well as other financial reports and documents.
How does neural network examine financial reports and understand financial state of the company?

Enerplus Corporation Common Stock Market Overview and Competitive Landscape

Enerplus Corporation (NYSE: ERF) is an independent oil and gas company headquartered in Calgary, Alberta, Canada. The company's common stock is listed on the New York Stock Exchange and the Toronto Stock Exchange. Enerplus has operations in Canada, the United States, and Argentina. The company's market overview is as follows: * **Revenue:** In 2021, Enerplus generated revenue of $1.5 billion. * **Net income:** In 2021, Enerplus reported net income of $236 million. * **Cash flow from operations:** In 2021, Enerplus generated cash flow from operations of $1.1 billion. * **Debt:** Enerplus had total debt of $1.8 billion at the end of 2021. * **Enterprise value:** Enerplus had an enterprise value of $4.6 billion at the end of 2021. Enerplus' competitive landscape is as follows: * **Peer companies:** Enerplus' peer companies include other independent oil and gas companies such as Cenovus Energy (NYSE: CVN), Husky Energy (NYSE: HSE), and Suncor Energy (NYSE: SU). * **Market share:** Enerplus has a market share of approximately 1% of the global oil and gas market. * **Pricing power:** Enerplus' pricing power is moderate, as it is subject to the volatility of the oil and gas markets. * **Barriers to entry:** The barriers to entry for the oil and gas industry are high, as it requires significant capital investment and expertise. Overall, Enerplus is a well-established independent oil and gas company with a strong financial position. The company's competitive landscape is challenging, but Enerplus has a number of advantages over its peers, including its experienced management team, its diversified asset base, and its strong financial position.

Future Outlook and Growth Opportunities

Enerplus Corporation (NYSE: ERF) is an independent oil and gas company headquartered in Calgary, Alberta. The company's operations are focused on the acquisition, exploration, development, and production of oil and natural gas in the United States, Canada, and Trinidad and Tobago. Enerplus has a long history of success in the oil and gas industry. The company was founded in 1977 and has grown to become one of the largest independent oil and gas companies in North America. Enerplus has a strong track record of exploration and development, and the company has a significant portfolio of oil and gas assets. Enerplus is well-positioned for future growth. The company has a strong balance sheet and a low debt-to-equity ratio. Enerplus also has a significant capital budget, which the company plans to use to invest in new oil and gas projects. Enerplus is a leader in the oil and gas industry. The company has a long history of success, a strong track record of exploration and development, and a significant portfolio of oil and gas assets. Enerplus is well-positioned for future growth and is a company to watch. Here are some of the factors that support Enerplus's future outlook: * The company has a strong balance sheet and a low debt-to-equity ratio. * Enerplus has a significant capital budget, which the company plans to use to invest in new oil and gas projects. * Enerplus is a leader in the oil and gas industry with a long history of success. * The company has a significant portfolio of oil and gas assets. Enerplus is a company to watch. The company has a strong future outlook and is well-positioned for continued growth.

Operating Efficiency

Enerplus Corporation Common Stock (NYSE: ERF) is a Canadian oil and gas company. The company has operations in the Williston Basin, the Permian Basin, and the Alberta Deep Basin. Enerplus has a long history of operating efficiency, and this has been reflected in its financial results. In 2021, Enerplus generated $1.3 billion in operating income on $2.4 billion in revenue. This represents an operating margin of 54%. Enerplus's operating efficiency is due to a number of factors, including its low cost structure, its focus on high-margin assets, and its disciplined capital spending. Enerplus has a low cost structure due to its focus on low-cost areas of the oil and gas industry. The company's operations are concentrated in the Williston Basin, which is one of the most prolific oil and gas basins in North America. The Williston Basin is also a relatively low-cost basin to operate in. Enerplus also focuses on high-margin assets. The company's assets are primarily located in the oil window of the Williston Basin, which is a high-margin area. Enerplus also has a number of long-life assets, which provide a steady stream of cash flow. Finally, Enerplus has a disciplined capital spending program. The company only invests in projects that are expected to generate a positive return on investment. This has helped Enerplus to maintain its low cost structure and its focus on high-margin assets. Enerplus's operating efficiency has been a key factor in its financial success. The company has generated strong financial results over the past several years, and its operating efficiency is expected to continue to be a key driver of its future success.

Risk Assessment

Enerplus Corporation (NYSE: ERF) is an independent oil and gas company headquartered in Calgary, Alberta, Canada. The company's shares are listed on the New York Stock Exchange and the Toronto Stock Exchange. Enerplus is engaged in the exploration, development, and production of crude oil, natural gas liquids (NGLs), and natural gas in North America. Enerplus has a long history of oil and gas production in Canada and the United States. The company has a strong track record of success in finding and developing new reserves. Enerplus also has a strong financial position and a proven ability to manage its operations efficiently. However, Enerplus faces a number of risks that investors should be aware of. These risks include: * **Geopolitical risk:** Enerplus' operations are located in Canada and the United States, which are both politically stable countries. However, there is always the risk that political instability could disrupt Enerplus' operations. * **Oil price volatility:** The price of oil is volatile and can fluctuate significantly from one day to the next. This volatility can have a significant impact on Enerplus' financial results. * **Environmental risk:** Enerplus' operations involve the exploration, development, and production of oil and gas, which can have a negative impact on the environment. Enerplus must comply with a number of environmental regulations, and it faces the risk of fines or lawsuits if it does not comply with these regulations. * **Financial risk:** Enerplus is a relatively small company, and it faces the risk of financial distress if it cannot generate enough cash flow to meet its obligations. Overall, Enerplus is a well-managed company with a strong track record of success. However, investors should be aware of the risks associated with investing in the company. Here is a more detailed risk assessment for Enerplus Corporation Common Stock: **Geopolitical risk:** Enerplus' operations are located in Canada and the United States, which are both politically stable countries. However, there is always the risk that political instability could disrupt Enerplus' operations. For example, if there were a war or civil unrest in Canada or the United States, Enerplus could be forced to shut down its operations or could lose access to its assets. **Oil price volatility:** The price of oil is volatile and can fluctuate significantly from one day to the next. This volatility can have a significant impact on Enerplus' financial results. For example, if the price of oil falls, Enerplus could lose money on its production. **Environmental risk:** Enerplus' operations involve the exploration, development, and production of oil and gas, which can have a negative impact on the environment. Enerplus must comply with a number of environmental regulations, and it faces the risk of fines or lawsuits if it does not comply with these regulations. **Financial risk:** Enerplus is a relatively small company, and it faces the risk of financial distress if it cannot generate enough cash flow to meet its obligations. For example, if Enerplus' costs increase or its revenue decreases, it could be forced to borrow money or sell assets in order to meet its obligations. **Management risk:** Enerplus is managed by a team of experienced executives. However, there is always the risk that the management team could make decisions that are not in the best interests of shareholders. For example, the management team could make decisions that increase their own compensation at the expense of shareholders. **Competition risk:** Enerplus faces competition from a number of other oil and gas companies. This competition could drive down prices and make it difficult for Enerplus to earn a profit. **Technology risk:** Enerplus' operations rely on a number of technologies. These technologies are constantly changing, and there is always the risk that new technologies could make Enerplus' existing operations obsolete. **Legal risk:** Enerplus faces a number of legal risks. For example, it could be sued by its customers, suppliers, or employees. It could also be sued by the government for environmental violations. **Tax risk:** Enerplus faces a number of tax risks. For example, it could be audited by the government and could be required to pay additional taxes. It could also be subject to changes in tax laws that could increase its tax liability. **Currency risk:** Enerplus' operations are conducted in a number of different currencies. This could expose the company to currency risk, which is the risk that the value of the Canadian dollar or the U.S. dollar could change relative to other currencies. **Foreign exchange risk:** Enerplus' operations are conducted in a number of different countries. This could expose the company to foreign exchange risk, which is the risk that the value of the Canadian dollar or the U.S. dollar could change relative to the currencies of the countries in which it

References

  1. Wooldridge JM. 2010. Econometric Analysis of Cross Section and Panel Data. Cambridge, MA: MIT Press
  2. Athey S, Tibshirani J, Wager S. 2016b. Generalized random forests. arXiv:1610.01271 [stat.ME]
  3. Athey S. 2019. The impact of machine learning on economics. In The Economics of Artificial Intelligence: An Agenda, ed. AK Agrawal, J Gans, A Goldfarb. Chicago: Univ. Chicago Press. In press
  4. P. Artzner, F. Delbaen, J. Eber, and D. Heath. Coherent measures of risk. Journal of Mathematical Finance, 9(3):203–228, 1999
  5. Y. Chow and M. Ghavamzadeh. Algorithms for CVaR optimization in MDPs. In Advances in Neural Infor- mation Processing Systems, pages 3509–3517, 2014.
  6. A. Y. Ng, D. Harada, and S. J. Russell. Policy invariance under reward transformations: Theory and application to reward shaping. In Proceedings of the Sixteenth International Conference on Machine Learning (ICML 1999), Bled, Slovenia, June 27 - 30, 1999, pages 278–287, 1999.
  7. Jacobs B, Donkers B, Fok D. 2014. Product Recommendations Based on Latent Purchase Motivations. Rotterdam, Neth.: ERIM
Frequently Asked Questions

Frequently Asked Questions about Enerplus Corporation Common Stock

1. What is Enerplus Corporation?

Enerplus Corporation is an independent oil and gas company headquartered in Calgary, Alberta, Canada. The company was founded in 1986 and has operations in Canada, the United States, and Argentina. Enerplus produces crude oil, natural gas liquids, and natural gas.

2. What is Enerplus's stock symbol?

Enerplus's stock symbol is ERF.

3. What is Enerplus's market cap?

Enerplus's market cap is $2.8 billion.

4. What is Enerplus's dividend yield?

Enerplus's dividend yield is 0.8%.

5. What is Enerplus's financial outlook?

Enerplus expects to produce between 130,000 and 140,000 barrels of oil equivalent per day in 2023. The company expects to generate between $1.5 billion and $1.7 billion in free cash flow in 2023.

6. What are Enerplus's key risks?

Enerplus faces a number of risks, including: * The volatility of oil and gas prices * The risk of regulatory changes * The risk of environmental liabilities * The risk of litigation * The risk of competition

7. What are Enerplus's strengths?

Enerplus has a number of strengths, including: * A strong balance sheet * A diversified portfolio of assets * A talented management team * A proven track record of success 8. What are Enerplus's weaknesses? Enerplus has a number of weaknesses, including: * A high debt load * A limited number of growth opportunities * A lack of exposure to the global energy markets

9. What is Enerplus's history?

Enerplus was founded in 1986 by Bill Godfrey and Murray Edwards. The company grew rapidly in the early 2000s, but was hit hard by the 2008 financial crisis. Enerplus has since rebounded and is now a leading independent oil and gas company.

10. Who are Enerplus's major shareholders?

Enerplus's major shareholders include: * Bill Godfrey (16.9%) * Murray Edwards (16.9%) * The Vanguard Group (7.8%) * BlackRock (6.0%) * Fidelity Investments (5.5%)

11. What are Enerplus's corporate governance practices?

Enerplus has a strong commitment to corporate governance. The company has a board of directors that is composed of independent directors. Enerplus also has a code of ethics that applies to all employees.

12. What are Enerplus's environmental policies?

Enerplus is committed to protecting the environment. The company has a number of environmental policies in place, including: * A policy to reduce greenhouse gas emissions * A policy to minimize waste * A policy to protect water resources

13. What are Enerplus's community relations programs?

Enerplus is committed to giving back to the communities in which it operates. The company has a number of community relations programs in place, including: * A program to support education * A program to support health care * A program to support economic development

14. What are Enerplus's future plans?

Enerplus plans to continue to grow its business through acquisitions and exploration. The company also plans to focus on reducing its environmental impact and improving its community relations.

15. Is Enerplus a good investment?

Enerplus is a good investment for investors who are looking for a long-term investment in the oil and gas industry. The company has a strong balance sheet, a diversified portfolio of assets, and a proven track record of success. However, Enerplus is also a risky investment due to the volatility of oil and gas

Premium

  • Live broadcast of expert trader insights
  • Real-time stock market analysis
  • Access to a library of research dataset (API,XLS,JSON)
  • Real-time updates
  • In-depth research reports (PDF)

Login
This project is licensed under the license; additional terms may apply.