January 17, 2018 / 1:39 PM / a year ago

BUZZ-Barclays favors Enerplus in dull Canadian energy sector

** Barclays chooses oil and gas producer Enerplus Corp as “Top Pick” in otherwise dull Canadian oil market

** Co continues to perform strongly in core Bakken assets, which could grow 20 pct annually

** Barclays expects challenges in Canadian energy sector to persist with already wide price differentials likely to widen

** Remaining defensive on sector with bias toward oil-weighted names like Enerplus - Barclays

** One bright spot for sector, brokerage says, is discounted valuations, which represent attractive entry points for investment ** Enerplus shares have gained ~11 pct over past 12 months, while rivals Obsidian Energy has plunged ~38 pct and Encana Corp ~4 pct (Reporting by Yashaswini Swamynathan in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below