ERF, Enerplus update

erf mar 3  2016

In previous blogs I never went back in time far enough. Hopefully this chart does. We are looking at one huge A-B-C flat. Presently we have gone slightly below the ideal target and got there a little early. But in all other respects this looks like a completed structure. A new bull should be starting now.

With a low at $2.66 there is little room left so , in a sense, the wave count becomes irrelevant. The question is simple will this company survive and as far as I can tell it will.