Introduction
Whenever commodity prices crash as oil has done recently, it evidently provides investors with various contrarian investment opportunities. Whilst finding a listed oil and gas company whose share price has plunged recently takes no skills, the trick so to speak is ascertaining their probability of surviving to see any recovery and thus desirability. One such desirable contrarian opportunity that has seen their share price more than halve is Enerplus (ERF), who offers investors the two most important aspects that I seek when analyzing potential contrarian investments.
Cash Flows & Debt
Thankfully the