Enerplus Corp ERF

Primary Symbol: T.ERF

Energy Oil & Gas E&P

Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of the Bakken/Three Forks light oil shale play where it holds approximately 235,600 net acres in North Dakota. The acreage is primarily located across the Fort Berthold Indian Reservation, as well as in Williams and Dunn Counties. It holds an interest in approximately 32,500 net acres in the dry gas window of the Marcellus shale in northeast Pennsylvania. This non-operated position is located in Susquehanna, Bradford, Wyoming, Sullivan and Lycoming counties.

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Enerplus Corp > Q4/reserves

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Comment by therealDonaldon Feb 19, 2021 7:51pm

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Post# 32616769

RE:RE:Q4/reserves

Most oil companies hedges are out of the money for now, the Bruin swap they had to eat is the worst, but likely contributed to the fire sale price they got the company for.

I expect if oil price rips, then they get busy with the rig and digress from the maintenance model most are planning.

The market is confused, wondering what just happened(2020)? where are we (today)? and where are we going(2022)?

ERF emerged stronger and by this time next year will be cash flowing a small mountain. God willing.