Enerplus Corp 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.

TSX:ERF - Post by User

Enerplus Corp

<< Previous

Bullboard Posts

Next >>

Post by retiredcfon Jul 26, 2022 11:00am

196 Views

Post# 34851004

RBC

July 25, 2022

Enerplus Corporation 2Q Preview

NYSE: ERF | USD 12.50 | Outperform | Price Target USD 20.00

Sentiment: Neutral

Enerplus will report its second-quarter results on Thursday, August 4, after market close.

2Q Preview

RBC is generally in line with Street consensus on CFPS and production volumes, while at the high end on capital spending.

Conference Call

• Time: 11:00 am ET, Friday, August 5
• Dial-in: (888) 390-0546 (Conference ID: 73519318) • Replay: (888) 390-0541 (Passcode: 519318 #)

Observations

• Our second-quarter production estimates include US oil & liquids production of 50,500 bbl/d and 210 mmcf/d of US natural gas production.

In the context of US$109/bbl WTI and US$7.41/mmBtu Henry Hub, we forecast the company’s second-quarter oil and liquids realizations at $99.60/bbl, with natural gas realizations of $6.49/mcf.
Also included in our outlook is second-quarter capital spending of $165 million, $20 million in cash taxes, and realized hedging losses of $143 million.
For our full 2Q preview across our coverage universe, please see 2Q Preview—Big Cash Flows Approaching, Very Big.
For our latest update on Enerplus, please see see Highlights from the RBC Global Energy, Power and Infrastructure Conference.
Please refer to Exhibit 1 for a detailed look at our second-quarter estimates.