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Bullboard - Stock Discussion Forum Enerplus Corp T.ERF

Alternate Symbol(s):  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... see more

TSX:ERF - Post Discussion

Enerplus Corp > Shares cancelled in December 2022
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Post by vwbusman on Jan 05, 2023 8:04am

Shares cancelled in December 2022

According to SEDI, Enerplus cancelled over 2 million shares in December 2022 - that is about 1% of the float.  Not bad! If they do that monthly over the next year float will be down over 12%  (it was probably reduced by 10% in 2022)

They will have less than 390 million in debt to start the year so things are looking strong for 2023 (despite recent downturn in oil pricing)

Good luck to all longs - ignore the noise and carry on
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Enerplus Corp