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

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TSX:ERF - Post Discussion

Enerplus Corp > Why the price surge ? Any news ?

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Post by Squint1 on Feb 08, 2024 10:44am

Why the price surge ? Any news ?

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Comment by calaltacan on Feb 08, 2024 10:52am

Devon Energy made bid to take them over.

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Comment by retiredcf on Feb 08, 2024 11:00am

U.S. oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with the matter said on Thursday. Such a combination would continue the dealmaking spree seen in the North American oil patch in recent months, which has included many of Devon's rivals -- including Exxon Mobil, Chevron and ...more

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Comment by Squint1 on Feb 08, 2024 11:28am

Recent analyst target prices seem to range from $19 to $22 per share which is roughly 4.2 to 4.8 times 2015 estimated cash flow of $4.57 per share.

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Comment by Squint1 on Feb 08, 2024 11:32am

Corrected : Recent analyst target prices seem to range from $19 to $22 per share which is roughly 4.2 to 4.8 times 2025 estimated cash flow of $4.57 per share.

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