RE:RE:SGY AMONG MANY OTHER OILS WILL SOON DISAPPEARcender wrote: did you notice some dummy bought 5600 boe/day from enerplus at 33k per flowing yesterday , it seems there are still those who want hydrocarbons even though enerplus is only valued at under 20k per flowing oil/ng combined ... i just thought this to be quite revealing at how distorted this market has become , the listed market value/enterprise value is far below current sale prices
cender; I think that you are comparing Apples to Potatoes!
For abt. $193m Enerplus sold abt. 5,400 flowing BOE of NG (98%) production PLUS the associated Infrastructure, Acreage and Reserves.
https://web.tmxmoney.com/article.php?newsid=81699854&qm_symbol=ERF It’s not possible for me to be 100% certain but I suspect that this is their “Deep Basin – Wilrich” assets described on page 30 of the Dec 2015 Corporate Presentation that can be found here.
https://investors.enerplus.com/download/Investor+Update_December+2015.pdf I have been a SGY shareholder since the Longview acquisition and although I am currently seriously underwater (ACB $3.61) I have been adding to my position a bit at a time on weakness.
There is now way to accurately predict when the Oil market will recover but at some point it will. In my “opinion” Surge will be among the survivors and be in a position to do very well.
As Always; Do Your Own Due Diligence; It’s Your Money !!