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 > The backdrop has changed in past month

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Post by exprohibition18on Oct 14, 2020 6:53pm

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Post# 31718509

The backdrop has changed in past month

nat gas near $3.00 US and Wti back above $40 US is one thing , but there are many others

US acqusiition and consoldiation cycle appears to have ignited . Today COP announces play for Concho (Permian) . In Canada Whitecap acquired NAL , a smart acqusition for achieving the dual objectives of growth and delveraging

One of the huge appeals in being lower net debt than even an Arc Rrsources is the attractiveness of our balance sheet .

And on valuation metrics - our tiny sliver of equity for 80+ K boe is starting to stand out ....

just my 2 cents .

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