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

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Post by therealDonaldon Mar 14, 2021 7:32pm

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Post# 32796013

Multi-decade oil price downtrend is broken

https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2021/03/13/weekly-technical-crude-oil-price-forecast-ignore-short-term-noise-a-multi-decade-downtrend-is-broken.html

Crude oil prices have broken the January 2020 high, and in doing so, have overcome the descending trendline from the July 2008 (all-time high) and June 2014 highs. As noted previously, “achieving 65.65 would be a meaningful bullish technical development. A significant bottom may be in place soon for crude oil prices.” These conditions have been met. Any setbacks – including last week’s sideways price action – should be viewed in this context. From this strategist’s perspective, traders should ignore short-term noise and focus on the fact that a multi-decade downtrend has been broken in a meaningful manner.