Enerplus Corp 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 > Analyst Recommendation

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Post by retiredcfon Jul 31, 2021 1:32pm

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Post# 33637224

Analyst Recommendation

https://www.bnnbloomberg.ca/video/eric-nuttall-discusses-enerplus~2251593

BUY

Enerplus Corp(ERF-T)

29/07/2021

Probably will double still. Stock is still cheap. Where is the best upside is the question. The upside will come from the management's signal for return of capital. Trades at 2.6x EV to cashflow. Trading at 25% free cashflow yield with 10 year drilling inventory. If production is kept flat, they could privatize and take themselves private many times over before going through their inventory. Could be an $18 stock.

OIL / GAS

Eric Nuttall

$7.750

Owned

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