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.

TSX:ERF - Post by User

Enerplus Corp

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Post by MyHoneyPoton Sep 02, 2021 10:34pm

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Post# 33807939

ERF Marcellus Gas Production basicly unhedged

Gas production basicly 262,000 Mcf/d or about 43,600

Gas Price currently around $4.60 US or about 27.60 boe U.S. or 34.70 Canadian

Daily = 43600 * 27.60 = 1.2 million dollars day

Or 1.2 million * 90 = 108 million US a quater or 136 million canadian. Quater

ERF gas is basicly unhedged in November and December and it has a 6 dollar US upper collar.

This looks like a winfall with current natural gas prices.

IMHO

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