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 Nov 04, 2021 6:27pm

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Post# 34089335

2021 FCF Estimate $540 million dollars

If they buy back 7% of the shares in Q4/Q1 that leaves about 200 million shares or rought $2.70 a share in FCF, at strip prices.

Strip prices are a lot less than current prices, so FCF per share could be in the $3 dollar range. This is why Eric Nuttal owns 5 million shares of ERF and it is an over weight position in his fund.

This share are way to cheap, and expect new liquids production unhedges, and a big winfall from the Marcelous in the 4th quater.

IMHO

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