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Enerplus Corp T.ERF

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

Comment by CashHungryon Nov 07, 2021 8:11pm
194 Views
Post# 34098121

RE:10X

RE:10XThere are many stocks that could be a 10 Bagger with really high ($150+) oil prices.  Increase CF by 300%, buyback 20% of shares and assume the market expands the EV/CF by a multiple of 2 (to historical norms).  If all this happens the math works out to a valuation bump of 10 times.

I can think of a lot of companies that could do this.  The multiple expansion is not far fetched nor is buying back 20% of shares over a few years.

With regards to increasing CF by 300% there are many pathways to get there including:
  1. Increasing production
  2. Operational efficiency to lower your BE by $10 barrel thru technology and controlling fixed operational costs with high production
  3. Getting better market prices through enhanced egress
  4. And of course sky high oil prices that will be with us for many years
This is why many of you will be multi millionaires if you ride this bull run long enough
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