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Enerplus Corp ERF


Primary Symbol: 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 therealDonaldon Feb 02, 2022 3:29pm
171 Views
Post# 34390420

RE:Stock is approaching.......

RE:Stock is approaching.......

ERF has a lot of cards it could play. 

The current valuation is attractive on a CF basis compared to its peers.

The debt/CF is lower then most as well.

It could be taken out entirely by a larger entity. Merge with another. Or sell Marcellus or the Canadian assets. 

It could raise the dividend, continue the share buy back, impose a variable dividend and link it to WTI, special dividend...

It could use its balance sheet to acquire assets for cash. 

If you think oil price will remain strong for the next while, I agree there is no point trying to daytrade this. It's one press release away from $20+


 

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