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

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Post by retiredcfon Mar 03, 2022 7:51am

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Post# 34478164

CIBC Raise Targets

Equity analysts at CIBC World Markets made a series of adjustments to TSX-listed energy stocks in their coverage universe on Thursday.

Their changes included:

Advantage Energy Ltd. ( “neutral”) to $10 from $9. Average: $9.77.
ARC Resources Ltd. ( “outperformer”) to $20 from $18. Average: $19.73.
Baytex Energy Corp. (BTE-T, “neutral”) to $7 from $5. Average: $5.86.
Birchcliff Energy Ltd. ( “neutral”) to $9 from $8. Average: $9.77.
Canadian Natural Resources Ltd. (CNQ-T, “outperformer”) to $80 from $67. Average: $70.43.
Cenovus Energy Inc. (CVE-T, “outperformer”) to $28 from $25. Average: $22.74.
Crescent Point Energy Corp. (CPG-T, “outperformer”) to $13 from $10. Average: $10.64.
Enerflex Ltd. ( “neutral”) to $10 from $9.50. Average: $11.47.
Enerplus Corp. ( “outperformer”) to $20 from $19. Average: $17.81.
Ensign Energy Services Inc. ( “neutral”) to $3.25 from $2.75. Average: $2.74.
Imperial Oil Ltd. ( “neutral”) to $58 from $50. Average: $56.26.
Kelt Exploration Ltd. (“outperformer”) to $7.50 from $7. Average: $7.45.
MEG Energy Corp. (MEG-T, “neutral”) to $20 from $17. Average: $18.50.
NuVista Energy Ltd. (NVA-T, “outperformer”) to $12 from $10. Average: $11.15.
Peyto Exploration & Development Corp. (PEY-T, “neutral”) to $14.50 from $13.50. Average: $14.15.
PrairieSky Royalty Ltd. ( “neutral”) to $24 from $22. Average: $20.02.
Precision Drilling Corp. ( “neutral”) to $82.50 from $70. Average: $79.73.
Tamarack Valley Energy Ltd. ( “outperformer”) to $7 from $6. Average: $6.50.
Topaz Energy Corp. ( “outperformer”) to $23 from $22. Average: $24.25.
Tourmaline Oil Corp. ( “outperformer”) to $65 from $60. Average: $65.58.
Vermilion Energy Inc. ( “neutral”) to $25 from $19. Average: $22.67.
Whitecap Resources Inc. (“outperformer”) to $13 from $11. Average: $12.27