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 > Asset sales

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Comment by therealDonaldon Mar 18, 2022 1:23pm

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Post# 34525907

RE:Asset sales

They should have bids by now. The assets might be tough to sell considering where oil has moved, and where suitors are trading. Do you sell these oil assets for 2x CF at 100$ oil?

I would think they would sell for between $300-400mm CDN. Hopefully. I'm ok if the keep them if the bids aren't accretive.

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