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 geezer21on Apr 21, 2022 11:12pm

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Federal Reserve Chairman Jerome Powell Speaks

Notice that after Federal Reserve Chairman Jerome Powell spoke today about raising interest rates, that while stock markets sold off, tangible assets like copper, oil, gold, natural gas etc., did not drop. They maintained their value. Excess paper in the stock market is divorced from real economy.

Raising interest rates is to prop up the USD. It is not prices that are rising but it is dollars that are devaluing.

Commodities are an inflation hedge against a devaluing dollar.

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Gold, growth and sustainability in focus for Mandalay Resources