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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 ratsnake220on Aug 25, 2022 10:14am
288 Views
Post# 34919602

RE:Gavin Graham

RE:Gavin Grahamretireed cf....this does not have to be complex,,,,if you own a home and your doing well but you have alot of debt associated with it...But your doing well at your job.....So do you pay down the debt....YES....This is what the oil and gas companies have to do and are doing so....Debt redcution improves the financial status...thus re ratings are done through risk management....if you have Banks forcing you to hedge.....its horrible....So as long as ERF and others keep paying down debt then a return to 60 or 70 dollar oil still is profitable.....I am not happy with the levels of debt reduction....and their must come a day when we are paid back for our patience.....thats my thought....What are your thoughts....Do you think ERF is doing enough.....who in this space is not.....?
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