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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 Lupuslupuson Nov 12, 2022 4:54pm
315 Views
Post# 35094064

RE:Enerplus Moving Corporate Headquarters to US?

RE:Enerplus Moving Corporate Headquarters to US?

Erf changing location of corporate head office will have ZERO impact on the stock IMHO. The only thing that really matters is that they keep executing their business plan and that O&G prices remain stable. If oil can stay@$90 and Gas at $5 they will be printing money

Erf disposing of Canadian assets was more of a political statement to Canadian Government basically saying that the regulatory process is very anti-investment in fossil fuels and even when all the stringent requirements are met, there is no guarantee that any project can have a clear way forward with any large CapEx projects

Erf has great assets and along with other leaders, 2023 should be a transformative year with LT debt being brought down, increased share buybacks ( before the imposed 2% tax - yet another example of Government being VERY business unfriendly with this industry) and then I think re ratings will happen.
of course this is assuming that O&G prices remain at current levels 

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