Enerplus Corp ERF

Primary Symbol: 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 > Quarterly - Share Buybacks vs. Dividends

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Post by vwbusmanon Feb 23, 2023 5:23pm

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Post# 35302074

Quarterly - Share Buybacks vs. Dividends

Quarterly report is fine but I am questioning going so hard on share buybacks vs. a bump in the dividend. Buybacks really don't seem to move the needle of share price and a higher dividend tends to protect the shares on the downside. I get that there are less shares to pay dividends on after buybacks but I have yet to really see a significant impact from it other than maybe Imperial Oil when they did an SIB.

Others thoughts?

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