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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

Post by retiredcfon Feb 26, 2023 12:54pm
192 Views
Post# 35305868

Analyst Recommendation

Analyst RecommendationSecond stock in the clip; he also owns it personally. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-past-picks~2635307

ENERPLUS (ERF TSX)

  • Then: $17.20
  • Now: $21.40
  • Return: 24%
  • Total Return: 26%
PAST TOP PICK
Enerplus Corp(ERF-T)
24/02/2023
 
(A Top Pick Mar 04/22, Up 26%)
Pure USA Bakken & Marcellus play.
12-15 years of drilling inventory.
Trading at 2.2x times cash flow (fair value = 5x).
Expecting meaningful appreciation of shares.
Oil / Gas
 
Eric Nuttall
$21.830
Owned

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