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.

TSX:ERF - Post by User

Enerplus Corp > New Press Release - Enerplus to Present at the 51st Annual Scotia Howard Weil Energy Conference - March 7

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Comment by ROIcrusaderon Mar 10, 2023 2:47pm

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Post# 35331376

RE:New Press Release - Enerplus to Present at the 51st Annual Scotia Howard Weil Energy Conference - March 7

What else does a guy do on a Friday afternoon than listen to a presentation on Enerplus. The highlights:

222m net debt Exit 2022

2023 Est WTI 80
550m Capex
450-460m FCF (14% FCF Yield)
60% Shareholder returns (divy + buybacks prioritizing buybacks given market not recognizing value)
40% Balance sheet strength
3-5% production growth

10 yrs Tier 1 inventory, breakeven $55WTI
Lower Marcellus production given lower gas prices

Exceptional takeaway w $1 premium to WTI to last for forseeable future

243m -> 217m shares outsanding 2022 (my est 198m exit 2023)

10% NCIB in place for 2023

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