Enerplus Corp 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 > Nutall Details

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Post by retiredcfon Oct 27, 2023 4:00pm

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Post# 35704877

Nutall Details

Last stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2795346

Enerplus (ERF TSX)

Enerplus is a near debt-free oil company with 15 years of Bakken inventory and is currently returning at least 60 per cent of free cash flow back to investors. Trading at a 3X EV/CF multiple at $80WTI and a 16 per cent free cash flow yield, we see meaningful upside to our target of 5X EV/CF = $28.50 = 66 per cent potential upside

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