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Enerplus Corp ERF


Primary Symbol: 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 marcroberton Feb 09, 2024 1:14pm
293 Views
Post# 35872677

Price Target Cut to C$27.75/Share From C$30.50 by Stifel

Price Target Cut to C$27.75/Share From C$30.50 by Stifel <div> Fri Feb 09 12:29:33 2024 EDT</div> <div> 020924 17:29 -- GMT SID(DJB02M9Y40209)</div> <div> DJ Enerplus Corp. Price Target Cut to C$27.75/Share From C$30.50 by Stifel Nicolaus<br /> <br /> what&#39;s happening here? with knowledge of the $3B buy rumor, Stifel trimmed their target to 27.50, so draw your own conclusions - doesn&#39;t sound like anything will be happening at $3B, but it maybe accepts the possibility that the runway to $30.50 could be cut short buy an offer, and as soon as erf responds to this "opening bid" it becomes material information and news release to follow.&nbsp;&nbsp;</div>
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