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 > Current Offer Price

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Comment by matt2018on Feb 25, 2024 11:31pm

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Post# 35898377

RE:RE:RE:Current Offer Price

I agree, it is a lowball offer.
The first offer is usually not the last.
The top 10 funds that own good chunk of shares may get on board if they sweeten the cash portion.
Chord could eat the $185M debt and ERF could distribute whatever the cash balance is on closing.
That could add another $0.30 US

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