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.

TSX:ERF - Post by User

Enerplus Corp > Hang In There

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Comment by retiredcfon Mar 03, 2024 3:37pm

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Post# 35912195

RE:Hang In There

Obviously something came up to prevent Nuttall from appearing as scheduled last Friday. GLTA

In one of your answers yesterday, you intimated that the sale of Enerplus might not be a done deal.... Do you know who the largest shareholders of ERF are ? As an ERF shareholder, I agree with your assessment that this is not a great deal.

We need to see the circular when released to get some more info. Royal Bank (via funds) owns 4.7% of ERF. Wellington owns 4.2%. Kimmerridge Energy owns 3.8%. Vanguard owns 3.8%. Insiders own about 2%. Control is certainly in the market. We think CHRD should have offered more cash here. The deal becomes less attractive to ERF as its stock declines. (5iResearch)

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