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

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Post by Kpitrealon Mar 03, 2024 4:10pm

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Post# 35912222

ERF approx value on closing

$ERF Merger Summary #com #oott $CHRD Closed Feb 20 $163.75usd X .10125 = $16.58 Cash portion on closing in June $1.84usd $ERF Ex div Mar 4 0.065 usd $CHRD div Mar $3.25 x .10125 = 0.33usd Total $18.815us or $25.36cn On close $CHRD 60m shares out, 75% fcf back to shareholders. CHRD looks good from here with only 400m in debt. THe buyback values are similar to what we would have received from ERF.

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Advancing flagship Ishkõday Gold Project in Ontario