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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... see more

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Enerplus Corp > BNN Blurb

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Post by retiredcf on Feb 18, 2022 8:36am

BNN Blurb

The price of West Texas Intermediate crude slipped below US$90 per barrel today for the first time this week. Geopolitics continue to be at play, now with a bit of hope on the Russia-Ukraine diplomacy front after the U.S. State Department said Secretary Antony Blinken is planning to meet with his Russian counterpart next week. Separately, for those who may be worried that shale producers won’t be able to resist the urge to drill, check out this quote from Scott Sheffield, who leads Pioneer Natural Resources: “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans,” he told Bloomberg Television. He also suggested U.S. President Joe Biden would be out of luck if he calls asking Pioneer to ramp up output: “I’ll tell him we have a pact. It’s all about the shareholders.”

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