Bullboard - Stock Discussion Forum 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... see more

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Enerplus Corp > Another Upgrade

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Post by retiredcf on Apr 14, 2022 9:47am

Another Upgrade

Stifel’s Cody Kwong hiked his Enerplus Corp. target to $26.50 from $24 with a “buy” rating. The average is $20.17.

“Enerplus hosted an in-person investor presentation where it focused on the merits on the economics, operations, and sustainability of its North Dakota Bakken play,” he said. “We came away with the belief that the market is significantly underestimating the depth and quality of its inventory as well as the process/controls the company has in place to extract the maximum value out of its assets. The Company’s clear vision and thoughtful execution only reaffirms our view that Enerplus is a Top Idea in the North American E&P landscape.”

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