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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TSX:ERF - Post Discussion

Enerplus Corp > RBC

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Post by retiredcf on Apr 24, 2022 7:49am

RBC

April 22, 2022

Outperform

NYSE: ERF; USD 13.11; TSX: ERF

Price Target USD 16.00

Enerplus Corporation 1Q Preview

Sentiment: Neutral

Enerplus will report its first-quarter results on Thursday, May 5, after market close.

1Q Preview

RBC is generally in line with Street consensus on CFPS, production volumes and capital spending.

Conference Call:

• Time: 11:00 am ET, Friday, May 6
• (888) 390-0546 (Conference ID: 14832308)
• Replay: (888) 390-0541 (Passcode: 832308 #)

Note: Street consensus estimate based on ERF’s sell-side analyst survey. Source: Enerplus Corp., RBC Capital Markets estimates.

Observations

Our first-quarter production estimates include US oil & liquids production of 49,000 bbl/d and 207 mmcf/d of US natural gas production.
In the context of US$95/bbl WTI and US$4.62/mmBtu Henry Hub, we forecast the company’s first-quarter oil and liquids realizations at $86.28/ bbl, with natural gas realizations of $3.97/mcf.
Also included in our outlook is first-quarter capital spending of $120 million, $5 million in cash taxes, and realized hedging losses of $70 million.