Enerplus Corp T.ERF

Journey

[therealDonald]

So I see Erf is in the business of financing other companies acquisitions before providing its own shareholders with a meaningful dividend.

[fullyautomatic]

Haha yeah kinda looks that way doesn't it.. I sold awhile back so no skin for me anymore, but it's a very strange deal. Must not have been that much interest?

[therealDonald]

If there was little interest, then spin it out and give the shares to the existing erf shareholders. There's 9k boed of mostly oil in Canada. No point giving it away. 

[FrankCannon]

real story is why they in a hurry to divest Canada assets? to be a pure U.S. O&G M&A target would be my guess. that's not so bad IMO.

[Billybabin61]

CEO has been critical of the regulatory environment in Canada for a few years, that is why. The deal is a good one they get cash, 3 mil shares below market value and a security backed loan. As for the div, we will find out next week, but there will probably be a hike. Management is very conservative and I think it will pay off. I hope it comes off a little next week leading up to earnings because

[therealDonald]

Needs to get critical of his board alignment. The only way they would know how it feels to be a shareholder is to become one.