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 > Assessment

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Post by retiredcf on Aug 27, 2022 12:44pm

Assessment

Here you go ratsnake; from someone more knowledgeable than me. GLTA

What percentage of Enerplus is nat gas and what percentage is oil? And do you like the stock?

Oil and natural gas liquids were 60% of production in the Q2; gas 40%. ERF bought back 10% of its float in the last year (and renewed its buyback) and raised its dividend 16% earlier this month. The stock remains very cheap on all metrics and recently increased its production guidance. It is self-funding now, with cash flow exceeding capex. The balance sheet is strong with debt at less than nine months cash flow. There is lots to like here. (5iResearch)

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