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 Raised Target

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Post by retiredcf on Nov 07, 2022 12:14pm

Another Raised Target

Stifel’s Cody Kwong to $33 (Canadian) from $32 with a “buy” rating.

“This earnings update epitomizes what we see in having Enerplus as our Top Idea. Strong and predictable operational and financial results. An undeterred commitment to shareholder returns as its net debt balance falls. Continuous high grading of its assets which is even more effective when selling at commodity prices highs and buying at the lows. Our forecast includes meaningful share buyback activity through the end of 2023, which we believe creates a positive feedback loop for shareholder value in the short, medium and long term,” said Mr. Kwong.

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