ERF Stock Recent News
ERF LATEST HEADLINES
Enerplus (ERF) closed at $20.27 in the latest trading session, marking a +0.6% move from the prior day.
Does Enerplus (ERF) have what it takes to be a top stock pick for momentum investors? Let's find out.
U.S. energy firm Chord Energy said on Wednesday that it would acquire Canada's Enerplus , creating a combined entity with an enterprise value of $11 billion.
Enerplus reported production that exceeded the midpoint of its Q4 2023 guidance by 7%. Enerplus' full-year production ended up 5% above the midpoint of its original 2023 guidance. This production strength was attributed to well outperformance, both for its new 2023 wells and its base production trends.
Enerplus' (ERF) fourth-quarter 2023 production surpasses guidance. However, the company anticipates a fall in first-quarter 2024 production due to a winter storm in January.
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An upward cost trend is anticipated to have affected Enerplus' (ERF) earnings in Q3.
ERF, EPM and SUN appear well-positioned to benefit from the current dynamics in the energy market, as crude oil prices continue their upward trajectory.
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Enerplus is expected to generate over $250 million in free cash flow in 2H 2023 at current strip prices. It intends to use the majority of this to repurchase shares. Enerplus is projected to end 2023 with around 204 million shares and less than $100 million in net debt.