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Stock Market & Financial Investment News

News Breaks
May 20, 2014
06:51 EDTERFEnerplus upgraded to Buy from Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded Enerplus to Buy from Neutral. The analyst upgraded shares due to continued outperformance in the U.S., valuation and accelerating growth outside the U.S. Price target raised to $28 from $24.
News For ERF From The Last 14 Days
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February 3, 2016
06:07 EDTERFEnerplus completes sale of Canadian natural gas assets for $183M
Enerplus has completed one of the divestments of certain Canadian natural gas properties for cash proceeds of approximately $183M, before closing adjustments. Proceeds from this transaction were used to reduce the company's outstanding indebtedness. Production from the properties divested under this transaction was expected to average approximately 4,700 BOE/day, 97% natural gas, in 2016. The second transaction relating to the divestment of additional Canadian natural gas properties is expected to close during Q1.

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