New User:

Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
December 17, 2014
19:05 EDTERFEnerplus sees 2015 daily production 103,000 BOE/day to 108,000 BOE/day
The company said, "We expect daily production will average between 103,000 BOE/day to 108,000 BOE/day, with a relatively flat profile throughout the year. Using the mid-point of this range, this represents a 2% increase over our expected 2014 production levels, generally balanced between oil/liquids and natural gas. On a per share basis, production growth is also expected to be approximately 2%.Our operating costs are expected to be $10.50/BOE for 2015. This is slightly higher than 2014 due to the impact of a weaker Canadian dollar on our U.S. operating costs, as well as the sale of lower operating cost non-core Canadian natural gas properties during the fourth quarter of 2014. Cash G&A expenses are expected to be maintained at $2.30 per BOE. Royalty costs, including state production taxes and impact fees, are expected to remain at 23% of revenues net of transportation. Based upon current commodity prices, we expect to pay cash taxes of approximately 2% of U.S. funds flow in 2015. We have sufficient tax pools to shelter our Canadian cash flow from material cash taxes until after 2018."
19:03 EDTERFEnerplus sees 2015 CapEx $635M
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use