Enerplus shutting down wells in Canada, U.S. due to low crude oil prices [Toronto Globe and Mail (Ontario, Canada)]
Enerplus Corporation (ERF)
Last enerplus corporation earnings: 2/21 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
investors.enerplus.com
Company Research
Source: Toronto Globe and Mail
Enerplus shutting down wells in Canada, U.S. due to low crude oil prices Enerplus Corp. is shutting down oil wells and again cutting its capital spending plans due to low crude prices linked to measures taken to control the COVID-19 pandemic. In an announcement two days after benchmark U.S. oil futures prices fell into negative territory for the first time in history, Enerplus says it will cut another $25 million to take its 2020 capital budget to $300 million. The reduction and a previous one announced in mid-March leaves it at about 55 per cent of its original budget of $545 million. West Texas Intermediate oil prices strengthened Wednesday, rising by more than 20 per cent from a settlement price of US$10.01 per barrel on Tuesday. They are still down more than 75 per cent since Jan. 1. Enerplus says it has begun to temporarily shut-in certain wells across the Williston basin in Montana and North Dakota, as well as in its Canadian operations. It says it expects April production to be
Show less
Read more
Impact Snapshot
Event Time:
ERF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ERF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ERF alerts
High impacting Enerplus Corporation news events
Weekly update
A roundup of the hottest topics