Chord Energy And Enerplus: A Marriage That Makes Sense [Seeking Alpha]
Enerplus Corporation (ERF)
Last enerplus corporation earnings: 2/21 06:00 am
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US:NYSE Investor Relations:
investors.enerplus.com
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Source: Seeking Alpha
The merger will create a leading player in the Williston Basin, with a combined daily output of 254,000 boe. The combined firm expects to achieve $150 million in annual cost savings and generate $1.2 billion in free cash flow per year. In all, this transaction seems to make sense even without the planned synergies. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » After the market closed on February 21st, the management teams at Chord Energy NASDAQ: CHRD ) and Enerplus NYSE: ERF announced that the two companies would be combining together into a single firm in order to create additional shareholder value. This move translates to a rather hefty premium for shareholders of Enerplus, as Chord Energy was essentially absorbing the business in a stock and cash transaction that values the two companies, collectively, at around $11 billion. Based on the data provided by both enterprises, th
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ERF
News
- Enerplus Co. (NYSE: ERF) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- CANADA STOCKS-Toronto market subdued as broad gains countered by resource losses [Yahoo! Finance]Yahoo! Finance
- Enerplus Co. (NYSE: ERF) was downgraded by analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating. They now have a $22.00 price target on the stock, up previously from $21.00.MarketBeat
- Enerplus to Report First Quarter 2024 Results May 8PR Web
- Enerplus Announces Filing of Management Information Circular for Special Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
ERF
Earnings
- 2/21/24 - Beat
ERF
Sec Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/9/24 - Form 6-K
- ERF's page on the SEC website