Journey Energy: 45% Accretive Acquisition, Raises Guidance [Seeking Alpha]
Enerplus Corporation (ERF)
Last enerplus corporation earnings: 2/21 06:00 am
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Source: Seeking Alpha
metamorworksJourney Energy (OTCQX:JRNGFto deliver on its acquire and exploit business plan. And yet Journey's stock still trades at a compelling valuation, offering potential for further outperformance as the market eventually prices in more accretive acquisitions and economic development.JOYJourney's guidance increased meaningfully with the acquisition of low-decline assets from Enerplus (ERFJourney Updated Guidance(Journey Energy Q2 Presentation)A higher oil % means higher margins for Journey. Lower corporate decline rate means even less drilling necessary to sustain production. And higher production means more cash flow and more relevance as Journey moves into a larger size range. It is noteworthy that Journey's forecast Q4 2022 daily production is 79% higher than its full year 2021 daily production, while the share count is only up 27% and its debt is forecast to only be up $43 million. Adjusted funds flow per share for Q4 2022 is almost as high as for full year 2021, reflecting t
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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
- ENERPLUS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enerplus Corporation - ERFBusiness Wire
- Enerplus Co. (NYSE: ERF) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- BP Considered for Takeover by ADNOC but Deemed Unsuitable [Yahoo! Finance]Yahoo! Finance
- Enerplus (ERF) Is Up 3.51% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
ERF
Earnings
- 2/21/24 - Beat
ERF
Sec Filings
- 4/9/24 - Form 6-K
- 4/8/24 - Form 6-K
- 3/14/24 - Form 6-K
- ERF's page on the SEC website