As a result of the asset sale, projected 2016e net debt falls 14%, while we also see a marked improvement in the Company’s debt metrics. Despite the sale, the Company’s cash use to cash flow ratio remains relatively unchanged at well over 100% on current strip pricing. Updated guidance is anticipated to be released on or before the release of 2015 year-end results on February 19, 2016, at which point we would not be surprised to see a reduction to capital expenditures and/or the dividend in res ....
13 Jan 2016
Enerplus Announces Sale of Wilrich Assets for $193 mm
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Enerplus Announces Sale of Wilrich Assets for $193 mm
Enerplus Corporation (ERF:TSE) | 0 0 0.6% | Mkt Cap: 3,228m
- Published:
13 Jan 2016 -
Author:
Michael Hearn -
Pages:
7
As a result of the asset sale, projected 2016e net debt falls 14%, while we also see a marked improvement in the Company’s debt metrics. Despite the sale, the Company’s cash use to cash flow ratio remains relatively unchanged at well over 100% on current strip pricing. Updated guidance is anticipated to be released on or before the release of 2015 year-end results on February 19, 2016, at which point we would not be surprised to see a reduction to capital expenditures and/or the dividend in res ....