Q3 saw a solid beat on production and FFO, improvements to the midpoint of 2018 production guidance, and news of strong 90-day IP rates from four more DJ Basin wells. The apparent de-risking of ERF’s 35k net acre DJ Basin position is potentially a game changer for ERF, as concerns regarding ERF’s need/desire to make major acquisitions should diminish. We have reduced our ‘19e/’20e liquids production forecasts by 11%/8% (we were previously an outlier, now allowing for e
12 Nov 2018
ERF Q3 – De-risking the DJ
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ERF Q3 – De-risking the DJ
Enerplus Corporation (ERF:TSE) | 0 0 0.6% | Mkt Cap: 3,228m
- Published:
12 Nov 2018 -
Author:
Michael P. Dunn -
Pages:
14
Q3 saw a solid beat on production and FFO, improvements to the midpoint of 2018 production guidance, and news of strong 90-day IP rates from four more DJ Basin wells. The apparent de-risking of ERF’s 35k net acre DJ Basin position is potentially a game changer for ERF, as concerns regarding ERF’s need/desire to make major acquisitions should diminish. We have reduced our ‘19e/’20e liquids production forecasts by 11%/8% (we were previously an outlier, now allowing for e