Enerplus has announced the sale of certain assets in Northwest Alberta for gross proceeds of $95.5 mm, bringing the year to date tally to $288.5 mm; the proceeds will be used to shore up the Company’s balance sheet. Factoring in the proceeds from the sale, our net debt exiting 2016e is down 9%, leading to improved debt to cash flow metrics. Despite the asset sale, the Company has maintained annual average production guidance of 90,000-94,000 boe/d, on the back of continued strong performance fro ....
12 Apr 2016
Announces Sale of Certain Assets in Northwest Alberta for $96 mm
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Announces Sale of Certain Assets in Northwest Alberta for $96 mm
Enerplus Corporation (ERF:TSE) | 0 0 0.6% | Mkt Cap: 3,228m
- Published:
12 Apr 2016 -
Author:
Michael Hearn -
Pages:
5
Enerplus has announced the sale of certain assets in Northwest Alberta for gross proceeds of $95.5 mm, bringing the year to date tally to $288.5 mm; the proceeds will be used to shore up the Company’s balance sheet. Factoring in the proceeds from the sale, our net debt exiting 2016e is down 9%, leading to improved debt to cash flow metrics. Despite the asset sale, the Company has maintained annual average production guidance of 90,000-94,000 boe/d, on the back of continued strong performance fro ....