TSE:ERF

Enerplus is an independent North American exploration and production company. Its portfolio of assets consists of North American oil and natural gas assets including light oil assets in the Williston Basin, Marcellus natural gas shale play and oil assets in western Canada.

Enerplus derives more than 80% of its revenues in the US and the rest is from Canada. Liquids comprise 56% of the product mix while natural gas accounts for 44%. The company has a production capacity ranging in between 94,000-100,000 BOE/day.

Enerplus benefits from its strategic position in the Bakken core which will still have more than 10 years of drilling inventory, even if proceeding at the current rate. Enerplus is targeting annual liquids production to grow at 10% to 13% in 2020-2021 driven by development in North Dakota.