NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-Enerplus Announces Fourth Quarter Update, 2019 Budget And Three-Year Outlook

Published 2019-01-25, 06:32 a/m
BRIEF-Enerplus Announces Fourth Quarter Update, 2019 Budget And Three-Year Outlook
ERF
-

Jan 25 (Reuters) - Enerplus Corp ERF.TO :

* ENERPLUS ANNOUNCES FOURTH QUARTER UPDATE, 2019 BUDGET AND THREE-YEAR OUTLOOK

* ENERPLUS CORP SEES 2019 EXPLORATION AND DEVELOPMENT CAPITAL BUDGET OF $565 TO $635 MILLION

* ENERPLUS CORP - EXPECTS TO DELIVER AVERAGE 2019 PRODUCTION OF BETWEEN 94,000 TO 100,000 BOE PER DAY

* ENERPLUS CORP SAYS Q4 PRODUCTION OF APPROXIMATELY 97,800 BOE PER DAY, INCLUDING LIQUIDS OF 54,400 BARRELS PER DAY

* ENERPLUS - PRODUCTION EXPECTED TO MEANINGFULLY INCREASE WITH STRONG GROWTH FORECAST FOR H2 2019

* ENERPLUS - PRODUCTION IN Q1 2019 EXPECTED TO DECLINE FROM Q4 2018

* ENERPLUS CORP - OPERATING EXPENSES IN 2019 ARE FORECAST TO BE HIGHER THAN 2018

* ENERPLUS CORP - EXPECTS REALIZED MARCELLUS NATURAL GAS PRICE DIFFERENTIAL BELOW NYMEX TO AVERAGE US$0.30 PER MCF IN 2019

* ENERPLUS CORP - TRANSPORTATION EXPENSES ARE EXPECTED TO AVERAGE $4.00 PER BOE IN 2019

* ENERPLUS CORP - IN 2020 AND 2021, CO EXPECTS TO GROW LIQUIDS PRODUCTION BY 10% TO 13% PER YEAR

* ENERPLUS CORP SEES 2019 AVERAGE ANNUAL CRUDE OIL AND NATURAL GAS LIQUIDS PRODUCTION OF 52,500 - 56,000 BBL/D

* ENERPLUS CORP - EXPECT TO CONTINUE REPURCHASING SHARES IN 2019

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.