From Financial Post:
Calgary-based Enerplus Corp. plans to continue to pour money into its
North Dakota light oil play this year after crediting it with
fourth-quarter profits that handily beat analyst expectations.
The
company will invest 90 per cent of its 2018 capital budget of between
$535 million and $585 million in the United States, most in North Dakota
Bakken light oil wells, where production is expected to grow by 30 per
cent.
Data points:
- net income, after all the adjustments, 2017: 25 cents/share vs forecasts of 17 cents/share
- higher-than-expected 4Q17 production; nearly 89,000 boepd, an increase of 12% from 3Q17
Much of the article was devoted to the tax problems and regulations Enerplus and Suncor face in Canada. Both companies are re-evaluating their plans in Canada vs the US.
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