Enerplus Plans More Growth In The Bakken -- Financial Post -- March 1, 2018

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.