Enerplus

Enerplus:

• Enerplus: big story --
• announces a change in its reporting currency; from loonies to US dollars;
• will divest its Canadian assets;
• will change its presentation of production volumes, to a "net," after deduction of royalty basis;

• Enerplus 4Q21 operations update:
• 128,000 boepd (all but 9,100 boepd from the Bakken)
• at the high end of the company's guidance
• liquids: 81,000 bopd
• capital spending: C$102 million = USD $80 million
• back-of-envelope
• 128,000 boepd x 90 days = 15 million boe
• $80 million / 15 million boe = $5.33 / boe
• disclaimer: I often make simple arithmetic errors
  

• Enerplus full year, 2021 operations update:
• 114,700 boepd
• at the high end of the company's guidance
• liquids: 70,200 bopd
• capital spending in 2021: C$ 378 million compare to guidance of C$380 million

• Enerplus focus:
• the Bakken:
• will divest Canadian assets
• averaged 9,100 boepd in 4Q21

• Enerplus change in "net" volumes:
• production volumes will be lower than volumes presented historically, all things being equal;
  

• Enerplus 2022 guidance:
• CAPEX of C$500 million

• Enerplus:
• more at the link
• earnings to be reported February 24, 2022