Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / ERF - Chord Energy And Enerplus: A Marriage That Makes Sense

ERF - Chord Energy And Enerplus: A Marriage That Makes Sense

Enerplus Corporation

2024-02-25 23:23:36 ET

Summary

  • Chord Energy and Enerplus are merging in a stock and cash transaction valued at $11 billion, offering a premium to Enerplus shareholders.
  • The merger will create a leading player in the Williston Basin, with a combined daily output of 254,000 boe.
  • The combined firm expects to achieve $150 million in annual cost savings and generate $1.2 billion in free cash flow per year.
  • In all, this transaction seems to make sense even without the planned synergies.

...

For further details see:

Chord Energy And Enerplus: A Marriage That Makes Sense
Stock Information
Company Name: Enerplus Corporation
Stock Symbol: ERF
Market: NYSE
Website: enerplus.com
Menu
ERF ERF Quote ERF Short ERF News ERF Articles ERF Message Board
Get ERF Alerts

News, Short Squeeze, Breakout and More Instantly...