Each one in plain English, with the numbers worked through for a shareholder.
8 Apr 2021business combination▲ GoodMajor
Enerplus agreed to buy Williston Basin assets from Hess Corporation for US$312 million cash (78,700 net acres in Dunn County, North Dakota, about 6,000 BOE/day), expected to close in May 2021. It will use about US$150 million of existing cash and borrow the rest on its bank facility, which it plans to enlarge up to US$900 million. It also raised 2021 production guidance to 111,000-115,000 BOE/day and set a five-year outlook with capital spending of about $500 million a year from 2022 to 2025. The release states it will aim to grow the base dividend and consider share repurchases.
Enerplus declared a CDN$0.01 per share dividend payable April 15, 2021 to holders of record March 31, 2021 (about US$0.01 at 0.8027). The amount is unchanged.
Enerplus closed its acquisition of Bruin, the North Dakota Williston Basin company, for a cash price of US$465 million before normal adjustments. It was paid for by fully drawing the new US$400 million term loan plus part of the C$132 million equity raise, and the US$600 million bank facility remains undrawn. This completes the deal announced January 25.
Enerplus declared a CDN$0.01 per share dividend payable March 15, 2021 to holders of record February 26, 2021 (about US$0.01 at 0.7867). The amount is unchanged.
3 Feb 2021capital raising announcement● NeutralMajor
Enerplus closed the share offering announced January 25, issuing 33,062,500 common shares at C$4.00 for gross proceeds of C$132,250,000, including the full over-allotment option. This adds to the share count and, with the US$400 million term loan, is meant to pay for the US$465 million Bruin acquisition; if that deal fails, the money goes to capex, repaying near-term senior note maturities and general purposes.
Enerplus agreed to buy Bruin E&P HoldCo, a Williston Basin (North Dakota) private company, for US$465 million cash, with closing expected in early March 2021. It will be paid for with a new US$400 million three-year term loan and a concurrent C$115 million bought deal share offering, so shareholders face new shares and added debt. The release also gives preliminary 2020 results (full-year production about 90,700 BOE/day, capital spending $291 million) and 2021 pro forma guidance of 103,500 to 108,500 BOE/day.
Enerplus declared a CDN$0.01 per share dividend payable February 16, 2021 to holders of record January 29, 2021 (about US$0.01 at 0.7836). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable January 15, 2021 to holders of record December 31, 2020 (about US$0.01 at 0.7863). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable December 15, 2020 to holders of record November 25, 2020 (about US$0.01 at 0.7620). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable November 16, 2020 to holders of record October 30, 2020 (about US$0.01 at 0.7596). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable October 15, 2020 to holders of record September 30, 2020 (about US$0.01 at 0.7576). The amount is unchanged.
Enerplus released its 2020 ESG report, saying it is on track to cut greenhouse gas emissions intensity by 20% to 25% in 2020 versus 2019 (original target 10%), and has set a 50% reduction target for 2030. It also targets a 50% cut in freshwater use per well completion by 2025 and a 25% average cut in lost time injury frequency from 2020 to 2023. These are goals and expectations, with no financial figures or change to the dividend or buyback.
Enerplus declared a CDN$0.01 per share dividend payable September 15, 2020 to holders of record August 31, 2020 (about US$0.01 at 0.7592). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable August 14, 2020 to holders of record July 30, 2020 (about US$0.01 at 0.7367). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable July 15, 2020 to holders of record June 30, 2020 (about US$0.01 at 0.7359). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable June 15, 2020 to holders of record May 29, 2020 (about US$0.01 at 0.7095). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable May 15, 2020 to holders of record April 30, 2020 (about US$0.01 at 0.7124). The amount is unchanged.
A Computershare notice sets Enerplus's 2020 annual meeting for May 7, 2020 in Calgary, with a March 20, 2020 record date. It contains no other substance.
Enerplus declared a CDN$0.01 per share dividend payable March 16, 2020 to holders of record February 28, 2020 (about US$0.01 at 0.7548). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable February 14, 2020 to holders of record January 30, 2020 (about US$0.01 at 0.7656). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable January 15, 2020 to holders of record December 31, 2019 (about US$0.01 at 0.7599). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable December 16, 2019 to holders of record November 27, 2019 (about US$0.01 at 0.7543). The amount is unchanged.
8 Nov 2019security holder rights change▲ GoodMajor
The TSX accepted an increase to Enerplus's share buyback: the maximum rises to 23,818,593 shares (10% of the public float), allowing 7,145,578 more shares to be bought and cancelled until the bid expires March 25, 2020. Since starting buybacks in Q3 2018, Enerplus says it has repurchased and cancelled 24,156,485 shares for $257,803,230, which shrinks the share count and raises each remaining shareholder's proportionate stake.
Enerplus declared a CDN$0.01 per share dividend payable November 15, 2019 to holders of record October 31, 2019 (about US$0.01 at 0.7615). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable October 15, 2019 to holders of record September 30, 2019 (about US$0.01 at 0.7535). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable September 16, 2019 to holders of record August 30, 2019 (about US$0.01 at 0.7520). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable August 15, 2019 to holders of record July 31, 2019 (about US$0.01 at 0.7652). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable July 15, 2019 to holders of record June 28, 2019 (about US$0.01 at 0.7459). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable June 14, 2019 to holders of record May 31, 2019 (about US$0.01 at 0.7441). The amount is unchanged.
Enerplus declared a CDN$0.01 per share dividend payable May 15, 2019 to holders of record April 30, 2019 (about US$0.01 at 0.7501). The amount is unchanged.
