Public market insider buying at Enerplus (ERF)

Public market insider buying at Enerplus (T:ERF)

Glen Dawson Roane, a Director, acquired 10,000 Common Shares on a direct ownership basis at a price of $10.600 on December 19th, 2018. This represents a $106,000 investment into the company's shares and an account share holdings change of 50.0%.

Enerplus is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Enerplus Corporation is an oil and natural gas company. The Company's oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company's oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE). The Company's primary crude oil properties in the United States are located in the Fort Berthold region of North Dakota and in Richland County, Montana. Enerplus Corporation (ERF) has below median officer and director direct ownership compared to its mid-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $106,000.