Enerplus Corporation (USA) (TSE:ERF) has released an update.
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Enerplus Corporation reported a decrease in first quarter 2024 cash flow and adjusted funds flow compared to the previous year, attributing it to lower natural gas production and weaker commodity prices. Despite this, the company maintained a positive operating performance with strong operational momentum, expecting approximately 15% sequential liquids production growth in Q2 2024. They also highlighted a pending combination with Chord Energy Corporation, which is anticipated to enhance shareholder value through combined assets and expertise.
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