Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
03 December 2021 - 4:33AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report of Foreign Issuer
pursuant to Rule 13-a-16 or 15d-16
of the Securities Exchange
Act of 1934
FOR THE MONTH
OF DECEMBER 2021
FORM 6-K
COMMISSION FILE NUMBER
1-15150
![LOGO](https://www.sec.gov/Archives/edgar/data/1126874/000127956921001728/enerpluslogo.jpg)
The Dome Tower
Suite
3000, 333 - 7th Avenue S.W.
Calgary, Alberta
Canada T2P 2Z1
(403) 298-2200
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)
Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)
Indicate by check mark
whether, by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the securities Exchange Act of 1934.
EXHIBIT
INDEX
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
ENERPLUS CORPORATION
BY: |
/s/ |
David A. McCoy |
|
|
|
David A. McCoy |
|
|
|
Vice President, General Counsel & Corporate Secretary |
|
|
|
|
|
DATE: December 1, 2021
Exhibit 99.1
Enerplus Provides Update on Share Repurchase
Program
CALGARY, AB, Dec. 1, 2021 /CNW/ - Enerplus Corporation
("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) announced today that it had repurchased 8.4 million shares for
$107 million under its normal course issuer bid ("NCIB") during November.
The Company remains committed to executing its $200
million share repurchase program (announced on November 4, 2021) by the end of the first quarter of 2022. Share repurchases are expected
to be funded out of fourth quarter 2021 and first quarter 2022 free cash flow, representing approximately 55% of forecasted free cash
flow over this period based on current forward strip commodity prices.
Since commencing share repurchases under its NCIB
in August 2021, Enerplus has repurchased 10.4 million shares at an average share price of $11.92, representing approximately 4% of its
outstanding shares.
About Enerplus
Enerplus is an independent North American oil and
gas exploration and production company focused on creating long-term value for its shareholders through a disciplined, returns-based capital
allocation strategy and a commitment to safe, responsible operations. For more information, visit the Company's website at www.enerplus.com.
CURRENCY
All amounts in this news release are stated in Canadian dollars unless otherwise specified.
FORWARD-LOOKING INFORMATION AND STATEMENTS
This news release contains certain forward-looking information and statements ("forward-looking information") within the
meaning of applicable securities laws. The use of any of the words "committed" and "expected" are intended to identify
forward-looking information. In particular, but without limiting the foregoing, this news release contains forward-looking information
pertaining to the execution of the Enerplus' $200 million share repurchase program by the end of the first quarter of 2022 and the expected
funding thereof from free cash flow in the fourth quarter of 2021 and first quarter of 2022.
The forward-looking information contained in this
news release reflects several material factors and expectations and assumptions of Enerplus including, without limitation: that Enerplus
will conduct its operations and achieve results of operations as anticipated; that development plans will achieve the expected results;
current and anticipated commodity prices, differentials and cost assumptions; the general continuance of current or, where applicable,
assumed industry conditions, and overall impact of COVID-19; and the ability to fund dividend payments and the share repurchase program
from free cash flow as expected and discussed in this news release. In addition, Enerplus' fourth quarter 2021 and first quarter 2022
free cash flow estimate contained in this news release is based on the following prices: US$70.36/bbl WTI, US$5.14/Mcf NYMEX, and a USD/CDN
exchange rate of 1.27. Enerplus believes the material factors, expectations and assumptions reflected in the forward-looking information
are reasonable but no assurance can be given that these factors, expectations and assumptions will prove to be correct. Current conditions,
economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty.
The forward-looking information included in this
news release is not a guarantee of future performance and should not be unduly relied upon. Such information involves known and unknown
risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking
information including, without limitation: further deterioration, in global economic and market environment, including from COVID-19 and/or
inflation; the continued volatility or a decline in commodity prices; changes in realized prices of Enerplus' products from those currently
anticipated; changes in the demand for or supply of Enerplus' products; unanticipated operating results, results from our capital spending
activities or production declines; and certain other risks detailed from time to time in our public disclosure documents (including, without
limitation, those risks identified in this news release, the Annual Information Form, the Annual MD&A and Form 40-F as at December
31, 2020).
The forward-looking information contained in this
news release speaks only as of the date of this news release. Enerplus does not undertake any obligation to publicly update or revise
any forward-looking information contained herein, except as required by applicable laws.
SOURCE Enerplus Corporation
View original content: http://www.newswire.ca/en/releases/archive/December2021/01/c3769.html
%CIK: 0001126874
For further information: Investor Contacts: Drew Mair, 403-298-1707;
Krista Norlin, 403-298-4304
CO: Enerplus Corporation
CNW 17:00e 01-DEC-21
This regulatory filing also includes additional resources:
ex991.pdf
Enerplus (NYSE:ERF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Enerplus (NYSE:ERF)
Historical Stock Chart
From Jul 2023 to Jul 2024