BUZZ-Enerplus Corp: Hits 1-month high on report of asset sale plan

Wed Oct 5, 2016 10:55am EDT
 
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** Canadian energy producer's Toronto- and U.S.-listed shares hit one-month highs

** Enerplus puts its U.S. Marcellus shale assets for sale; assets could fetch $500 mln, according to a Reuters report, which cited three sources familiar with the situation

** Enerplus could also make an acquisition with the money - one of the sources said

** Company's Canadian shares up as much as 8.3 pct at C$9.87; U.S. stock rises 8.6 pct to $7.48

** Up to Tuesday's close, U.S. stock had risen 101.5 pct YTD and Canadian stock had risen 91.8 pct