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Company News

BUZZ-Enerplus Corp: Soars on Q2 results, TD Securities raises PT

** Canadian oil producer’s shares up 6.3 pct at C$11.44 after Q2 results

** U.S.-listed shares up 6.8 pct at $9.01 pct

** Company posts Q2 profit of C$0.53/shr vs year-ago loss of C$0.77/shr, helped by higher selling price for crude oil

** ERF raises 2017 production forecast range to 84,000-86,000 boe/d from 81,000-85,000 boe/d

** TD Securities raises PT to C$15 from C$13

** “Enerplus has very little debt while trading at a sharply discounted valuation to other higher quality peers,” - TD Securities

** All 14 brokerages rate the stock “buy” or higher, Median PT C$14.25

** Up to Thursday’s close, ERF had fallen 15.5 pct this year on the TSX

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