Enerplus (ERF +4.6%) agrees to sell its equity stake in Laricina Energy, a private Canadian...

|About: Enerplus Corporation (ERF)|By:, SA News Editor

Enerplus (ERF +4.6%) agrees to sell its equity stake in Laricina Energy, a private Canadian company focused on oil-sands development, for C$141M. ERF says it will use the proceeds to repay bank debt. Raymond James upgrades the stock to Outperform.