#139: Ian Dundas (Enerplus) - Full Cycle Returns, Turning $1.00 into $1.30 & Why to Avoid Debt
Greetings & welcome back to the rose bros podcast.
This episode we are joined by Ian Dundas - President & CEO of Enerplus Corporation - a Calgary based energy company that trades on both the Toronto Stock Exchange and the New York Stock Exchange, with a market cap of ~$5 billion & $3.7 billion respectively.
Enerplus currently produces ~100,000 BOE/d from its USA properties in North Dakota & Pennsylvania.
Mr. Dundas became President & Chief Executive Officer of Enerplus on July 1, 2013.
Mr. Dundas joined Enerplus' predecessor in 2002 as Vice President of Business Development, and in 2010 his role expanded to Executive Vice President.
In 2011, Mr. Dundas was appointed as the Executive Vice President & Chief Operating Officer. Prior to joining Enerplus, Mr. Dundas held several executive positions in the merchant banking business, where he helped oil and gas companies grow by accessing the funding and expertise they required.
Mr. Dundas is a member of the Business Council of Canada and of the Board of Governors of the Canadian Association of Petroleum Producers.
Mr. Dundas has been an active volunteer in numerous charitable endeavors, and is currently a committee member of the YMCA Fund Development Committee, and previously the Co-Chair of the YMCA Power of Potential Campaign Committee.
Mr. Dundas holds a Bachelor of Commerce (Distinction) from the University of Calgary and a Bachelor of Laws (Distinction) from the University of Alberta. Mr. Dundas was called to the Alberta Bar in 1995.
Among other things we discussed the importance of full cycle returns, turning $1.00 into $1.30, the future of Enerplus and why to avoid debt