So many large oil and gas companies are looking to unload assets to clean up their balance sheets that it's hard to get a decent price for the assets. Most of these sell-offs are to help companies bring their debt levels back under control, but that isn't always the case. Enerplus (NYSE:ERF) has a pretty clean balance sheet, so despite its desire to sell off some of its assets, it can afford to hang onto them for a little while longer.
This kind of financial flexibility puts Enerplus ahead of the game compared to some of its peers. In this video, Fool.com contributor Tyler Crowe looks at Enerplus' balance sheet, compares it to some competitors, and explains why waiting to sell is the right move for this company.