Enerplus Corp T.ERF

Energy Oil & Gas E&P

Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of the Bakken/Three Forks light oil shale play where it holds approximately 235,600 net acres in North Dakota. The acreage is primarily located across the Fort Berthold Indian Reservation, as well as in Williams and Dunn Counties. It holds an interest in approximately 32,500 net acres in the dry gas window of the Marcellus shale in northeast Pennsylvania. This non-operated position is located in Susquehanna, Bradford, Wyoming, Sullivan and Lycoming counties.

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Enerplus Corp

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Comment by kelsat01on May 17, 2012 9:39pm

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Post# 19923547

RE: Is a div cut

Conference call indicated that a Div cut is realistic if Gas remains below $3.50 and even then things would not be rosy. The market is pricing it in and since the Div cut would be lowest the company ever payed out - the stock price will be hammered.

They might as well do it now and get it over with, the longer they wait the lower it goes.

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