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.

TSX:ERF - Post by User

Enerplus Corp

Bullboard Posts

Post by SevenIslandson Jun 17, 2012 4:18pm

500 Views

Post# 20023565

Dividend cut is in the past, future looks good

The dividend cut is a done deal, and the stock price fell… so what’s next? The yield on this stock is still great, and it is trading near historic lows. I think this stock suffered more than its share of hardship, and should bounce back to a reasonable level in the medium term. Meanwhile, enjoy the yield, and be ready to accept a fair amount of volatility in the short term.

Note : I am long on ERF.

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