Thanks to its range of asset and geographic diversity, Enerplus (NYSE: ERF ) continues to grow in a troubling natural gas market. Targeting crude oil, to the tune of 72% of its 2012 capital expenditures, helped it increase production by 9% and funds flow by 12% over 2011. Increased focus on the Bakken and Three Forks crude oil plays has been facilitated by additional rail takeaway capacity thanks to Plains All American Pipeline (NYSE: PAA ) and Enbridge (NYSE: ENB ) . Petroleum traffic by rail saw a 46% increase in 2012 over the previous year.
For 2013, the company's current focus should continue, and dividend investors should remain confident in their ability to enjoy an 8% dividend payout from the company's monthly distributions. Check out the video below for more details on Enerplus' 2012 successes.
Who else is benefiting from an increase in Bakken takeaway capacity?
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