2012 Was Strong for This Monthly Dividend Payer

Bakken crude oil, Canadian natural gas liquids, and Marcellus natural gas help Enerplus diversify and adapt to any energy market dynamics.

Taylor Muckerman
Taylor Muckerman
Feb 22, 2013 at 3:03PM
Energy, Materials, and Utilities

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.