Key Developments: Enerplus Corp (ERF)
13.36USD
1 Jun 2012
$-0.44 (-3.19%)
$13.80
$13.57
$13.60
$13.28
2,633,537
2,453,751
$32.28
$13.27
Latest Key Developments
Enerplus Corporation Announces Cash Dividend For June 2011
Enerplus Corporation announced that a cash dividend in the amount of CAD0.18 per share will be payable on June 20, 2011 to all shareholders of record on June 10, 2011. The ex-dividend date for this payment is June 8, 2011. The CAD0.18 per share dividend is equivalent to approximately USD0.18 per share if converted using a Canadian/US dollar exchange rate of 0.9765. The U.S. dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable. Full Article
Enerplus Corporation Announces Sale Of Non-operated Marcellus Interests
Enerplus Corporation announced that the Company has entered into an agreement to sell a portion of Marcellus natural gas interests in Pennsylvania, Maryland and West Virginia for estimated proceeds of USD575 million, including closing adjustments which take into account production and capital spending from the effective date. The sold interests include approximately 91,000 net acres, primarily non-operated, in southwest and central Pennsylvania, Garrett County in Maryland and northern West Virginia, with an independent contingent resource assessment of 1.6 Tcfe of natural gas as of December 31, 2010. Proved plus probable reserves associated with these leases at December 31, 2010 were 24.5 Bcfe and current production is approximately 5.4 MMcfe/day. Upon conclusion of this transaction, Enerplus will retain all of non-operated acreage in Bradford, Susquehanna, Lycoming, Columbia, Tioga, Wyoming and Sullivan counties in northern Pennsylvania as well as operated acreage in Clinton County, Pennsylvania, Garrett County, Maryland and Preston County, West Virginia. The Company retain ownership in approximately 110,000 net acres of land with an independent estimate of 2.3 Tcfe of natural gas contingent resource and 92 Bcfe of proved plus probable natural gas reserves, each as of December 31, 2010. Of this total, approximately 60% (or 66,000 net acres) will be operated by Enerplus. Full Article
Enerplus Corporation Reaffirms FY 2011 Production Guidance
Enerplus Corporation announced that it continues to expect to produce on average 78,000-80,000 BOE/day increasing to 80,000-84,000 BOE/day as exit the for fiscal 2011. Full Article
Enerplus Corporation Announces Cash Dividend For May 2011
Enerplus Corporation announced that a cash dividend in the amount of CAD0.18 per share will be payable on May 20, 2011 to all shareholders of record on May 10, 2011. The ex-dividend date for this payment is May 6, 2011. The CAD0.18 per share dividend is equivalent to approximately $0.19 per share if converted using a Canadian/US dollar exchange rate of 0.9542. The U.S. dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable. Full Article
Enerplus Corporation Announces Cash Dividend For April 2011
Enerplus Corporation announced that a cash dividend in the amount of CAD0.18 per share will be payable on April 20, 2011 to all shareholders of record on April 10, 2011. The ex-dividend date for this payment is April 6, 2011. The CAD0.18 per share dividend is equivalent to approximately $0.18 per share if converted using a Canadian/US dollar exchange ratio of 0.9718. The U.S. dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable. Full Article
Enerplus Corporation Announces Cash Dividend For March 2011
Enerplus Corporation announced that a cash dividend in the amount of CAD0.18 per share will be payable on March 20, 2011 to all shareholders of record on March 10, 2011. The ex-dividend date for this payment is March 8, 2011. The CAD0.18 per share dividend is equivalent to approximately USD0.18 per share if converted using a Canadian/US dollar exchange ratio of 0.9842. The U.S. dollar equivalent dividend will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may be applicable. Full Article
Enerplus Corporation Reaffirms FY 2011 And FY 2012 Production Guidance
Enerplus Corporation announced that it expects fiscal 2011 production to average 78,000 - 80,000 BOE/day, essentially unchanged from exit fiscal 2010, and to increase to 80,000 - 84,000 BOE/day by year-end. Oil and liquids production is expected to grow 15% by year-end. Shallow gas and other conventional oil and gas production are expected to decline throughout the year due to reduced capital. Production is expected to grow by 10% - 15% over the next two years, exiting fiscal 2012 in the range of 86,000 - 90,000 BOE/day. Crude oil volumes are expected to increase approximately 20% over the next two years and crude oil and natural gas liquids are expected to represent just under 50% of total volumes by the end of fiscal 2012. Full Article
Enerplus Corporation Announces Cash Dividend For February 2011
Enerplus Corporation announced that a cash dividend in the amount of CAD0.18 per share will be payable on February 20, 2011 to all shareholders of record on February 10, 2011. The ex-dividend date for this payment is February 8, 2011. The CAD0.18 per share dividend is equivalent to approximately USD0.18 per share if converted using a Canadian/US dollar exchange ratio of 1.00. Full Article
Enerplus Resources Fund Announces Cash Distribution For January 2011
Enerplus Resources Fund announced that a cash distribution in the amount of CDN$0.18 per unit will be payable on January 20, 2011 to all Unitholders of record on December 31, 2010. The ex-distribution date for this payment is December 29, 2010. The CDN$0.18 per unit distribution is equivalent to approximately USD0.18 per unit if converted using a Canadian/US dollar exchange ratio of 1.01. The U.S. dollar equivalent distribution will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may apply. Holders of Enerplus Exchangeable Limited Partnership Class B units of record on December 31, 2010 will be eligible to receive a distribution of CDN$0.0765 per unit on January 20, 2011 based on the exchange ratio of 0.425 of a Fund trust unit for each Enerplus Exchangeable Limited Partnership Class B unit. Full Article
Enerplus Resources Fund Issues FY 2011 And FY 2012 Production Guidance
Enerplus Resources Fund announced that for fiscal 2011, it expects to produce 36,000 - 37,500 bbls/day of crude oil & natural gas liquids and 250,000 - 256,000 MMcf/day of natural gas, totaling 78,000 - 80,000 BOE/day. As the results of development programs are realized, the Company expects exit with production of approximately for fiscal 2011, 39,000 - 41,500 bbls/day of crude oil & natural gas liquids and 247,000 - 257,000 MMcf/day of natural gas, totaling 80,000 - 84,000 BOE/day. For fiscal 2012, it expects to produce 39,000 - 41,000 bbls/day of crude oil & natural gas liquids and 260,000 - 265,000 MMcf/day of natural gas, totaling 83,000 - 85,000 BOE/day. As the results of development programs are realized, the Company expects exit with production of approximately for fiscal 2012, 43,000 - 45,000 bbls/day of crude oil & natural gas liquids and 255,000 - 270,000 MMcf/day of natural gas, totaling 86,000 - 90,000 BOE/day. Full Article
UPDATE 3-Enerplus posts loss; may sell some assets
* Says looks at options for its land at Marcellus, Montney, Duvernay
Earnings vs. 
Estimates
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