There is little doubt that Enerplus Corp. (ERF) has benefited from the recent increases in energy prices. The company has seen its stock surge over 20% YTD, compared with mostly flat returns from its peers. Enerplus is unique among its peers in that it has greatly diversified its asset base away from Western Canada and into the US. Enerplus currently offers a $0.09 per share monthly dividend and yields about 6.40%.
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Enerplus's asset base is spread throughout Western Canada, the Bakken shale in North Dakota and Montana, and the Marcellus shale in Pennsylvania. As I noted above, Enerplus has been moving away from its legacy assets in Canada and towards US-based energy plays. Enerplus's...