Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Enerplus: The Blue Flame Of Marcellus Gas Is Heating Up The Stock

Back in November I wrote that Enerplus (NYSE:ERF) was "Out Of The Woods & Yielding 6%". The investment thesis then (and still valid now) was the company's improving productivity profile in its Bakken operations vis-a-vis optimized completion techniques combined with a downspaced drilling program. What has caught me by surprise is the recent strength in the company's Marcellus operations combined with a sharp rally in natural gas prices. Combined, they have pushed Enerplus up 4% year-to-date while the market has tanked. In the previous article, I expected the stock to rise to $20 in 2014, for a total return of ~15%. Recent events in the natural gas market, combined with ERF's recent 2013 production & reserves report...

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