2012 Was Strong for This Monthly Dividend Payer
Thanks to its range of asset and geographic diversity, Enerplus 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 and Enbridge . 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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The article 2012 Was Strong for This Monthly Dividend Payer originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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