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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (31707)	8/7/2008 11:01:50 AM
From: E_K_S	of 78745

Pretty good 2008 Q2 report for ERF. Beginning with their September distribution, they will increase their payout by $0.05/share (an increase of 12%) to $0.47/month (14% annual yield). Cash flow is up 53%, operating costs are contained and balance sheet is stronger with less debt YOY. Enerplus announces 2008 second quarter results and increase in monthly cash distribution rate Thursday August 7, 6:00 am ET biz.yahoo.com This type of result is probably typical of many of the Energy Trusts in this sector. The company had hedged (up to 30%) of their oil and ng production (out 18 months) at rates 30% below the current market prices. This still resulted in a 53% increase in their Q2 YOY cash flow. As long as oil trades above $100/barrel, they should be able to post similar results next year. EKS

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