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The Turn Is In, Enerplus Posts Solid Quarter

After cutting its dividend in half last year, Enerplus (TSX: ERF, NYSE:ERF) has rewarded shareholders by focusing on core assets and boosting liquids growth. With a 5% growth target on top of a 6% yield, CEO Ian Dundas appears to have found the correct balance with the stock up 27% year-to-date. In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman look at Enerplus’ strong second quarter results and discuss future growth opportunities awaiting this growing oil and natural gas junior.

Enerplus is emerging into a unique equity, offering both capital gains appreciation while maintaining a healthy dividend yield. However, more home-run investing opportunities remain but might not last for long. For more income providing stocks, view our Special Free Report, “13 High-Yielding Stocks to Buy Today”. This report is a must see for investors looking to build a sizable retirement nest eggs.

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Fool contributors Joel South and Taylor Muckerman do not own shares of any company mentioned at this time.  The Motley Fool does not own shares in any companies mentioned at this time.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

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