Past year: ▲ 39%(19.20 – 27.71 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
2 Mar 2015regulatory community update● Neutral
A Computershare notice to regulators says the 2015 annual general meeting will be held May 8, 2015 in Calgary, with a March 27, 2015 record date. It is a routine meeting notice with no business items described.
17 Feb 2015dividend declaration▼ Bad
Enerplus declared its monthly dividend of CDN$0.09 per share, payable March 16, 2015 to holders of record February 27, 2015; the US equivalent is about US$0.07 at an exchange rate of 0.8033. It repeats and strengthens the January warning, saying it is prepared to adjust the dividend as necessary depending on the outlook and duration of the commodity price downturn to preserve financial flexibility.
22 Jan 2015dividend declaration▼ BadMajor
Enerplus declared its monthly dividend of CDN$0.09 per share, payable February 17, 2015 to holders of record February 2, 2015; the US equivalent is about US$0.07 at an exchange rate of 0.8081. For the first time in this series it says it monitors commodity prices monthly and is prepared to adjust the dividend depending on the severity and duration of the current industry downturn, which is a warning that a cut is possible.
18 Dec 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable January 15, 2015 to holders of record December 31, 2014. The amount is unchanged; the US equivalent is about US$0.08 at an exchange rate of 0.8599.
14 Nov 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable December 15, 2014 to holders of record November 26, 2014. The amount is unchanged; the US equivalent is about US$0.08 at an exchange rate of 0.8811.
20 Oct 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable November 14, 2014 to holders of record October 30, 2014. The amount is unchanged; the US equivalent is about US$0.08 at an exchange rate of 0.8890.
15 Oct 2014debt financing● Neutral
Enerplus filed the note purchase agreement, dated June 25, 2014, for its US$200 million 3.79% senior notes due September 3, 2026, the financing announced on June 26. The agreement provides for subsidiary guarantees and includes financial and other covenants. The filed text is truncated, and the filing does not itself confirm that the September 3 closing occurred.
19 Sept 2014dividend declaration▲ GoodMajor
Enerplus declared its CDN$0.09 dividend, payable October 15, 2014 to holders of record September 30, 2014, and will now pay dividends around the 15th of each month, about five days earlier than before. The board also suspended the Stock Dividend Program immediately, so all dividends will be cash until further notice. The CEO says this removes the share dilution from the program and is supported by the company's financial strength; it follows the elimination of the program's 5% discount in April.
26 Aug 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable September 19, 2014 to holders of record September 5, 2014. The amount is unchanged; the US equivalent is about US$0.08 at an exchange rate of 0.9107.
24 July 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable August 20, 2014 to holders of record August 5, 2014. The amount is unchanged; the US equivalent is about US$0.08 at an exchange rate of 0.9310.
27 June 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable July 21, 2014 to holders of record July 9, 2014. The amount is unchanged; the US equivalent is about US$0.08 at an exchange rate of 0.9340.
26 June 2014capital raising announcement● NeutralMajor
Enerplus agreed to sell US$200 million of senior unsecured notes to U.S. institutional investors at a 3.79% fixed rate, with a 12-year amortizing term and a ten-year average life; closing is expected September 3, 2014, subject to customary conditions. The notes rank equally with the bank facility and other senior notes, and proceeds are meant to repay bank debt, swapping floating-rate short-term debt for fixed-rate long-term debt (as the company states).
18 June 2014resource reserve update▲ GoodMajor
Enerplus raised its estimate of economic contingent resources at Fort Berthold (Bakken/Three Forks) by 250%, from 39 MMBOE at Dec 31, 2013 to 136 MMBOE at June 1, 2014, audited by McDaniel. It now sees about 330 future net drilling locations, up from 145, and says completion changes over 12 months improved capital efficiency by 50%. Contingent resources are not reserves, and the company says it is too early to classify them as reserves; it follows the Fort Berthold production beat reported in October 2013.
23 May 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable June 20, 2014 to holders of record June 5, 2014. The amount is unchanged; the US equivalent is about US$0.08.
24 Apr 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable May 20, 2014 to holders of record May 5, 2014. The amount is unchanged; the US equivalent is about US$0.08.
26 Mar 2014dividend declaration▼ BadMajor
Enerplus declared its monthly dividend of CDN$0.09 per share, payable April 21, 2014 to holders of record April 4, 2014, unchanged. It also eliminated the 5% discount on shares issued under the Stock Dividend Program from the April payment, so new shares will be priced at the five-day weighted average TSX price; the discount had been a feature of the program, and the filing gives no reason for dropping it.
25 Feb 2014regulatory community update● Neutral
A Computershare notice to regulators says the 2014 annual general meeting will be held May 9, 2014 in Calgary, with a March 21, 2014 record date. It is a routine meeting notice with no business items described.
21 Feb 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable March 20, 2014 to holders of record March 5, 2014. The amount is unchanged; the US equivalent is about US$0.08 at an exchange rate of 0.9006.
4 Feb 2014production update▲ GoodMajor
Enerplus reported 2013 average production of 89,800 BOE/day, above its 89,000 expectation (and above the ~87,500 estimated in October), with December averaging 99,600 BOE/day on Marcellus output of 170 MMcf/day. Proved plus probable reserves rose over 17% to 406 MMBOE (15% per share), with 93 MMBOE added including acquisitions, replacing 284% of production; Marcellus is now 601 Bcf, half of gas reserves, and 58% of reserves are in the U.S. Capital spending was an estimated $681.4 million versus the $685 million forecast.
24 Jan 2014dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable February 20, 2014 to holders of record February 5, 2014. The amount is unchanged in Canadian dollars; the US equivalent is about US$0.08 at an exchange rate of 0.8985.
20 Dec 2013dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable January 20, 2014 to holders of record January 6, 2014. The amount is unchanged in Canadian dollars, but the US equivalent is shown as about US$0.084, lower than before, because the stated exchange rate is 0.9367.
25 Nov 2013dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable December 20, 2013 to holders of record December 5, 2013 (about US$0.09). The amount is unchanged.
25 Oct 2013dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable November 20, 2013 to holders of record November 5, 2013 (about US$0.09). The amount is unchanged.
23 Oct 2013asset acquisition disposition▲ GoodMajor
Enerplus raised its 2013 production estimate to about 87,500 BOE/day (from about 85,000) and its exit rate to 88,000 BOE/day, keeping capital spending at $685 million. It also agreed to sell about 900 BOE/day of non-core liquids production for about $105 million before closing adjustments, subject to customary conditions, with closing assumed in Q4. Fort Berthold averaged about 18,000 BOE/day and Marcellus over 83 MMcf/day in Q3, both ahead of earlier targets. It continues the non-core sales program, and the release says Enerplus expects to become a U.S. domestic filer from January 1, 2014.
24 Sept 2013dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable October 21, 2013 to holders of record October 4, 2013 (about US$0.09). The amount is unchanged; this release drops the usual Stock Dividend Program reminder.
26 Aug 2013dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable September 20, 2013 to holders of record September 5, 2013 (about US$0.09). The amount is unchanged.
23 July 2013dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable August 20, 2013 to holders of record August 2, 2013 (about US$0.09). The release is now signed by Ian C. Dundas as President & CEO, confirming the leadership change flagged in June.
27 June 2013asset acquisition disposition▲ GoodMajor
Enerplus agreed to sell non-core Canadian assets (mostly non-operated, about 1,000 BOE/day) for gross proceeds of about $80 million, with closings expected in the third quarter of 2013, and bought an extra 50% of the Pouce Coupe South Boundary B Unit #1 for about $30 million, taking it to roughly 100%. It continues the non-core sales program; year-to-date sales or agreements are about $115 million net of acquisitions (about 1,400 BOE/day). It now expects 2013 average production of about 85,000 BOE/day (high end of prior range) and a year-end debt-to-funds-flow ratio of 1.6 times, which is lower than the 1.9x in the December 2012 plan.
26 June 2013dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable July 19, 2013 to holders of record July 9, 2013 (about US$0.09). The release is signed by Ian C. Dundas as 'Incoming President & Chief Executive Officer' instead of Gordon Kerr, which signals a CEO change; no reason or date is given in this filing.
24 May 2013dividend declaration● Neutral
Enerplus declared its monthly dividend of CDN$0.09 per share, payable June 20, 2013 to holders of record June 5, 2013 (about US$0.09). The amount is unchanged.
