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Enerplus is a high-yielding equity investment in the oil and natural gas business. We are one of Canada's oldest and largest independent oil and gas producers established in 1986. We have built a balanced and diversified portfolio of producing properties across western Canada and the United States with a focus on large resource plays that offer predictable production and repeatable, low-risk development opportunities in conventional oil and gas production as well as in Canada's oil sands. Enerplus creates value through development drilling, optimization and acquisitions that enhance the sustainability of our business over the long-term. Through our discipline of paying a significant portion of our cash flow to investors each month, we believe we offer an attractive investment in the oil and gas industry.
Enerplus Resources Fund trust units are traded on both the Toronto Stock Exchange and the New York Stock Exchange and are eligible investments for all RRSPs, RESPs, RRIFs, DPSPs and IRAs.
Cash distributions are paid on the 20th day of each month to all Unitholders of record on the 10th day of each month. Management and the Board of Directors monitor the Fund's distribution payouts, taking into account cash flows, debt levels and capital spending plans. Payout levels are adjusted in an effort to balance the investor's desire for distributions, while maintaining a strong balance sheet, with debt repayments typically varying between 10- 40% of total cash flow annually.
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