Trade Ideas: ERF

Close to breaking to new near term highs. Steady uptrend on its way to challenging $55 resistance. A cash dividend of $0.38 is declared for May and the fund sports an annual yield of 8.3%. For the income earners amongst you who want a little extra.

Enerplus Resources Fund operates as an energy investment trust in Western Canada. The fund, through its subsidiaries, engages in acquiring, exploiting, and operating crude oil and natural gas assets. Its oil and natural gas property interests are located in the provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, western Canada; and Montana and North Dakota, the United States.





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