Enerplus Resources Fund (TSE/NY ERF )
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*****
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Created in 1986, Enerplus Resources Fund offers investors the benefits of owning a diversified portfolio of crude oil and natural gas producing properties, without the exploration risks commonly associated with the energy industry. Enerplus invests in mature, producing properties with predictable production profiles, long reserve life indices, high cash netbacks and opportunities for low risk development. The net cash flow from these properties is distributed to Unit holders on a monthly basis, providing investors with a superior investment within the energy sector.
Recent News: UPDATE 1-Enerplus Q2 profit rises; cuts 2011 output view
ENERPLUS ANNOUNCES SALE OF NON-OPERATED MARCELLUS INTERESTS
UPDATE 1-Enerplus reports Q1 profit on higher crude oil prices
Kyle Preston ....... Canaccord/Genuity……Aug 08, 2011
Upgraded to BUY from HOLD
Target $31.50C
ERF Priceday before: $26.31 Finish day of posting:$25.13Current:$27.78
------July 19, 2011------
Downgraded to HOLD from BUY
Target reduced to $31.50 from $33.00C
ERF Priceday before: $29.59 Finish day of posting:$29.87Current:$27.78
------May 17, 2011------
Upgraded to BUY from HOLD
Target raised to $33.00 from $30.00C
ERF Priceday before: $29.15 Finish day of posting:$30.14Current:$27.78
------Feb 28, 2011-------
Maintained HOLD
Target raised to $30.00 from $28.00C
ERF Priceday before: $32.08 Finish day of posting:$31.64Current:$27.78
------Jan 20, 2011-------
Maintained HOLD
Target raised to $28.00 from $27.50C
ERF Priceday before: $32.08 Finish day of posting:$31.64Current:$27.78
---------Nov 15, 2010-------
Maintained HOLD
Target raised to $27.50 from $26.50C
ERF Priceday before: $28.40 Finish day of posting:$27.97Current:$27.78
------Sept 14, 2009-------
Maintained BUY
Target reduced to $27.50 from $29.00C
ERF Priceday before: $23.00 Finish day of posting:$23.69Current:$27.78
--------May 11, 2009-------
Maintained BUY
Target raised to $29.00 from $27.00C
ERF Priceday before: $27.20 Finish day of posting:$26.64Current:$27.78
------Apr 20, 2009-------
Maintained BUY
Price Target $27.00Cdn (Target Hit May 08, 2009)
ERF Priceday before: $23.53 Finish day of posting:$21.84Current:$27.78
-----Oct 31, 2008------
Maintained BUY
Price Target $40.00Cdn
ERF Priceday before: $31.11 Finish day of posting:$32.45Current:$27.78
-----June 03, 2008-----
New BUY
Price Target $52.00Cdn
ERF Priceday before: $47.22 Finish day of posting:$47.11Current:$27.78
*************
Roger Serin ....... TD Securities……Aug 08, 2011
Maintained BUY
Target $35.00C
ERF Priceday before: $26.31 Finish day of posting:$25.13Current:$27.78
-------May 17, 2011-------
Upgraded to BUY from HOLD
Target raised to $37.00 from $34.00C
ERF Priceday before: $29.15 Finish day of posting:$30.14Current:$27.78
-------Feb 28, 2011-------
Maintained HOLD
Target reduced to $34.00 from $35.00C
ERF Priceday before: $32.08 Finish day of posting:$31.64Current:$27.78
-------Jan 26, 2011----
Downgraded to HOLD from BUY
Target raised to $35.00 from $33.00C
ERF Priceday before: $32.08 Finish day of posting:$31.64Current:$27.78
-------Nov 15, 2010------
Maintained BUY
Target raised to $33.00 from $30.00C
ERF Priceday before: $28.40 Finish day of posting:$27.97Current:$27.78
------Sept 23, 2010------
Maintained BUY
Target raised to $30.00 from $29.00C (Target Hit Dec 02, 2010)
ERF Priceday before: $24.80 Finish day of posting:$24.90Current:$27.78
------Aug 09, 2010------
Maintained BUY
Target $29.00C (Target Hit Nov 04, 2010)
ERF Priceday before: $23.77 Finish day of posting:$23.78Current:$27.78
---------Dec 15, 2009-----
Maintained BUY
Target reduced to $26.00 from $27.00C (Target Hit Sept 30, 2010)
ERF Priceday before: $23.82 Finish day of posting:$23.78Current:$27.78
------Nov 16, 2009----
Maintained BUY
Target $27.00C
ERF Priceday before: $24.10 Finish day of posting:$24.31Current:$27.78
-------Sept 15, 2009--------
Upgraded to BUY from HOLD
Target $28.00C
ERF Priceday before: $23.69 Finish day of posting:$24.09Current:$27.78
------June 12, 2009------
Maintained HOLD
Target raised to $28.00 from $26.00C
ERF Priceday before: $27.27 Finish day of posting:$26.78Current:$27.78
---------May 11, 2009--------
Maintained HOLD
Target raised to $26.00 from $24.00C
ERF Priceday before: $27.20 Finish day of posting:$26.64Current:$27.78
-------Feb 27, 2009-------
Maintained BUY
Target reduced to$24.00 from $29.00C (Target Hit Apr 24, 2009)
ERF Priceday before: $21.61 Finish day of posting:$21.56Current:$27.78
-------Feb 02, 2009---------
Maintained BUY
Price Target $29.00 Cdn
ERF Priceday before: $25.44 Finish day of posting:$25.12Current:$27.78
------Nov 10, 2008---------
Maintained BUY
Price Target $32.00 Cdn
ERF Priceday before: $28.88 Finish day of posting:$29.29Current:$27.78
-----Oct 29, 2008------
Maintained BUY
Price Target reduced to $32.00 from $42.00Cdn (Target Hit Oct 31, 2008)
ERF Priceday before: $28.02 Finish day of posting:$30.91Current:$27.78
-------Aug 18, 2008--------
Maintained BUY
Price Target reduced to $48.00 from$52.00Cdn
ERF Priceday before: $41.18 Finish day of posting:$41.20Current:$27.78
-------July 16, 2008------
Upgraded to BUY from HOLD
Price Target $52.00Cdn
ERF Priceday before: $41.92 Finish day of posting:$41.34Current:$27.78
-----May 22, 2008------
Maintained HOLD
Price Target raised to $52.00 from $45.00Cdn
ERF Priceday before: $48.77 Finish day of posting:$48.20Current:$27.78
---------Feb 29, 2008--------
Maintained HOLD
Price Target $41.00Cdn
ERF Priceday before: $42.10 Finish day of posting:$42.45Current:$27.78
ERF Price day before: $43.15 Finish day of posting:$43.06Current:$43.29US
-------Dec 04, 2007----------
Maintained HOLD
Price Target $44.00Cdn
ERF Priceday before: $39.75 Finish day of posting:$39.70Current:$27.78
ERF Price day before: $39.89 Finish day of posting:$39.21Current:$43.29US
--------Aug 03, 2007---------
Maintained HOLD
Price Target reduced to $50.00 from $52.00Cdn
ERF Priceday before: $49.95 Finish day of posting:$50.45Current:$27.78
ERF Price day before: $45.37 Finish day of posting:$45.54Current:$43.29US
------May 08, 2007-----
Maintained HOLD
Price Target $52.00Cdn
ERF Priceday before: $49.95 Finish day of posting:$50.45Current:$27.78
ERF Price day before: $45.37 Finish day of posting:$45.54Current:$43.29US
-------Nov 13, 2006-----
Upgraded to BUY from HOLD
Price Target $52.00Cdn (Target Hit Feb 01, 2007)
ERF Priceday before: $46.95 Finish day of posting:$46.32Current:$27.78
ERF Price day before: $41.35 Finish day of posting:$40.80Current:$43.29US
------Nov 02, 2006------
Downgraded to HOLD from BUY
Price Target reduced to $52.00 from $57.00Cdn
ERF Priceday before: $52.50 Finish day of posting:$47.90Current:$27.78
ERF Price day before: $46.25 Finish day of posting:$42.29Current:$43.29US
------Sept 23, 2006---------
Upgraded to BUY from HOLD
Price Target reduced to $57.00 from $64.00Cdn
ERF Priceday before: $52.77 Finish day of posting:$53.10Current:$27.78
ERF Price day before: $47.18 Finish day of posting:$47.50Current:$43.29US
------Aug 04, 2006------
Maintained HOLD
Price Target raised to $66.00 from $64.00Cdn
ERF Priceday before: $65.10 Finish day of posting:$65.78Current:$27.78
ERF Price day before: $58.00 Finish day of posting:$58.27Current:$43.29US
-------Feb 27, 2006----------
Maintained HOLD
Price Target $58.00Cdn
ERF Priceday before: $59.65 Finish day of posting:$58.25Current:$27.78
ERF Price day before: $51.54 Finish day of posting:$51.10Current:$43.29US
-------Nov 24, 2005------
Downgraded to HOLD from BUY
Price Target reduced to $50.00 from $52.00Cdn
ERF Priceday before: $51.05 Finish day of posting:$53.60Current:$27.78
ERF Price day before: $43.45 Finish day of posting:$43.58Current:$43.29US
------Feb 28, 2005-------
Maintained HOLD
Price Target raised to $42.00 from $39.75Cdn (Hit Target Mar 30, 2005)
ERF Priceday before: $45.97 Finish day of posting:$46.27Current:$27.78
ERF Price day before: $37.13 Finish day of posting:$37.59Current:$43.29US
-------Nov 08, 2004-------
Maintained BUY
Price Target $37.50Cdn
ERF Priceday before: $40.39 Finish day of posting:$39.36Current:$27.78
ERF Price day before: $33.77 Finish day of posting:$32.92Current:$43.29US
-----------May 10, 2004-------
Maintained BUY
Price Target raised to $35.75 from $34.50Cdn (Hit Target May 17, 2004)
ERF Priceday before: $35.00 Finish day of posting:$32.90Current:$27.78
ERF Price day before: $25.30 Finish day of posting:$23.66Current:$43.29US
-----Apr 23, 2004-------
Upgraded to BUY from HOLD
Price Target $34.50Cdn (Hit Target)
ERF Priceday before: $35.40 Finish day of posting:$35.80Current:$27.78
ERF Price day before: $26.11 Finish day of posting:$26.28Current:$43.29US
-------Mar 19, 2004--------
Maintained HOLD
Price Target $34.50Cdn (Hit Target Apr 14, 2004)
ERF Priceday before: $39.40 Finish day of posting:$38.98Current:$27.78
ERF Price day before: $29.68 Finish day of posting:$29.27Current:$43.29US
--------Nov 14, 2003--------
Maintained HOLD
Price Target $31.00Cdn
ERF Priceday before: $36.45 Finish day of posting:$36.45Current:$27.78
ERF Price day before: $28.04 Finish day of posting:$28.02Current:$43.29US
-------June 04, 2003-------
Downgraded to HOLD from BUY
Price Target $29.50Cdn
ERF Priceday before: $33.83 Finish day of posting:$33.45Current:$27.78
ERF Price day before: $24.80 Finish day of posting:$24.63Current:$43.29US
***************************
Gordon Tait........BMO Capital Markets........Aug 08, 2011
Maintained MARKET PERFORM
Target $33.00C
ERF Priceday before: $26.31 Finish day of posting:$25.13Current:$27.78
------May 17, 2011-----
Maintained MARKET PERFORM
Target $33.00C
ERF Priceday before: $29.15 Finish day of posting:$30.14Current:$27.78
------Feb 09, 2011-----
Target raised to $33.00 from $32.00C
ERF Priceday before: $31.50 Finish day of posting:$31.03Current:$27.78
-------Dec 14, 2010----
Target raised to $32.00 from $29.00C
ERF Priceday before: $29.50 Finish day of posting:$29.28Current:$27.78
------Nov 16, 2010------
Target raised to $29.00 from $26.00C
ERF Priceday before: $27.97 Finish day of posting:$27.21Current:$27.78
-------Apr 19, 2010-------
Target reduced to $26.00 from $27.00C (Target Hit)
ERF Priceday before: $23.91 Finish day of posting:$23.74Current:$27.78
-----Feb 26, 2010------
Target reduced to $27.00 from $28.00C
ERF Priceday before: $23.32 Finish day of posting:$23.58Current:$27.78
------June 16, 2009--------
Downgraded to MARKET PERFORM from OUTPERFORM
ERF Priceday before: $26.05 Finish day of posting:$25.43Current:$27.78
-------May 11, 2009------
Maintained OUTPERFORM
Target raised to $29.00 from $26.00C
ERF Priceday before: $27.20 Finish day of posting:$26.64Current:$27.78
------Mar 10, 2009------
Maintained OUTPERFORM
Target reduced to$26.00 from $28.00C (Target Hit May 07, 2009)
ERF Priceday before: $17.38 Finish day of posting:$18.17Current:$27.78
-----Feb 27, 2009-------
Maintained OUTPERFORM
Target reduced to$28.00 from $30.00C
ERF Priceday before: $21.61 Finish day of posting:$21.56Current:$27.78
-----Jan 16, 2009-------
Maintained OUTPERFORM
Target reduced to$30.00 from $35.00C
ERF Priceday before: $27.23 Finish day of posting:$27.56Current:$27.78
---------Oct 17, 2008--------
Maintained OUTPERFORM
Target reduced to$38.00 from $51.00C
ERF Priceday before: $28.44 Finish day of posting:$28.65Current:$27.78
-------Sept 12, 2007-------
Upgraded to OUTPERFORM from MARKET PERFORM
ERF Priceday before: $45.13 Finish day of posting:$46.30Current:$27.78
*******************
Jeremy Kaliel.......CIBC World Markets.........July 26, 2011
Maintained SECTOR PERFORM
Target reduced to $35.50 from $37.00C
ERF Priceday before: $30.18 Finish day of posting:$30.14Current:$27.78
-------May 17, 2011--------
Maintained SECTOR PERFORM
Target raised to $37.00 from $35.50C
ERF Priceday before: $29.15 Finish day of posting:$30.14Current:$27.78
--------Nov 16, 2010------
Downgraded to UNDERPERFORM from SECTOR PERFORM
Target raised to $27.50 from $27.00C
ERF Priceday before: $27.97 Finish day of posting:$27.21Current:$27.78
------Sept 23, 2010-------
Maintained SECTOR PERFORM
Target raised to $27.00 from $24.50C (Target Hit Oct 06, 2010)
ERF Priceday before: $24.80 Finish day of posting:$24.90Current:$27.78
---------Aug 10, 2010-------
Upgraded to SECTOR PERFORM from UNDERPERFORM
Target $24.50C
ERF Priceday before: $23.78 Finish day of posting:$23.87Current:$27.78
------July 06, 2010----
New UNDERPERFORM
Target $24.50C
ERF Priceday before: $22.70 Finish day of posting:$23.23Current:$27.78
**********
Kristopher Zack ....... Raymond James……May 19, 2011
Maintained MARKET PERFORM
Target raised to $33.00 from $32.50C
ERF Priceday before: $30.70 Finish day of posting:$30.83Current:$27.78
-----Nov 15, 2010---------
Maintained MARKET PERFORM
Target raised to $27.00 from $26.50C
ERF Priceday before: $28.40 Finish day of posting:$27.97Current:$27.78
------Oct 27, 2010------
Downgraded to MARKET PERFORM from OUTPERFORM
Target $26.50C
ERF Priceday before: $28.16 Finish day of posting:$27.58Current:$27.78
--------Sept 23, 2010-------
Maintained OUTPERFORM
Target raised to $26.50 from $25.50C (Target Hit Sept 30, 2010)
ERF Priceday before: $24.80 Finish day of posting:$24.90Current:$27.78
-------May 10, 2010------
Maintained OUTPERFORM
Target raised to $25.50 from $25.00C (Target Hit Sept 30, 2010)
ERF Priceday before: $23.27 Finish day of posting:$23.37Current:$27.78
------Sept 14, 2009------
Maintained OUTPERFORM
Target raised to $28.00 from $27.50C
ERF Priceday before: $23.00 Finish day of posting:$23.69Current:$27.78
------June 22, 2009------
Upgraded to OUTPERFORM from MARKET PERFORM
Target raised to $27.50 from $27.00C
ERF Priceday before: $24.24 Finish day of posting:$23.05Current:$27.78
--------May 11, 2009------
Downgraded to MARKET PERFORM from OUTPERFORM
Target reduced to $27.00 from $27.50C
ERF Priceday before: $27.20 Finish day of posting:$26.64Current:$27.78
----------Mar 02, 2009-----------
Target reduced to$26.00 from $32.00C (Target Hit May 07, 2009)
ERF Priceday before: $21.56 Finish day of posting:$18.80Current:$27.78
------Oct 14, 2008-----
Target reduced to$44.50 from $54.50C
ERF Priceday before: $25.50 Finish day of posting:$30.08Current:$27.78
--------Apr 09, 2007----
Upgraded to OUTPERFORM from MARKET PERFORM
ERF Priceday before: $48.69 Finish day of posting:$48.16Current:$27.78
ERF Price day before: $42.35 Finish day of posting:$41.78Current:$43.29US
-------Sept 19, 2006----
New OUTPERFORM
Price Target $63.00C
ERF Priceday before: $56.18 Finish day of posting:$55.71Current:$27.78
ERF Price day before: $50.50 Finish day of posting:$49.46Current:$43.29US
************************
.......Scotia Capital.........May 18, 2011
Upgraded to SECTOR PERFORM from UNDER PERFORM
Target raised to $29.50 from $28.00C
ERF Priceday before: $30.14 Finish day of posting:$30.70Current:$27.78
----Jan 06, 2011----
Maintained UNDERPERFORM
Target raised to $28.00 from $25.50C
ERF Priceday before: $29.83 Finish day of posting:$30.39Current:$27.78
------June 21, 2010-----
New UNDERPERFORM
Target $25.50C
ERF Priceday before: $23.92 Finish day of posting:$23.99Current:$27.78
**********
Fergal Kelly.......RBC Capital Markets...........May 17, 2011
Maintained SECTOR PERFORM
Target raised to $30.00 from $29.00C
ERF Priceday before: $29.15 Finish day of posting:$30.14Current:$27.78
-------Mar 09, 2011-------
Maintained SECTOR PERFORM
Target raised to $29.00 from $27.50C (Target Hit Mar 15, 2011)
ERF Price day before: $31.15 Finish day of posting:$30.40Current:$27.78
------Dec 20, 2010-----
Maintained SECTOR PERFORM
Target raised to $26.50 from $25.50C
ERF Priceday before: $29.83 Finish day of posting:$30.39Current:$27.78
-----Nov 15, 2010-------
Maintained SECTOR PERFORM
Target raised to $25.50 from $24.50C
ERF Priceday before: $28.40 Finish day of posting:$27.97Current:$27.78
-------July 20, 2010--
Downgraded to SECTOR PERFORM from OUTPERFORM
Target reduced to $24.50 from $26.00C
ERF Priceday before: $22.91 Finish day of posting:$23.39Current:$27.78
**********
....... Salman Partners……Apr 21, 2011
New BUY
ERF Price day before: $29.56 Finish day of posting:$29.79Current:$27.78
***********
....... UBS……Mar 16, 2011
Upgraded to BUY from NEUTRAL
ERF Price day before: $29.05 Finish day of posting:$29.70Current:$27.78
-----Feb 08, 2011------
Maintained NEUTRAL
Target raised to $30.00 from $27.50C
ERF Priceday before: $31.81 Finish day of posting:$31.50Current:$27.78
------Nov 15, 2010------
Maintained NEUTRAL
Target raised to $27.50 from $24.00C
ERF Priceday before: $28.40 Finish day of posting:$27.97Current:$27.78
------Aug 09, 2010------
New NEUTRAL
Target $24.00C
ERF Priceday before: $23.77 Finish day of posting:$23.78Current:$27.78
***********
.......Dundee Securities.........Dec 20, 2010
Upgraded to BUY from NEUTRAL
ERF Priceday before: $29.83 Finish day of posting:$30.39Current:$27.78
------Nov 15, 2010----
Maintained NEUTRAL
Target raised to $29.50 from $27.00C
ERF Priceday before: $28.40 Finish day of posting:$27.97Current:$27.78
-----June 11, 2010---
New NEUTRAL
Target $25.00C (Target Hit Sept 28, 2010)
ERF Priceday before: $23.24 Finish day of posting:$23.46Current:$27.78
**********
Menal Patel........National Bank........Dec 20, 2010
Target raised to $27.00 from $25.00C
ERF Priceday before: $29.83 Finish day of posting:$30.39Current:$27.78
-----Nov 15, 2010--------
Target raised to $25.00 from $24.75C
ERF Priceday before: $28.40 Finish day of posting:$27.97Current:$27.78
------July 14, 2010-----
Target reduced to $22.50 from $23.75C
ERF Priceday before: $23.32 Finish day of posting:$23.11Current:$27.78
------Feb 26, 2010-------
Target raised to $25.00 from $24.50C
ERF Priceday before: $23.32 Finish day of posting:$23.58Current:$27.78
------May 11, 2009------
Maintained UNDERPERFORM
Target reduced to $25.50 from $26.50C
ERF Priceday before: $27.20 Finish day of posting:$26.64Current:$27.78
--------Feb 27, 2009--------
Downgraded to UNDERPERFORM from SECTOR PERFORM
Target reduced to$26.50 from $31.50C (Target Hit May 07, 2009)
ERF Priceday before: $21.61 Finish day of posting:$21.56Current:$27.78
------Aug 08, 2008--------
Upgraded to OUTPERFORM from SECTOR PERFORM
ERF Priceday before: $42.16 Finish day of posting:$41.80Current:$27.78
ERF Price day before: $39.99 Finish day of posting:$39.40Current:$43.29US
-------July 12, 2006---
Downgraded to UNDERPERFORM from SECTOR PERFORM
ERF Priceday before: $62.70 Finish day of posting:$62.22Current:$27.78
ERF Price day before: $55.32 Finish day of posting:$54.69Current:$43.29US
-------June 16, 2004-------
Maintained OUTPERFORM
Price Target raised to $31.50 from $30.50Cdn
ERF Priceday before: $37.00 Finish day of posting:$37.30Current:$27.78
ERF Price day before: $27.13 Finish day of posting:$27.22Current:$43.29US
--------Dec 18, 2003-------
Upgraded to SECTOR PERFORM from UNDERPERFORM
Price Target $27.50Cdn
ERF Priceday before: $37.79 Finish day of posting:$38.56Current:$27.78
ERF Price day before: $28.53 Finish day of posting:$29.10Current:$43.29US
****************
Richard Roy ............Citigroup ….Nov 15, 2010
Downgraded to HOLD from BUY
Target reduced to $26.50 from $27.50C
ERF Priceday before: $28.40 Finish day of posting:$27.97Current:$27.78
------Oct 12, 2008-------
Maintained BUY
Price Target reduced to $41.00 from $59.00Cdn
ERF Priceday before: $25.50 Finish day of posting:$30.08Current:$27.78
-----July 17, 2008--
Maintained BUY
Price Target reduced to $59.00 from $59.50Cdn
ERF Priceday before: $41.34 Finish day of posting:$40.63Current:$27.78
--------May 11, 2008--------
Maintained BUY
Price Target raised to $53.50 from $50.00Cdn
ERF Priceday before: $48.15 Finish day of posting:$47.53Current:$27.78
-------Dec 13, 2007--------
Upgraded to BUY from HOLD
Price Target raised to $46.00 from $42.50Cdn (Target Hit Apr 17. 2008)
ERF Priceday before: $39.05 Finish day of posting:$38.92Current:$27.78
ERF Price day before: $38.50 Finish day of posting:$38.18Current:$43.29US
--------Dec 05, 2007---------
Maintained HOLD
Price Target reduced to $42.50 from $43.50Cdn (Target Hit Feb 22. 2008)
ERF Priceday before: $39.70 Finish day of posting:$39.80Current:$27.78
ERF Price day before: $39.21 Finish day of posting:$39.25Current:$43.29US
--------Nov 15, 2007---------
Maintained HOLD
Price Target reduced to $43.50 from $47.50Cdn
ERF Priceday before: $40.61 Finish day of posting:$41.11Current:$27.78
ERF Price day before: $42.22 Finish day of posting:$42.54Current:$43.29US
--------Apr 25, 2007---------
Maintained HOLD
Price Target reduced to $46.50 from $48.00Cdn (Target Hit July 24. 2007)
ERF Priceday before: $48.57 Finish day of posting:$48.55Current:$27.78
ERF Price day before: $43.24 Finish day of posting:$43.37Current:$43.29US
-----Nov 06, 2006-------
Maintained HOLD
Price Target reduced to $46.00 from $58.50Cdn (Target Hit Nov 13, 2006)
ERF Priceday before: $49.80 Finish day of posting:$51.40Current:$27.78
ERF Price day before: $44.26 Finish day of posting:$44.54Current:$43.29US
**********************
Cristina Lopez ....... Tristone……June 04, 2009
Upgraded to OUTPERFORM from SECTOR PERFORM
Target raised to $31.00 from $28.00C
ERF Priceday before: $25.39 Finish day of posting:$26.30Current:$27.78
---------May 11, 2009---------
Downgraded to MARKET PERFORM from OUTPERFORM
Target $28.00C
ERF Priceday before: $27.20 Finish day of posting:$26.64Current:$27.78
---------Apr 20, 2009---------
Target reduced to $28.00 from $30.00C
ERF Priceday before: $23.53 Finish day of posting:$21.84Current:$27.78
--------Dec 19, 2008--------
Target reduced to$32.00 from $36.00C
ERF Priceday before: $22.52 Finish day of posting:$22.97Current:$27.78
-------Nov 25, 2008-----
Target reduced to$36.00 from $40.00C
ERF Priceday before: $25.48 Finish day of posting:$26.57Current:$27.78
-------Oct 06, 2008---------
Target reduced to$44.00 from $59.00C
ERF Priceday before: $36.16 Finish day of posting:$32.51Current:$27.78
************************
Grant Hofer.......UBS.........June 04, 2009
Downgraded to NEUTRAL from BUY
Target reduced to $25.00 from $30.00C
ERF Priceday before: $25.39 Finish day of posting:$26.30Current:$27.78
---------May 11, 2009---------
Maintained BUY
Target raised to $30.00 from $23.00C
ERF Priceday before: $27.20 Finish day of posting:$26.64Current:$27.78
-------May 15, 2008------
Upgraded to BUY from NEUTRAL
ERF Priceday before: $47.28 Finish day of posting:$47.93Current:$27.78
***************************
Brad Borggard.......CIBC World Markets.........May 11, 2009
Maintained SECTOR PERFORM
Target raised to $28.50 from $27.25C
ERF Priceday before: $27.20 Finish day of posting:$26.64Current:$27.78
------Apr 09, 2009-----
Maintained SECTOR PERFORM
Target reduced to$27.25 from $28.50C (Target Hit May 08, 2009)
ERF Priceday before: $22.42 Finish day of posting:$22.85Current:$27.78
--------Feb 27, 2009------
Maintained SECTOR PERFORM
Target reduced to$28.50 from $31.00C
ERF Priceday before: $21.61 Finish day of posting:$21.56Current:$27.78
-------Feb 18, 2009------
Maintained SECTOR PERFORM
Target reduced to$31.00 from $36.00C
ERF Priceday before: $22.87 Finish day of posting:$21.93Current:$27.78
-------Dec 10, 2008------
Maintained SECTOR PERFORM
Target reduced to$36.00 from $44.00C
ERF Priceday before: $24.04 Finish day of posting:$25.17Current:$27.78
--------Oct 21, 2008------
Downgraded to SECTOR PERFORM from OUTPERFORM
Target reduced to$44.00 from $59.00C
ERF Priceday before: $33.49 Finish day of posting:$31.51Current:$27.78
--------July 08, 2008--------
Upgraded to OUTPERFORM from SECTOR PERFORM
Target raised to$62.00 from $55.50C
ERF Priceday before: $42.16 Finish day of posting:$41.80Current:$27.78
--------May 12, 2008-------
Downgraded to SECTOR PERFORM from OUTPERFORM
ERF Priceday before: $48.15 Finish day of posting:$47.53Current:$27.78
--------May 07, 2007--------
Upgraded to OUTPERFORM from SECTOR PERFORM
ERF Priceday before: $49.80 Finish day of posting:$49.95Current:$27.78
ERF Price day before: $44.92 Finish day of posting:$45.37Current:$43.29US
-------Feb 07, 2006-------
Downgraded to SECTOR PERFORM from OUTPERFORM
ERF Priceday before: $63.20 Finish day of posting:$61.35Current:$27.78
ERF Price day before: $55.16 Finish day of posting:$53.15Current:$43.29US
------Nov 24, 2005-------
Upgraded to OUTPERFORM from SECTOR PERFORM
ERF Priceday before: $51.05 Finish day of posting:$53.60Current:$27.78
ERF Price day before: $43.45 Finish day of posting:$43.58Current:$43.29US
------Sept 22, 2005-------
Maintained SECTOR PERFORM
Price Target raised to $62.00 from $55.00Cdn (Target Hit Feb 03, 2006)
ERF Priceday before: $51.57 Finish day of posting:$50.60Current:$27.78
ERF Price day before: $44.10 Finish day of posting:$43.32Current:$43.29US
*******************
Dirk Lever.......RBC Capital Markets..........June 24, 2008
Upgraded to OUTPERFORM from SECTOR PERFORM
ERF Priceday before: $47.89 Finish day of posting:$47.01Current:$27.78
------May 12, 2008-------
Maintained SECTOR PERFORM
Price Target raised to $47.00 from $44.00Cdn
ERF Priceday before: $48.15 Finish day of posting:$47.53Current:$27.78
--------Oct 15, 2007----------
Downgraded to SECTOR PERFORM from OUTPERFORM
ERF Priceday before: $45.07 Finish day of posting:$45.17Current:$27.78
ERF Price day before: $46.25 Finish day of posting:$46.17Current:$43.29US
--------Aug 27, 2007------
Upgraded to OUTPERFORM from SECTOR PERFORM
ERF Priceday before: $43.06 Finish day of posting:$43.08Current:$27.78
ERF Price day before: $41.20 Finish day of posting:$40.80Current:$43.29US
**********************
Brian Ector........Scotia Capital.............Feb 14, 2008
Maintained SECTOR PERFORM
Price Target reduced to $42.00 from $49.00Cdn (Target Hit Feb 19, 2007)
ERF Priceday before: $40.24 Finish day of posting:$40.38Current:$27.78
ERF Price day before: $40.33 Finish day of posting:$40.30Current:$43.29US
-------Apr 14, 2007-----
Maintained SECTOR PERFORM
Price Target reduced to $51.00 from $53.00Cdn (Target Hit May 09, 2007)
ERF Priceday before: $48.80 Finish day of posting:$48.80Current:$27.78
ERF Price day before: $42.90 Finish day of posting:$43.03Current:$43.29US
------Nov 02, 2006-----
Maintained SECTOR OUTPERFORM
Price Target reduced to $53.00 from $65.00Cdn
ERF Priceday before: $52.50 Finish day of posting:$47.90Current:$27.78
ERF Price day before: $46.25 Finish day of posting:$42.29Current:$43.29US
--------Mar 19, 2004--------
Maintained SECTOR UNDERPERFORM
Price Target $32.00Cdn
ERF Priceday before: $39.40 Finish day of posting:$38.98Current:$27.78
ERF Price day before: $29.68 Finish day of posting:$29.27Current:$43.29US
------June
06, 2003--------
Downgraded to SECTOR UNDERPERFORM from SECTOR PERFORM
Price Target $27.50Cdn
ERF Priceday before: $33.00 Finish day of posting:$32.09Current:$27.78
ERF Price day before: $24.60 Finish day of posting:$23.70Current:$43.29US
***********************
Bruce McDonald.......Canaccord Capital...........Aug 03, 2007
Upgraded to BUY from HOLD
Price Target $50.00Cdn
ERF Priceday before: $46.30 Finish day of posting:$45.69Current:$27.78
ERF Price day before: $43.95 Finish day of posting:$43.43Current:$43.29US
------June 28, 2007--------
Downgraded to HOLD from BUY
ERF Priceday before: $49.69 Finish day of posting:$49.60Current:$27.78
------May 07, 2007--------
Maintained BUY
Price Target $52.00Cdn
ERF Priceday before: $49.80 Finish day of posting:$49.95Current:$27.78
ERF Price day before: $44.92 Finish day of posting:$45.37Current:$43.29US
------Sept 23, 2006-------
Upgraded to BUY from HOLD
Price Target reduced to $57.00 from $65.00Cdn
ERF Priceday before: $52.77 Finish day of posting:$53.10Current:$27.78
ERF Price day before: $47.18 Finish day of posting:$47.50Current:$43.29US
------Aug 04, 2006-------
Maintained HOLD
Price Target raised to $65.00 from $60.00Cdn
ERF Priceday before: $65.10 Finish day of posting:$65.78Current:$27.78
ERF Price day before: $58.00 Finish day of posting:$58.27Current:$43.29US
--------Feb 27, 2006--------
Downgraded to HOLD from BUY
Price Target $60.00Cdn
ERF Priceday before: $59.65 Finish day of posting:$58.25Current:$27.78
ERF Price day before: $51.54 Finish day of posting:$51.10Current:$43.29US
-------Feb 15, 2006-----------
Upgraded to BUY from HOLD
Price Target $60.00Cdn (Target Hit Feb 20, 2006)
ERF Priceday before: $55.01 Finish day of posting:$56.83Current:$27.78
ERF Price day before: $47.60 Finish day of posting:$47.59Current:$43.29US
-----Sept 22, 2005-----
Maintained BUY
Price Target raised to $54.00 from $50.00Cdn (Target Hit Nov 30, 2006)
ERF Priceday before: $51.57 Finish day of posting:$50.60Current:$27.78
ERF Price day before: $44.10 Finish day of posting:$43.32Current:$43.29US
--------May 18, 2005--------
Maintained HOLD
Price Target $44.00Cdn
ERF Priceday before: $43.10 Finish day of posting:$42.35Current:$27.78
ERF Price day before: $34.05 Finish day of posting:$33.58Current:$43.29US
------May 09, 2005-------
Maintained HOLD
Price Target $44.00Cdn (Hit Target)
ERF Priceday before: $44.86 Finish day of posting:$44.75Current:$27.78
ERF Price day before: $36.08 Finish day of posting:$36.17Current:$43.29US
------June 08, 2004------
Upgraded to BUY from HOLD
Price Target $41.00Cdn (Hit Target Sept 24, 2004)
ERF Priceday before: $40.39 Finish day of posting:$39.36Current:$27.78
ERF Price day before: $33.77 Finish day of posting:$32.92Current:$43.29US
-------May 10, 2004------
Maintain HOLD
Price Target $34.00Cdn (Hit Target)
ERF Priceday before: $35.00 Finish day of posting:$32.90Current:$27.78
ERF Price day before: $25.30 Finish day of posting:$23.66Current:$43.29US
*******************
Manolis Liodakis PhD ............Citigroup Smith Barney….Oct 16, 2006
Downgraded to ATTRACTIVE 2 from ATTRACTIVE 1
ERF Priceday before: $58.28 Finish day of posting:$59.50Current:$27.78
ERF Price day before: $51.12 Finish day of posting:$52.36Current:$43.29US
********************************************************
Andrew Fairbanks ....... Merrill Lynch……Nov 24, 2005
New NEUTRAL
ERF Priceday before: $49.92 Finish day of posting:$49.83Current:$27.78
ERF Price day before: $42.26 Finish day of posting:$41.95Current:$43.29US
********************************************************
Garett Ursu ....... Raymond James……Sept 22, 2005
Upgraded to STRONG BUY from OUTPERFORM
ERF Priceday before: $51.57 Finish day of posting:$50.60Current:$27.78
ERF Price day before: $44.10 Finish day of posting:$43.32Current:$43.29US
********************************************************
Kurt Molnar ....... First Associates……Mar 04, 2005
Maintained HOLD
ERF Priceday before: $48.25 Finish day of posting:$48.00Current:$27.78
ERF Price day before: $38.78 Finish day of posting:$38.93Current:$43.29US
**************
Dirk Lever........National Bank............Nov 14, 2003
Maintained UNDERPERFORM
Price Target $27.50Cdn
ERF Priceday before: $36.45 Finish day of posting:$36.45Current:$27.78
ERF Price day before: $28.04 Finish day of posting:$28.02Current:$43.29US
-----August
18, 2003
Downgraded to UNDERPERFORM from SECTOR PERFORM
Price Target raised to $27.50 from $26.50Cdn
ERF Priceday before: $35.29 Finish day of posting:$35.63Current:$27.78
ERF Price day before: $25.50 Finish day of posting:$25.61Current:$43.29US
********************************************************
Philip
R. Skolnick........Lehman Brothers.............June 05, 2003
Downgraded to EQUAL WEIGHT from OVERWEIGHT
Price Target $24.00US (Hit Target)
ERF Priceday before: $33.45 Finish day of posting:$33.00Current:$27.78
ERF Price day before: $24.63 Finish day of posting:$24.60Current:$43.29US
********************************************************
Enerplus Resources Fund
Short Positions TSX
Date Outstanding Price Range
Aug 16 to 31, 2011 $29.73 to $26.16
Aug 01 to 15, 2011 4,718,595 $30.20 to $24.25
July 16 to 31, 2011 4,596,824 $30.28 to $29.34
July 01 to 15, 2011 4,454,762 $31.05 to $29.40
Triggered by Kyle Preston ....... Canaccord/Genuity target $31.50
May 01 to 15, 2011 2.78million $31.17 to $28.84
Apr 16 to 29, 2011 1.54million $30.63 to $29.06
Apr 01 to 15, 2011 1.54million $31.03 to $29.03
Mar 16 to 31, 2011 1.07million $31.21 to $28.93
Mar 01 to 15, 2011 822,647 $31.78 to $27.48
Feb 16 to 28, 2011 1.55million $32.32 to $30.40
Feb 01 to 15, 2011 1.38 million $32.46 to $30.38
Jan 16 to 31, 2011 1.77 million $32.83 to $30.80
Jan 01 to 15, 2011 1.06 million $32.82 to $30.84
Dec 16 to 31, 2010 1.10million $31.84 to $28.37
Dec 01 to 15, 2010 1.07million $30.90 to $28.91
Nov 16 to 30, 2010 1.20million $29.59 to $26.76
Nov 01 to 15, 2010 1.28million $29.67 to $27.70
Oct 16 to 31, 2010 1.24million $28.20 to $26.92
Oct 01 to 15, 2010 1.30million $27.32 to $26.28
Sept 16 to 30, 2010 1.25million $26.57 to $24.14
Sept 01 to 15, 2010 1.12million $24.96 to $24.22
Aug 16 to 31, 2010 1.65million $24.45 to $23.07
Aug 01 to 15, 2010 1.77million $24.20 to $23.24
July 16 to 30, 2010 1,699,512 $23.97 to $22.72
July 01 to 15, 2010 1,778,037 $23.40 to $22.53
June 16 to 30, 2010 1,781,705 $24.15 to $22.80
June 01 to 15, 2010 1,554,953 $24.12 to $22.30
May 16 to 31, 2010 1,285,555 $23.87 to $21.51
May 01 to 15, 2010 1,334,811 $25.07 to $18.22
Apr 16 to 30, 2010 1,249,191 $25.00 to $23.50
Apr 01 to 15, 2010 1,183,575 $24.52 to $23.64
Mar 16 to 31, 2010 1,187,141 $24.18 to $23.30
Mar 01 to 15, 2010 856,913 $24.20 to $23.60
Feb 16 to 28, 2010 849,547 $23.58 to $22.83
Feb 01 to 15, 2010 803,218 $23.88 to $22.45
Jan 16 to 31, 2010 869,362 $24.60 to $22.46
Jan 01 to 15, 2010 678,357 $24.96 to $23.97
Dec 16 to 31, 2009 683,984 $24.35 to $23.73
Dec 01 to 15, 2009 708,888 $24.34 to $23.19
Nov 16 to 30, 2009 657,736 $24.69 to $23.60
Nov 01 to 15, 2009 911,795 $24.85 to $23.28
Oct 16 to 30, 2009 897,018 $25.80 to $23.10
Oct 01 to 15, 2009 676,314 $25.11 to $23.06
Sept 16 to 30, 2009 812,881 $24.82 to $23.66
Sept 01 to 15, 2009 738,964 $24.23 to $22.21
Aug 17 to 31, 2009 2,643,223 $23.20 to $21.60
Aug 04 to 14, 2009 683,176 $24.48 to $22.80
July 16 to 30, 2009 499,656 $23.96 to $22.35
July 02 to 15, 2009 626,827 $24.80 to $21.28
June 16 to 30, 2009 481,672 $26.83 to $22.88
June 01 to 15, 2009 621,492 $27.39 to $25.09
May 19 to 26, 2009 364,516 $26.44 to $24.50
May 01 to 15, 2009 258,872 $27.36 to $22.57
Apr 16 to 30, 2009 213,746 $23.87 to $21.76
Apr 01 to 15, 2009 256,607 $23.20 to $20.42
Mar 16 to 31, 2009 221,365 $22.36 to $18.84
Mar 13, 2009 164,237 $21.16 to $16.75
Feb 27, 2009 171,076 $23.95 to $18.50
Feb 13, 2009 300,438 $26.30 to $23.12
Jan 31, 2009 265,057 $28.00 to $25.16
Jan 15, 2009 412,597 $27.92 to $23.85
Dec 31, 2008 308,951 $25.09 to $21.53
Dec 15, 2008 617,849 $29.06 to $22.45
Nov 28, 2008 898,944 $30.25 to $22.01
Nov 14, 2008 974,592 $32.84 to $24.95
Oct 31, 2008 1,040,116 $33.49 to $26.75
Oct 15, 2008 866,179 $39.75 to $24.50
Sept 30, 2008 852,834 $41.74 to $35.57