This company presents a good opportunity for investors with a minimum of risk, with exceptions as noted. Enerplus, (NYSE:ERF) is a Canadian driller with a good balance sheet and cash flow, that may benefit from the thesis we presented in our introductory article on several Canadian drillers last month. Readers should refer back to it for a detailed analysis of why the Canadian drillers are of interest. The thesis for buying Canadian drillers, that I presented in the Omnibus article works mostly for ERF, as regards their Canadian water-flood activity. The drawback to ERF is that most of their daily production is in the U.S. in areas that may come under challenge from logistical, market pressure, and political ramifications of events outside their direct control. In this article we will take a brief look at their primary assets, but focus on a couple of key areas-cash flow generation and […]