Enerplus Corp (ERF)

[rhumphre1]

None the less, something is going to POP fairly soon IMHO and it appears it has already been put into motion with OPEC's last HINT about pricing!

With Conoco, Chevron, Shell and others now starting to feel the SQUEEZ from OPEC by reducing spending, cutting back on share purchases, possible DIVI cuts in the near future..........

Once the HEDGES dry up over the next 6-12 months, it isn't going to be a pretty picture is it?

That tells me OPEC just about has the Global economy where they wanted it......right in their BACK POCKET for now! They have " flexed their muscle " AGAIN, proven they still dictate the markets and very shortly will have the results they were looking for under the guise of HOLDING OIL PRODUCTION LEVELS TO MAINTAIN A FALSE GLUT.

Once a few of the NON OPEC countries start slipping into default, they will be content and this GLUT ISSUE will all be behind us within 6-12 mos. if not sooner!!