| Business Summary | | Enerplus
Resources
Fund,
established
in
1986,
is
a
Calgary-based
oil
and
gas
royalty
trust,
actively
engaged
in
the
acquisition,
development,
production
and
sale
of
crude
oil,
natural
gas,
and
natural
gas
liquids.
The
Company
is
Canada's
oldest
oil
and
natural
gas
income
fund
trading
on
The
Toronto
Stock
Exchange
and
as
of
November
17,
2000,
the
first
Canadian
oil
and
natural
gas
income
fund
to
trade
on
the
New
York
Stock
Exchange.
The
Fund
pays
regular
monthly
cash
distributions
to
all
unitholders
on
the
20th
day
of
the
month.
Enerplus
has
approximately
20,700,000
trust
units
outstanding. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Enerplus
Resources
Fund
is
an
energy
advisory
and
management
corporation
providing
a
wide
range
of
specialized
investment
services
for
investors.
For
the
three
months
ended
3/31/01,
revenues
totaled
C$56.4
million,
up
from
$27.5
million.
Net
income
totaled
C$34.3
million,
up
from
C$12.4
million.
Revenues
reflect
an
increase
in
natural
gas
production
volume
and
an
increase
in
the
average
selling
price.
Net
income
also
reflects
an
improvement
in
gross
profit
margin. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
109,321;
after
tax
earnings
were
58,457. (Preliminary; reported in thousands of Canadian Dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Gordon Kerr | Pres,
CEO, Chief Financial Officer, Director | Eric Tremblay | Sr.
VP of Capital Markets, Director | Heather Culbert | Sr.
VP of Corp. Services | Verne Johnson | Sr.
VP of Funds Management | Wayne Foch | VP-Fin. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|