10:01 AM EST - Enerplus Corporation : announced 2012 year-end results. Despite the collapse in natural gas prices during 2012, funds flow for the year totaled $644 million ($3.29 per share), up 12% from 2011 due to higher oil production, improved netbacks as well as gains from the company’s hedging program. As a result, Enerplus ended 2012 in a strong financial position with a debt to trailing 12-month funds flow ratio of 1.7 times, virtually unchanged from 2011. Enerplus had approximately $740 million of unused capacity on its $1-billion credit facility at December 31, 2012. Enerplus Corporation
shares T.ERF are trading up $0.32 at $12.76.
