This now sees 47% of its net crude production for the first half of 2015 hedged at a West Texas Intermediate or WTI price of US$93.58 per barrel and 24% of its second half production hedged at US$93.86 per barrel. These hedging positions along with growing production will help to protect Enerplus' cash flow allowing it to fund its financial obligations and mitigate the risk of a dividend cut. Enerplus has a solid balance sheet with a low degree of leverage with net debt currently at 1.3 times cash flow. Impressively, it flagged in its 2015 guidance that its degree of leverage would remain low with the company targeting net debt for 2015 to remain below two times cash flow. It also has a high degree of liquidity with cash on hand of $2.1 million and access to $925 million in debt through an existing credit facility. This solid balance sheet and low degree of leverage likewise bodes well for Enerplus to ride out the rout in crude prices and continue funding its operations as well as its dividend. Now what?