Enerplus made a drastic, yet necessary move in June, when the company chopped its dividend in half. Although shareholders never want to see high-paying dividends decreased, Enerplus needed to take a hardline to increase the company's unappealing liquidity picture. However, even after reducing its dividend, the company still faces significant headwinds going forward, including operating in highly capital intensive plays, and a looming $400 million debt hurdle before 2015.