As Sunni militants continue their offensive in western Iraq, the price of oil is surging, as the markets read the unstable situation as further evidence that Iraq will be unable to sustain its oil production levels of around 3.3 million barrels per day.

Enerplus Corporation, formerly known as Enerplus Resources, is an independent oil and gas production company. Since the Trend Spotter signaled a buy on 3/27 the stock gained 11.22% plus pays a 4.43% dividend.