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Energy acquisitions expected from Bonavista, Enerplus

Falling energy prices aren't expected to slow acquisitions by cash-rich trusts such as Enerplus Resources and Bonavista Energy.

With Enerplus flush with $500-million after exiting the Joslyn oil sands play, and Bonavista sporting a muscular balance sheet, Peters & Co. analyst Jeff Martin predicted Monday that these two trusts will use acquisitions to build reserves in coming months.