Posted 06 November 2006 - 08:41 AM
John, the CBO article graded trusts "on their ability to provide healthy distributions for a reasonable price." Maybe the relatively low yield of Peyto hurt its rating.
It's been a comparitively rough last 15 months, but I don't think the trust's focus has changed. If we're now in a years-long bear market for natural gas (and as I recall you think we have weakness into next year, at least) then the party's over.
Peyto is the lowest-cost producing trust that I know of. Not much over $2 Canadian for each barrel of energy equivalent. Can't beat that. It's always been conservative with dividends, preferring growth, and expecially growth via the drillbit rather than buying reserves. For the share price it really paid off through mid-2005.
I think the long-term future for NG prices is bullish, but let's say we have a warm winter in the US. Stocks are sky-high right now, and without a cold winter's drawdown I'd say we see a big NG price decline coming out of winter. Peyto had an incredible run from its inception, but that's quite a top and move down in progress. NG going down would impact the shares.
Peyto has a pretty good website, and here's one slide from a slide presentation available for downloading/viewing. I note that in many rankings Daylight did very well -- better than I would have predicted.
Posted 06 November 2006 - 09:10 AM
I bought a little YLO.UN on Thursday at $12.55. I will look to add an energy trust or two today. Note Friday's trade and the volumes in YLO.UN and AET.UN.
SH Top-Five Income Trust Advancers
Friday, November 3, 2006
By Sean Mason
Income trusts managed to trim some of its two-day losses Friday, as the sector gained more than 4%.
Yellow Pages Income Fund (TSX: T.YLO.UN, BullBoards) was the most-actively traded trust on Friday, as its unit price rose 3.2% on more than eight million units traded. ARC Energy Trust (TSX: T.AET.UN, BullBoards) and CI Financial Income Fund (TSX: T.CIX.UN, BullBoards) also traded vigorously, both of which gained more than 3%.
Shares of BCE Inc. (TSX: T.BCE, BullBoards), one of Canada's top telecommunications companies that recently announced plans for an income trust conversion, were unchanged on Friday. Telus Corp. (TSX: T.T, BullBoards) shares, however, slipped 35 cents to $57.38.
Here are some of the best performing Canadian income trusts on Friday, November 3, 2006:
1. HLD Land Development Limited Partnership (TSX: V.HLD.UN, BullBoards) + 25%
2. High Arctic Energy Services Trust (TSX: T.HWO.UN, BullBoards) + 17%
3. Cineplex Galaxy Income Fund (TSX: T.CGX.UN, BullBoards) + 16%
4. North West Company Fund (TSX: T.NWF.UN, BullBoards) + 15.6%
5. Drive Products Income Fund (TSX: T.DPI.UN, BullBoards) + 15.2%
Posted 06 November 2006 - 12:47 PM
Posted 06 November 2006 - 01:04 PM
Posted 07 November 2006 - 11:49 AM
Posted 15 November 2006 - 10:03 AM
Posted 15 November 2006 - 01:44 PM
Oilpatch outrage? Give me a break
I would have to say given everything I have read, the Tories messed up with the energy sector. They did not think through the full impact of their proposed tax scheme. This will probably only come to light in the coming weeks/months.
I like the gas weighted trusts in here.
BTW, I think SND.UN will prove to be a wise choice. Are you buying primarily for income?
Posted 15 November 2006 - 03:19 PM
Posted 15 November 2006 - 09:32 PM