PEYTO ENERGY TRUST $17.17 (Toronto symbol PEY.UN; Units outstanding: 121.9 million; Market cap: $2.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 8.4%; www.peyto.com) produces and explores for oil and natural gas in Alberta. Its average daily production of 23,775 barrels of oil equivalent (including natural gas) is weighted 86% toward gas and 14% to oil.

At current production rates, Peyto has …read more »

ZARGON ENERGY TRUST $19.63 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264-9992; www.zargon.ca; Units outstanding: 23.7 million; Market cap: $465.2 million; Dividend yield: 11.0%) has bought privately held Oakmont Energy for about $9.45 million. The purchase price consists of 336,000 Zargon units, plus Zargon will assume about $3.45 million of net debt (including adjustments and transaction costs).

Oakmont produces about 280 barrels …read more »

On January 1, 2011, Ottawa will impose a tax on distributions of income trusts and royalty trusts. (Royalty trusts are a form of income trust. They profit from royalties associated with the sale of oil, natural gas or minerals.) The new tax will put income and royalty trusts on an equal tax footing with regular corporations.

However, as we note …read more »

PENGROWTH ENERGY TRUST $11 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 291.3 million; Market cap: $3.2 billion; Price-to-sales ratio: 2.1; Dividend yield: 7.6%; SI Rating: Average) is one of North America’s largest energy royalty trusts. Its main properties are in Alberta, B.C. and Saskatchewan. The trust also holds interests in other energy projects, such as its 8.4% …read more »

ARC ENERGY TRUST $20.54 (Toronto symbol AET.UN; Units outstanding: 275.0 million; Market cap: $5.6 billion; SI Rating: Speculative; Dividend yield: 5.8%) reports 17.6% higher revenue in the three months ended June 30, 2010, to $276.7 million from $235.2 million a year earlier. Cash flow per unit rose 45.5%, to $0.64 from $0.44. Increased production and higher oil and gas prices …read more »

PENN WEST ENERGY TRUST $19.68 (Toronto symbol PWT.UN; Units outstanding: 452.7 million; Market cap: $8.9 billion; SI Rating: Extra Risk; Dividend yield: 9.1%) is the largest oil and gas trust in North America. It produces an average of 163,700 barrels of oil equivalent per day (weighted 59% to oil and 41% to natural gas).

In the three months ended June …read more »

PEYTO ENERGY TRUST $15.53 (Toronto symbol PEY.UN; Units outstanding: 120.9 million; Market cap: $1.9 billion; SI Rating: Extra Risk; Dividend yield: 9.3%) produces and explores for oil and natural gas in Alberta. Its average daily production of 20,653 barrels of oil equivalent (including natural gas) is weighted 84% toward gas and 16% to oil.

At current production rates, Peyto has proven …read more »

ARC ENERGY TRUST $19.86 (Toronto symbol AET.UN; Units outstanding: 250.9 million; Market cap: $5.0 billion; SI Rating: Speculative; Dividend yield: 6.0%) produces oil and natural gas in western Canada. Its average daily production of 67,207 barrels of oil equivalent (including gas) is weighted 46% to oil and 54% to natural gas.

In the three months ended March 31, 2010, ARC’s revenue …read more »

PENGROWTH ENERGY TRUST $11 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 290.8 million; Market cap: $3.2 billion; Price-to-sales ratio: 2.2; Dividend yield: 7.6%; SI Rating: Average) plans to convert to a corporation before the end of 2010. However, the trust has $2.8 billion of tax credits it can use to offset the income taxes it will have …read more »

PEYTO ENERGY TRUST $13.25 (Toronto symbol PEY.UN; Units outstanding: 120.9 million; Market cap: $1.6 billion; SI Rating: Extra Risk; Dividend yield: 10.9%) produces and explores for oil and gas in Alberta. Its average daily production of 19,133 barrels of oil equivalent (including natural gas) is weighted 83% toward natural gas and 17% to oil.

At current production rates, Peyto has proven …read more »