Text size: Small font Default font Larger font

Have an account? Please log in.

.
TSI Network
Patrick McKeough is one of Canada’s top safe-money advisors. The Wall Street Journal, Forbes and The Hulbert Financial Digest have all recognized his ability to find stocks with hidden value. He is editor and publisher of The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor; inventor of the Quick Profit/Value System and the ValuVesting System™. A best-selling Canadian author, he wrote Riding the Bull, the book that predicted the 1990s stock-market boom.

TSI Network Topics

Send me email alerts

Send me email alerts

True plans to convert

September 18, 2009 -  Be the first to comment
Posted by: Pat McKeough Filed in: Royalty Trusts
  • Comments
  •  
  •  
.

TRUE ENERGY TRUST $0.84 (Toronto symbol TUI.UN; SI Rating: Speculative) (403-264-8875; www.trueenergy.ab.ca; Units outstanding: 78.5 million; Market cap: $65.9 million) plans to convert itself into a conventional corporation by late October.

The trust’s long-term debt now stands at $110 million. That’s still a high 166.9% of its market cap. But the trust reported cash flow of $10.5 million, or $0.14 a unit, in the latest quarter. This will let it keep paying down debt while maintaining production.

True suspended its monthly distributions earlier this year because of falling energy prices and difficult credit markets, so the conversion won’t affect its payout to unitholders.

True Energy is still a hold.

.

Permalink: http://www.tsinetwork.ca/?p=34455

Tags: , , , ,

Stock Market: Toronto
Ticker:
Suitable for: Aggressive Investing

Related

  • Comments
  •  
  •  
.

Would you like us to inform you when new articles are posted?

What do you think? Go ahead and add your comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.

Comments are closed.

.

Free Subscription to
The Successful Investor Network Daily

  • Daily investment advice you can act on
  • Free access to our special stock market reports
  • Plus much, much more! Try it today

Free Reports

Twitter Facebook
Follow TSI Network on Twitter and Facebook!

TSI Network Products

In today's economy, it's more important than ever to have clear investment advice that is tailored to your own personal goals. This is where Pat McKeough's conservative safe-investing philosophy comes in. Through TSI Network, you get access to reports, monthly newsletters and premium services that go beyond the daily headlines to give you all the advice and information you need to build a portfolio with long-term growth potential. Simply click on the links below to discover which service is right for you.

.
.