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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.

Penn West Energy Trust

Toronto symbol PWI.UN, is the largest conventional oil and gas trust in North America.

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PENN WEST ENERGY TRUST $30.12 (Toronto symbol PWT.UN; SI Rating: Speculative) has agreed to acquire TSX-listed Canetic Resources Trust for $3.8 billion in Penn West units.

The acquisition will make Penn West the largest conventional oil and gas trust in North America, with average daily production of over 200,000 barrels of oil equivalent (weighted 42% to natural gas and 58% to …read more »

PENN WEST ENERGY TRUST $33.70 (Toronto symbol PWT.UN; SI Rating: Speculative) is one of the largest conventional oil and gas trusts in North America. It operates in Saskatchewan, Alberta and British Columbia.

In the three months ended December 31, 2006, Penn West’s revenues rose 4.3%, to $578.5 million from $554.5 million. Cash flow per unit fell 39.4%, to $1.23 from $2.03.

Penn …read more »

Our oil and gas trust recommendations have moved sideways since the start of this year, mainly in line with oil and gas prices.

Oil is currently trading at around $65 U.S. a barrel, down from the record high of over $78 it reached in July of last year. Still, global demand for oil continues to rise. Oil prices are up from …read more »

GUARDIAN MONTHLY HIGH INCOME II FUND $16.06 (CWA Rating: Income) (GGOF Guardian Group of Funds, Commerce Court West, Suite 4100, P.O. Box 201, Toronto, Ontario M5L 1E8. 1-800-668- 5613; Web site: www.ggof.com. Available from brokers) emphasizes more stable real estate investment trusts (REITs), and high-quality, long-lived resource trusts.

We think investors should diversify carefully with trusts, and emphasize those with stable …read more »

PETROFUND ENERGY TRUST $27.94 (Toronto symbol PTF.UN; SI Rating: Speculative) is now the subject of a takeover bid by Penn West Energy Trust $44.30, symbol PWT.UN on Toronto.

Petrofund unitholders will receive 0.6 of a Penn West unit (with a current value of $26.58), as well as 0.12 of a junior exploration company (worth about $0.36) made up of certain assets …read more »

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