Three stable oil and gas trusts to buy now

These three royalty trusts have seen their revenue and cash flow fall because of lower oil and natural-gas prices. Nevertheless, with their reasonable debt and low payout ratios, all three are well positioned to withstand these lower prices — and to prosper when oil and… Read More

Penn West Energy Trust $16.04 – Toronto symbol PWT.UN

PENN WEST ENERGY TRUST $16.04 (Toronto symbol PWT.UN; Shares outstanding: 384.4 million; Market cap: $6.2 billion; SI Rating: Speculative) is the largest conventional oil and gas trust in North America.

In the three months ended September 30, 2008, Penn West’s revenue rose 113.6%, to $1.2 billion… Read More

Three Safety-conscious Oil & Gas Trusts

These three trusts now trade at low multiples to cash flow based on the 12 months to September 30, 2008. However, oil and gas prices have fallen sharply since the end of the third quarter, which will cut their cash flow in the fourth quarter… Read More

Updates on Our Oil & Gas Royalty Trusts

ARC ENERGY TRUST $32.88 (Toronto symbol AET.UN; SI Rating: Speculative) produces oil and gas in western Canada.

In the three months ended March 31, 2008, ARC’s revenue rose 32.5%, to $407.9 million from $307.8 million. Cash flow per unit rose 18.1%, to $0.98 from $0.83. The… Read More

What To Do With Endev

ENDEV ENERGY INC. $1.41 (Toronto symbol ENE; SI Rating: Speculative) (1-888- 739-4623; www.endevenergy.com; Shares outstanding: 88.7 million; Market cap: $125.0 million) jumped recently after receiving a buyout offer from Penn West Energy Trust, $35, symbol PWT.UN on Toronto.

Endev shareholders will receive 0.041 of a Penn… Read More

The Stock Pickers Digest Hotline – Friday, May 23, 2008

ENDEV ENERGY INC., $1.34, symbol ENE on Toronto, rose over 13% this week after receiving a buyout offer from Penn West Energy Trust, $33.81, symbol PWT.UN on Toronto.

Endev shareholders will receive 0.041 of a Penn West unit for each Endev share held, which is… Read More

Three Oil & Gas Trusts for Steady Gains

ARC ENERGY TRUST $24.39 (Toronto symbol AET.UN; SI Rating: Speculative) produces oil and gas in western Canada.

In the three months ended December 31, 2007, ARC’s revenue rose 15.6%, to $338 million from $292.5 million. Cash flow per unit rose 6.5%, to $0.82 from $0.77. The… Read More

Penn West is Now the Biggest

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… Read More

PENN WEST ENERGY TRUST $33.70 – Toronto symbol PWT.UN

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… Read More

Four Oil & Gas Trusts with Steady Yields

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… Read More