What to Do With PrimeWest

PRIMEWEST ENERGY TRUST $25.10 (Toronto symbol PWI.UN; SI Rating: Speculative) is now the subject of a $26.75 per unit cash takeover bid from subsidiaries of the Abu Dhabi National Energy Co.

After merging with Shiningbank Energy Trust (a recommendation of Canadian Wealth Advisor) in July, 2007,… Read More

Two Trust Buys for Income & Growth

PRIMEWEST ENERGY TRUST $21.93 (Toronto symbol PWI.UN; SI Rating: Speculative) is a Calgary-based oil and gas royalty trust with operations in both western Canada and Montana, North Dakota and Wyoming in the U.S.

PrimeWest’s revenues rose 28.2% in the three months ended June 30, 2007, to… Read More

What to do with Shiningbank

SHININGBANK ENERGY INCOME FUND $13.83 (Toronto symbol SHN.UN; SI Rating: Speculative) is now the subject of a takeover bid by PrimeWest Energy Trust $22.78, symbol PWI.UN on Toronto.

Shiningbank unitholders will receive 0.62 of a PrimeWest unit (with a current value of $14.12). The exchange of… Read More