Updating ZARGON OIL & GAS, MOSAID TECHNOLOGIES INC. and DUNDEE REIT

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ZARGON OIL & GAS $21.61 (Toronto symbol ZAR; TSINetwork Rating: Speculative) (403-264-9992; www.zargon.ca; Shares outstanding: 23.8 million; Market cap: $513.5 million; Dividend yield: 7.8%) is the new name of Zargon Energy Trust following its conversion to a dividend-paying corporation on January 7, 2011. The move is in response to Ottawa’s new tax on income trust distributions, which came into effect on January 1, 2011. Zargon must now pay corporate taxes. As a result, it plans to lower its monthly dividend by 22.2%, to $0.14 a share, with the February 2011 payment. That will give the stock a 7.8% yield. The company produces oil and natural gas in Alberta, Manitoba, Saskatchewan and North Dakota. Its output is weighted 58% to oil and 42% to natural gas. This diversification helps cut its risk. Zargon Oil & Gas is a buy. MOSAID TECHNOLOGIES INC. $32.25 (Toronto symbol MSD; TSINetwork Rating: Extra Risk) (613-599-9539; www.mosaid.com; Shares outstanding: 11.8 million; Market cap: $379.7 million; Dividend yield: 3.1%) has entered…