Low payouts cut risk for these royalty trusts

Royalty trusts with natural gas exposure are mostly down lately, as higher North American production and lower oil prices have prompted natural gas prices to move down from their highs of $13.50 per million British thermal units in July, to $8.18 U.S. today.

These three royalty… Read More

TRUE ENERGY TRUST $3.31 Toronto Symbol TUI.UN

TRUE ENERGY TRUST $3.31 (Toronto symbol TUI.UN; SI Rating: Speculative) (403-264-8875; www.tketrust.com; Units outstanding: 79.2 million; Market cap: $262.2 million) produces oil and gas mostly in Alberta and Saskatchewan. About 72% of its production is gas.

In the three months ended September 30, 2007, Trilogy’s production… Read More

True Looks to the Future

TRUE ENERGY TRUST $3.51 (Toronto symbol TUI.UN; SI Rating: Speculative) (403- 264-8875; www.tketrust.com; Units outstanding: 79.6 million; Market cap: $279.2 million) is taking measures to cut debt, increase capital spending and lower its cash flow paid as distributions to a more sustainable level.

The company plans… Read More

Following Up On Our Oil & Gas Trust Picks

ZARGON ENERGY TRUST $27.40 (Toronto symbol ZAR.UN; SI Rating: Speculative) (403-264- 9992; www.zargon.ca; Shares outstanding: 17.0 million; Market cap: $466.2 million) has oil and gas production assets in Alberta, Manitoba, Saskatchewan and North Dakota. Output is weighted 56% toward gas and 44% to oil.

In the… Read More

Updating True Energy Trust and Swift Transportation

TRUE ENERGY TRUST $5.73 (Toronto symbol TUI.UN; SI Rating: Speculative) (403-264-8875; www.tketrust.com; Units outstanding: 70.3 million; Market cap: $402.7 million) produces oil and gas in West Central Alberta and West Central Saskatchewan. About 60% of its production is natural gas.

True Energy has announced plans to… Read More