Steady production supports high payout

PENGROWTH ENERGY TRUST $11 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 291.3 million; Market cap: $3.2 billion; Price-to-sales ratio: 2.1; Dividend yield: 7.6%; SI Rating: Average) is one of North America’s largest energy royalty trusts. Its main properties are in Alberta, B.C…. Read More

Good addition for Pengrowth

PENGROWTH ENERGY TRUST $9.97 (Toronto symbol PGF.UN; Units outstanding: 291.3 million; Market cap: $2.9 billion; SI Rating: Average; Dividend yield: 8.4%) has agreed to buy the 82% of Monterey Exploration (Toronto symbol MXL) that it doesn’t already own for $366 million in Pengrowth units.

Monterey produces… Read More

The Successful Investor Hotline – Friday, July 16, 2010

PENGROWTH ENERGY TRUST, $9.76, Toronto symbol PGF.UN, has agreed to buy the 82% of Monterey Exploration Ltd. (Toronto symbol MXL) that it doesn’t already own. The deal should close in September 2010.

Monterey produces oil and natural gas at properties in Alberta and British Columbia. Pengrowth… Read More

Pengrowth and ARC target steady payouts

ARC ENERGY TRUST $19.86 (Toronto symbol AET.UN; Units outstanding: 250.9 million; Market cap: $5.0 billion; SI Rating: Speculative; Dividend yield: 6.0%) produces oil and natural gas in western Canada. Its average daily production of 67,207 barrels of oil equivalent (including gas) is weighted 46% to… Read More

Tax credits will help maintain its payout

PENGROWTH ENERGY TRUST $11 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 290.8 million; Market cap: $3.2 billion; Price-to-sales ratio: 2.2; Dividend yield: 7.6%; SI Rating: Average) plans to convert to a corporation before the end of 2010. However, the trust has $2.8… Read More

High payout to continue

PENGROWTH ENERGY TRUST $12 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 289.8 million; Market cap: $3.5 billion; Price-to-sales ratio: 2.4; Dividend yield: 7.0%; SI Rating: Average) has proven oil and natural-gas reserves that should last 8.3 years at current production rates. However,… Read More

Higher spending in store for these trusts

ENERPLUS RESOURCES FUND $23.70 (Toronto symbol ERF.UN; Units outstanding: 176.8 million; Market cap: $4.2 billion; SI Rating: Extra Risk; Dividend yield: 9.1%) is one of North America’s largest oil and gas trusts. Its production is 60% natural gas and 40% oil.

Enerplus continues to build a.. Read More

These two trusts should rebound in 2010

Lower oil and natural gas prices weighed on the cash flow and stock prices of these two resource trusts in 2009. However, recent announcements should improve their prospects in 2010.

PENGROWTH ENERGY TRUST $11 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 289.5 million;… Read More