Pengrowth adds capital

PENGROWTH ENERGY TRUST $10.26 (Toronto symbol PGF.UN; Units outstanding: 289.0 million; Market cap: $3.0 billion; SI Rating: Average) has sold 28.8 million trust units to the public for $10.40 each.

The sale generated roughly $285 million. Pengrowth will put this toward its $1.4-billion long-term debt, which… Read More

These four have long-term appeal

These four resource stocks are more risky than, say, Imperial Oil or EnCana. Still, we feel that their large reserves and low-cost operations put them in a good position to take advantage of rising demand for commodities as the global economy recovers. However, only three… Read More

Two oil and gas trusts with steady yields

ENERPLUS RESOURCES FUND $24.50 (Toronto symbol ERF.UN; Units outstanding: 166.0 million; Market cap: $4.1 billion; SI Rating: Extra Risk) is one of North America’s largest oil and gas trusts. Its production is 60% of natural gas and 40% oil.

Enerplus continues to build a well-diversified portfolio… Read More