Toronto symbol PGF.UN, produces oil and natural gas in western Canada, as well as offshore Nova Scotia.
We recommend few income trusts. That’s because most trusts involve substantial risk, such as focusing on a single commodity or geographic area.
Here are four trusts we do see as buys. Despite Ottawa’s plan to start taxing trust distributions in 2011, they should continue to pay… Read More
As I’ve said several times in the past few weeks, you can only spot a market bottom (a reversal in a falling trend in stock prices) in hindsight. Then too, a market can hit bottom, put on a healthy bounce, then go back down to… Read More
FORDING CANADIAN COAL TRUST $85 (Toronto symbol FDG.UN) continues to trade below Teck Cominco Ltd.’s takeover offer of $82.00 U.S. in cash plus 0.245 of a Teck class B subordinate voting share. The offer is now worth $97.27 per Fording unit. The deal should close… Read More
Pengrowth Energy Trust $17 (Toronto symbol PGF.UN Aggressive Growth Portfolio, Resources sector; Units outstanding: 248.3 million; Market cap: $4.2 billion; SI Rating: Average) has agreed to acquire Accrete Energy Inc. for $95 million in new units. The purchase price is equal to 35% of Pengrowth’s… Read More
PENGROWTH ENERGY TRUST $17 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 248.3 million; Market cap: $4.2 billion; SI Rating: Average) has agreed to acquire Accrete Energy Inc. for $95 million in new units. The purchase price is equal to 35% of Pengrowth’s… Read More
PENGROWTH ENERGY TRUST $18 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 247.9 million;Market cap: $4.5 billion; SI Rating: Average) owns oil and natural gas properties in Alberta and B.C.
Pengrowth prefers to focus on mature, proven properties that provide it with steady cash… Read More
These three resource income trusts are more volatile than telecom stocks. But we feel their high yields and steady cash flows help offset their risk. As always, you should limit income trusts to no more than 15% of your total portfolio.
PENGROWTH ENERGY TRUST $18 (Toronto… Read More
ARC ENERGY TRUST $32.88 (Toronto symbol AET.UN; SI Rating: Speculative) produces oil and gas in western Canada.
In the three months ended March 31, 2008, ARC’s revenue rose 32.5%, to $407.9 million from $307.8 million. Cash flow per unit rose 18.1%, to $0.98 from $0.83. The… Read More
PENGROWTH ENERGY TRUST $20.11 (Toronto symbol PGF.UN; SI Rating: Average) lost $0.23 a unit in the three months ended March 31, 2008, mostly due to losses on commodity hedging contracts and foreign exchange losses. It lost $0.29 a unit in the year-earlier quarter. However, cash… Read More
PENGROWTH ENERGY TRUST $20 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 247.9 million; Market cap: $5.0 billion; SI Rating: Average) is one of North America’s largest energy royalty trusts. Pengrowth produces oil and natural gas from properties in Alberta, British Columbia and… Read More
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