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

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