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

Three stable oil and gas trusts to buy now

These three royalty trusts have seen their revenue and cash flow fall because of lower oil and natural-gas prices. Nevertheless, with their reasonable debt and low payout ratios, all three are well positioned to withstand these lower prices — and to prosper when oil and… Read More

High income at reasonable risk

Low oil and natural gas prices have prompted Pengrowth to lower production and cut its distributions. However, these moves put the trust in a strong position to quickly increase cash flow and distributions when prices rebound. As well, Pengrowth’s reasonable debt should let it take… Read More

PENGROWTH ENERGY TRUST $7.13 (Toronto symbol PGF.UN

PENGROWTH ENERGY TRUST $7.13 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 256.1 million; Market cap: $1.8 billion; Price-to-sales ratio: 1.0; SI Rating: Average) is one of North America’s largest energy royalty trusts. It owns all or part of several oil and natural-gas… Read More

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

Royalty trusts: Acquisitions work for Pengrowth

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

Royalty trusts: Crescent Point aims to grow

CRESCENT POINT ENERGY TRUST $35 (Toronto symbol CPG.UN; SI Rating: Speculative) continues to use its strong cash flow to boost production, increase exploration and development activities and raise distributions.

Crescent Point has announced an 89% increase in its 2008 exploration and development budget, to $425 million… Read More

Royalty trusts: Cash flow’s up at Pengrowth

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