Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, January 14, 2011

Article Excerpt

PLEASE NOTE: Next week, Stock Pickers Digest will reveal its #1 pick for 2011. Don’t miss this unique opportunity to profit. ZARGON OIL & GAS LTD., $21.90, symbol ZAR on Toronto, is the new name of Zargon Energy Trust following its conversion to a dividend-paying corporation on January 7, 2011. The move is in response to Ottawa’s new tax on income trust distributions, which came into effect on January 1, 2011. Zargon must now pay corporate taxes. As a result, it plans to lower its monthly dividend by 22.2% with the February 2011 payment. That will give the stock a 7.7% yield. The company produces oil and natural gas in Alberta, Manitoba, Saskatchewan and North Dakota. Its output is weighted 58% to oil and 42% to natural gas. This diversification helps cut its risk. Zargon Oil & Gas is a buy. CYBERPLEX, $0.24, symbol CX on Toronto, dropped sharply this week after the company lowered its revenue forecast for the fourth quarter…

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