Topic: How To Invest

I own the following trusts: Crescent Point Energy Trust, Canadian Oil Sands Trust Canadian REIT, Pembina Pipeline Income Fund and Labrador Iron Ore Royalty Income Fund. What is your advice on these trusts?

Article Excerpt

Canadian REIT and Pembina Pipeline Income Fund are both recommendations of our Canadian Wealth Advisor newsletter. We see them both as buys. Crescent Point Energy Trust recently converted itself into a conventional corporation. Its new name is Crescent Point Energy Corp. (symbol CPG on Toronto). Crescent Point Energy Corp. is still a buy recommendation of Canadian Wealth Advisor. Canadian Oil Sands Trust, $25.34, symbol COS.UN on Toronto (Units outstanding: 484.4 million; Market cap: $12.3 billion), has a 36.74% interest in Syncrude Canada Ltd. Canadian Oil Sands’ share of Syncrude’s oil production is about 109,500 barrels per day. The trust’s focus on high-cost oil-sands production exposes it to more uncertainty than other high-quality oil companies, and leaves it with more to lose when oil prices fall. Moreover, oil-sands developments may become subject to increasingly strict environmental regulations. The units yield 2.4%. Canadian Oil Sands Trust is okay to hold. Labrador Iron Ore Royalty Income Fund, $31.50, symbol LIF.UN on Toronto (Units…

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