Canadian REITS, Trusts & Dividend Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LLCF who wrote (1035)	5/30/2001 12:39:07 AM
From: Lorne Larson	Read Replies (2) of 11633

$1.06 payout on a $4.60 unit price (todays close) is a yield of 23%. There are many other oil and gas trusts projecting as good or better yields (not that there's anything wrong with 23%! - we really do get jaded with these things don't we). As far as paying down debt, I can't tell from their press releases whether they're using all their excess cash-flow to pay down debt, or just the excess cash-flow from the non-Weyburn assets. I defy anyone to study their press releases and tell me the profitability from Weyburn, and what they are using this profit for - paydown debt, capex, or banking it? Why don't we know this? Maybe I'm just getting paranoid. On a different note if you buy BXL right now at $2.97, you'll get Viking at $8.91. Viking is oil weighted as opposed to NG if you're worried about NG prices collapsing.. Viking pays .20/month which is $2.40/year, which at $8.91 is a yield of 27%. Regards

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next