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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Schnullie who wrote (113472)11/13/2008 11:22:01 AM
From: Schnullie  Read Replies (1) of 206152
 
Excerpt from yesterday's Motley Fool:

Harvest Energy Trust is another company that investors see as having been unfairly assaulted by the markets. While many CAPS members drool at the 28% dividend yield it sports -- "You gotta looooove that Dividend, baby!" says CAPS All-Star Valleycat. And fadiah is another All-Star who looks at the whole sector of Canadian trusts and sees them as undervalued:

I believe that Canadian Energy trusts are way beaten down, too much selling pressure from funds liquidating at any price to ease their liquidity shortages is the major cause of this drop. so if I buy now I will enjoy a very high yield plus an appreciation of commodity prices when all the hysteria that is invading this market will stop, also a back to normal currency rate between CAD and USD. Do you believe that a country with as high a budget deficit as U.S. will have it is currency appreciated in the coming future....

Remember be Greedy when others are fearful...

Indeed, you can look at competitors like Pengrowth Energy (NYSE: PGH), Penn West Energy (NYSE: PWE), or Provident Energy and see that they have all been walking in lockstep. Of course, there are the lingering tax issues for "Canroys" which may reduce those yummy yields in the future.
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