I'm looking at the trusts right now to set up a DRiP with a $50 a month additional share purchase. I figure I do that for 15 years and I'll be VERY pleased with what I'm holding.
I've corresponded with their IR departments and one thing that's emerged is that some of them pay more attention to small investors than others. NAL and NCE, for example, were VERY quick to get back to me and very helpful with providing investor kits, etc.
Now, of course, congeniality isn't everything and so you want to know what the trusts are holding and how sustainable they are.
Pengrowth, of course, is the venerable one. Obviously able to sustain itself given its track record. Enerplus and Enermark are both getting on in age and have earned their respectability.
But Shiningbank REALLY piques my interest because they are so heavily weighted to natural gas. About 70% natural gas, all from west-central Alberta, much of it near Shiningbank Lake. They have some great properties. The trust is only 5 years old, but they have good people and a good focus.
I haven't made my purchase yet, but I'm getting closer. Once that happens, I'm hoping that a solid long-term relationship gets started. If you have any input that may help, let me know.
And if you have any Trusts you favour, let me know about them.
GLTUA,
Marcman |
