Greg/Energy Trusts
In your examination of energy trusts, you may wish to look at Shiningbank Energy. (T-SHN.UN) I have a position because I liked the company's light oil and gas assets, weighted toward gas. Management is well-respected.( Chairman is Arne Nielsen.) Quarterly distributions have dropped somewhat since I bought in, but that's not surprising given current oil pricing. However, I think SHN.UN distribution has dropped to a lesser degree than some other trusts. Even so, yield is still excellent and provides a continuing, solid source of income for a long-term investor.
Wood Gundy puts out an energy trust newsletter on a frequent basis. The analyst is Brian Ector and I think he is in their Calgary office, although, regrettably, I do not have his telephone number.
Good luck in your search. I, and perhaps others, would be interested to hear where, if, you land on an energy trust.
Kind regards
TM |
