Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (7730)	10/1/2004 4:25:28 AM
From: Taikun	Read Replies (1) \| Respond to of 11633

In an environment where the average O&G trust probably yields 11% PEY does occupy a unique position. COS, with their very long RLI has an excuse. Then there's ZAR_U.TO, the next PEY wannabee I hear, with a yield <8% but strong performance YTD. The idea of a trust paying such a low dividend kind of defeats the purpose. I get your point. Then again, ZAR appears to be one of the best performing trusts YTD (compared randomly with 9 others here). finance.yahoo.com finance.yahoo.com finance.yahoo.com

To: TobagoJack who wrote (7730)	10/1/2004 7:55:00 AM
From: Seeker of Truth	Read Replies (2) \| Respond to of 11633

Hi Jay, There are complicating issues. One guy gives you more money but we (Canadians anyway) have to share more of it with the government. Another guy gives you less instant money but the dividend keeps rising and you are free to take your capital gain with a few clicks of the mouse. And less to the government. That said, let's look at some PE ratios. Zar_u.to 18 no track record as a trust pey_u.to 21 hte_u.to 21 But STO 14 CNQ 17 The latter four have all done wonderfully. Somehow, love the DRIP of HTE_U.to as I do, STO and CNQ look like even better buys. Incidentally all the PE's of the other trusts that I could find remind one of the tech bubble. Somebody doubtless will say that it's only cash flow that matters when we move over to resource stocks. ???