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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (43160)3/4/2006 2:54:47 AM
From: Logain Ablar  Respond to of 69207
 
Harry:

I still have 5 weeks to go for b/4 tax season is over.



To: Johnny Canuck who wrote (43160)3/4/2006 5:54:32 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 69207
 
Buzz on the BullBoards: Posters Place a High Value on Trusts
Friday, March 3, 2006
By Sean Mason

Income trusts are probably to this decade what mutual funds were to the 1990's - all the rage with novice and conservative investors. In fact, it is estimated that more than one million Canadians own units of at least one income trust.

Income trusts are similar to common shares but tend to represent ownership in stable, mature businesses with predictable cash flow. This cash is distributed to unit holders rather than being reinvested back into the company and, because of this, trusts pay no corporate income tax. Income trusts often have higher yields than preferred shares and other fixed-income investments, although they can carry greater risks.

Not surprising, then, the Income Trust forum (go to forum) on the StockHouse BullBoards generates much discussion. One trust that's been creating quite a buzz recently is True Energy Trust (TSX: T.TUI.UN).

True Energy is a junior oil and natural gas company based in Calgary that focuses on exploration, development and production activities within west central Saskatchewan and west central Alberta. The company recently reported that its year-end proved and probable working interest reserves were 30,214 mboe (million barrels of oil equivalents), an increase of 117% compared with 13,922 mboe at December 31, 2004.

Poster nelles mentions a brokerage firm that has an $18.00 target price on its units as well as an "outperform" rating. (go to post)

celica00, however, warns fellow posters to be wary of a broker's notes saying "research reports will try and fool you … Nothing more than creative accounting painting an incorrect picture." (go to post)

firesole even goes so far as to say he/she believes the company is "in a very bad situation; perhaps softened by the increase to their credit-line (I have yet to confirm this)." (go to post)

flattrack, meanwhile, thinks "True has been pushed down way past reasonable. They could cut distribution by 20% and still have a yield of better than 15% on distribution alone. I have been a buyer yesterday and today." (go to post)

To join the True Energy or other income trusts discussions please click here: stockhouse.com

BullBoards Tip of the Week:

"Don't be afraid to ask questions. Who is this person posting? What do others think about this person and their comments?"

Have you seen any interesting posts that should be reported on Buzz on the BullBoards? If so, you can be a BullBoards reporter by sending your contributions to sean.mason@stockgroup.com