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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (29168)12/6/2007 12:32:18 PM
From: rllee  Read Replies (2) | Respond to of 78661
 
EnerVest (EVDVF.pk), looks interesting now at a possible double bottom. What is its yield and what is the tax consequence or net yield for a U. S. investor?



To: Paul Senior who wrote (29168)6/6/2008 3:20:57 PM
From: Paul Senior  Read Replies (1) | Respond to of 78661
 
I'll take more shares of Enervest Diversified Income Trust at current price.

enervest.com

As mentioned previously, dividend is .07 Canadian per month (less 15% Canadian tax witholding). That's about a 12% yield on EVDVF.pk.

I like Enervest's diversification and emphasis on Canadian oil/gas/infrastructure. Some companies held are in oil sands or other "hot" areas. EVDVF also holds companies I'm not familiar with supplying pipelines/storage to some of these areas, e.g. Keyera Facilities (no. 2 holding). Of course with Enervest's diversity, I'm going to get stocks in there that are not so attractive to me too.

Anyway, imo, seems like an okay way to play energy in a "mom" account. (Person managing the account would have to be aware of changing of the trust tax in couple of years. Otherwise, could be a buy-and-forget stock (fund) --- if such a thing were even possible.