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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: A Horse With No Name who wrote (41351)	10/14/2008 11:07:04 PM
From: energyplay	1 Recommendation Respond to of 217750

I don't want to seem difficult, but you will need to do your own due diligence to decide if a trust is good for you or not. Risk tolerance, time horizon, tax situation, and other holdings will affect your choice. Some resources - www.mcdep.com Kurt Wulff is a real oil nad gas accountant, used to consult for T.Boone Pickens and others. The Peyto energy presentations have a number of slides which present Peyto relative to a dozen Canadian competitors. I am not recommending Peyto - they have a debt deal every year. However, the company also lists all the insider trading on a link on the first page. There is a thread on SI about Canadian trusts. Big Dog's Boom Boom Room also has discussions of trusts. Do a search on SJT, ERF, PWE, and COSWF and you will find much of this discussion, sometimes recent. If you are subject to US taxes, you should also consider MLPs, which have some tax adantages, but may require some effort by your tax preparer. For US trusts, you want to check their debt structure through the SEC's EDGAR or other authorataive sources. Canada has a similar system called SEDAR. I would not rely on yahoo or even stockhouse. The trusts are not identical. A number of trusts are listed on both US and Candian exchanges. Some, like ERF, have listed stock options. Diversity is also important, for example, some government actions will only affect one ot two trusts. Paramount CA.PMT.un was very hard by an Alberta goernment action about 3 years ago. Paramount, for example, is a relative risk stock. There are also some ETFs and closed end funds that have mostly or all Canroys. Note that some of these Funds employ leverage, which could really hurt (i.e. kill) them if the price of energy goes low enough. The funds can provide diversity and they do most of the due diligence. Good luck - royalty trusts can be fun and profitable.