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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (5776)9/10/2010 11:30:02 AM
From: E_K_S  Read Replies (2) | Respond to of 34328
 
Hi Swan - Can you specify the names of these energy trusts you posted NAL.UN, PGF.UN and PVE.UN.. I can not seem to locate then in the YAHOO Finance database.

Two of my top 10 positions are Canadian Energy Trusts:
finance.yahoo.com
Enerplus Resources Fund Common (NYSE: ERF)
Penn West Energy Trust Ordinary (NYSE: PWE)

I originally bought them for their monthly income (dividend) distributions and their oil & NG assets reserves.

I also own a tracking position in Provident Energy Trust Ordinary
(NYSE: PVX).

I am re-evaluating my Energy Trust holdings and have not been adding to them recently. They all seem to own good in-the-ground assets and from my analysis should still be able to provide good income streams for the years ahead.

The slight negative is the 15% Canadian foreign tax withholding and the future conversion from the Energy Trust structure to a corporate shell. I tend to favor ERF with their large U.S. assets but the recent announcement by PWE of their "exceeded expectations" announcement from horizontal drilling tests is very positive.

I like the diversification that holding Canadian ($) dollar denominated assets provides to my portfolio especially with the possibility of future U.S. ($) inflation in the year(s) ahead.

EKS