I'm sure this has been discussed before, but I was looking a a
few Canadian oil trusts, such as HTE which is yielding 40.5% and
has continued paying it's monthly dividend. The price has
been hammered (I assume as a result of the price of oil), but does
anyone know if the dividends are at risk like they were when the
bank stocks fell so hard?
Yes the dividends are at risk even after some have cut them if
oil and gas prices continue to decline. Although some trusts have
hedged their production at higher prices and some are low cost
producers which are still making profits in this environment and
will do so even if the price of oil goes to $30. Like Peyto for
example, who have maintained their dividends so far.
I have been buying at these levels and will add the remainder of
my allocation if we go lower still, I also am looking to buy
renewable energy ETF's or individual companies like FSLR and Yingli
etc.
For those interested in gaining further knowledge who are unable
to put the time and resources into it themselves, (like me) could
sign up to
http://www.canadianedge.com/
Posted by jcomptonod on 16th of Feb 2009 at 11:46 am
Doc O and others are the experts on these. I think any 40% yield
is at risk. The real question should be can you profit from
them short term or anyway.
Posted by highnote on 16th of Feb 2009 at 02:20 pm
I own 4 of the different Canadian gas & oil trusts including
HTE, AAV, PWE and PVX. They have provided a nice income but
not only is their stock price down, most have cut their
dividend price (some of them more than once). They are paying
good rates of return and I would imagine that one of these
days the stock price will go up when oil goes back up. Maybe
they are close to their bottoms but it looks like oil will be weak
in 2009. AAV is more a play on Natural Gas - that keeps
falling too! Today nat gas is down another 1%!!
Canadian Oil Trusts
Posted by rap555 on 16th of Feb 2009 at 11:40 am
I'm sure this has been discussed before, but I was looking a a few Canadian oil trusts, such as HTE which is yielding 40.5% and has continued paying it's monthly dividend. The price has been hammered (I assume as a result of the price of oil), but does anyone know if the dividends are at risk like they were when the bank stocks fell so hard?
Dividends at risk
Posted by saturn6 on 17th of Feb 2009 at 06:34 am
Yes the dividends are at risk even after some have cut them if oil and gas prices continue to decline. Although some trusts have hedged their production at higher prices and some are low cost producers which are still making profits in this environment and will do so even if the price of oil goes to $30. Like Peyto for example, who have maintained their dividends so far.
I have been buying at these levels and will add the remainder of my allocation if we go lower still, I also am looking to buy renewable energy ETF's or individual companies like FSLR and Yingli etc.
For those interested in gaining further knowledge who are unable to put the time and resources into it themselves, (like me) could sign up to http://www.canadianedge.com/
Flash Alert
Unloved Energy
http://stockcharts.com/h-sc/ui?s=ERF/UN.TO&p=D&b=5&g=0&id=p38214946092&a=159515960
Title: trusts Are the trusts in
Posted by califman4u on 17th of Feb 2009 at 08:02 am
Are the trusts in your stockcharts the ones you like the most Saturn?
Yes, they are he ones
Posted by saturn6 on 17th of Feb 2009 at 08:36 am
Yes, they are he ones I liked the most when I bought them.
Patience, Rap
Posted by jcomptonod on 16th of Feb 2009 at 11:46 am
Doc O and others are the experts on these. I think any 40% yield is at risk. The real question should be can you profit from them short term or anyway.
Canadian Oil Stocks
Posted by rap555 on 16th of Feb 2009 at 12:28 pm
Sorry about the double posting - guess I hit the button twice.
I own 4 of the
Posted by highnote on 16th of Feb 2009 at 02:20 pm
I own 4 of the different Canadian gas & oil trusts including HTE, AAV, PWE and PVX. They have provided a nice income but not only is their stock price down, most have cut their dividend price (some of them more than once). They are paying good rates of return and I would imagine that one of these days the stock price will go up when oil goes back up. Maybe they are close to their bottoms but it looks like oil will be weak in 2009. AAV is more a play on Natural Gas - that keeps falling too! Today nat gas is down another 1%!!
I'd wait until the triangle
Posted by dylan398 on 16th of Feb 2009 at 12:32 pm
I'd wait until the triangle we're in resolves on way or another...I have a feeling we're in for a BIG move
what does your gut tell
Posted by amp43679 on 16th of Feb 2009 at 03:10 pm
what does your gut tell you? break up or down.
yeah, i liked that one
Posted by amp43679 on 16th of Feb 2009 at 03:32 pm
yeah, i liked that one too.