Monday, March 24, 2008

Top Canadian Income Trusts

Since the price of oil has eased off a bit from its high recently, investors have been looking at Canadian Income Trusts, also known as Canadian Oil Income Trusts or Canadian Royalty Trusts. These trusts pay a very high income. These trusts pass through all their earnings from oil and gas wells to the trust holders, similar to real estate investment trusts. There is no taxation at the corporate level since they are structured as trusts. Also, a portionof the dividends may be non-taxable due to depletion and depreciation deductions.
A lot of changes have taken place with these trusts during the last year, including mergers, delistings, and payout terminations.
You should be aware that the Canadian government came out with a plan to tax all Canadian trusts at the corporate level beginning in the year 2011. However, the average yield from Canadian trusts is still higher than the U.S. royalty trusts.
Below is a list of the Canadian Royalty Trusts that are traded on United States stock exchanges.

Harvest Energy (HTE) is a Calgary, Canada company which has paid monthly dividends since July 2005. It pays a yield of 15.6%.

Penn West Energy Trust (PWE), also based in Calgary, has paid monthly dividends since June 2006. The stock has a P/E of 38 and a yield of 15.5%.

Pengrowth Energy (PGH) has been paying dividends since July 2004. The stock has a P/E of 13, with a yield of 15.0%.

Provident Energy Trust (PVX), has been paying monthly dividends since October 2002, and pays a yield of 14.1%.

Advantage Energy Income (AAV), has paid dividends since April 2004. The stock has a yield of 13.9%.

To get an Excel list of all the US-traded Canadian Income Trusts, which you can download and sort, go to WallStreetNewsNetwork.com.

Author owns PWE.

By Fred Fuld at Stockerblog.com

3 comments:

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
has ruined the portfolio of investors
who were invested in Nse and Bse
listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.

Apart from it rising price of Crude oil, Rising Inflation is a matter of concern. Though dollar is becoming stronger that will boost IT sector and Exporters.

All in all we suggest be in Indian stock market and if you are investor invest with the proper strategies like go Long for maximum 1 week that too with proper stoploss and target.
If you are day trader be a strict intraday trader then , clear your goals and trade with strict stoploss and target if you want to earn.



Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Now once again as on 02-June-08 around 11.15AM,market is trying to become bit bullish but still we cant rule out profit booking from every rise. Still we suggest everyone to remember this is Indian stock market
so watch your every step. Avoid going Long until Nifty crosses 5050 mark and avoid going short until nifty breaks 4820. Till then enjoy the consolidation phase and prefer to do intraday trading only.


Regards


SHARETIPSINFO TEAM

9891655316
9899056796
9891890425

Adventures In Money Making said...

I own HTE, AAV, PGH and PWE - not much in terms of appreciation but the dividends are sure nice.