Canadian Oil Royalty Trusts: Oil and High Yield Plays
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. WallStreetNewsNetwork.com recently came out with an updated database list of Canadian Oil Royalty Trusts. Below is a list of some of the Canadian Royalty Trusts that are traded on United States stock exchanges.
Some of these have extremely high yields which may not be sustainable, but even if they are cut to a third, the yields would still be high.
Pengrowth Energy (PGH) has been paying dividends since July 2004. The stock has a P/E of 7, with a yield of 25.3%.
Provident Energy Trust (PVX), has been paying monthly dividends since October 2002, has a PE of 4 and pays a yield of 16.2%.
Advantage Energy Income (AAV), has paid dividends since April 2004. The stock has a PE of 4 and a yield of 33.5%.
To get an Excel database list of all the US-traded Canadian Income Trusts, which you can download and sort, go to WSNN.com.
Author does not own any of the above. Please note: these very high yields may not be sustainable.