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Wednesday, November 15, 2006

High Yielding Canadian Oil Royalty Trusts Pay 11% to 20%

Canadian oil royalty trusts have been hit hard by the drop in oil prices and the possible elimination of the single taxation of income earned by the trusts. This has caused the Canadian oil income trust yields to skyrocket. Jim Cramer mentioned several that pay very high yields:

Precision Drilling (PDS) 14.8%
Baytex Energy (BTE) 11.2%
Pengrowth Energy (PGH) 17.4%
Canetic Resources (CNE) 19%
Enterra Energy (ENT) 20.5%

By the way, all these oil income trusts pay their dividends MONTHLY !

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