Leslie Lundquist
Focus Energy Trust
FET.UN-T
PAST TOP PICK
Jul 25, 2007
(A Top Pick July 13/06. Down 23.2%.) Drop was due to natural gas prices. Still likes. Low payout ratio. Excellent quality properties and excellent management. Long-term investors will do well with this.
(A Top Pick July 28/06. Down 12.5%.) One of the best management teams. The longer that gas prices remain low and the more development drilling is deferred means the ability to fill storage next year becomes compromised. Betting on 2007/2008 gas prices. Strong management.
If the unknowns surrounding income trusts where cleared up, this is one of the ones he would buy. Increasing production on a per-unit basis, year-over-year. Good management.
(A Top Pick Oct 13/06. Down 19.3%.) Have 4 to 5 years of development work in front of them. Bullish on 2008 gas. Don’t buy now, but there will be an opportunity between now and the end of the 1st quarter.
May be better to move to the Canadian oil sands (COS.UN-T), or Vermilion Energy Trust (VET.UN-T), and Baytex Energy Trust (BTE.UN-T) for long term beyond 2011.
A great gassy trust, very low cost. The majority of their properties are outside of Alberta so the royalty review process does not impact them significantly.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.