Daily Stock Opinions and Ratings

Opinions

Greg Guichon Harvest Energy Trust HTE.UN-T DON'T BUY Jul 14, 2006

Oil-based trust with a yield in the 14% range. Payout ratio is in the 70% range. The assets they took on from Viking are not the highest quality. Sold his holdings because of the integration risks.

Greg Guichon

Unlock Rating

$34.330

Stock price when the opinion was issued

investment companies funds

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

DON'T BUY

(Market Call Minute.) Some potential for them but it is getting late in the day for energy trusts and he is nervous about their payouts.

COMMENT

One of the few companies that has a refinery and have done quite well on the refinery margins. Has been playing this through the convertible bonds, which he thinks is a better way of playing it.

DON'T BUY

Hasn't participated in the upside. Cheap, but for a reason. Refining operations will continue to be challenged and the upstream operations have never been stellar. Ugly balance sheet.

COMMENT

As with many of the trusts, there is a risk that the 9.6% yield could be cut going into 2011. Their refinery business has been quite challenging.

DON'T BUY

Conventional oil/gas production in Western Canada and refining in Newfoundland. Had taken on a lot of debt to acquire the refinery and refining margins have not been good. Doesn't see this changing for while. Changeover in 2011 is another challenge and they have their work cut out for them.

HOLD

(Market Call Minute.) Would hold the stock but by the convertible debentures.

DON'T BUY

Their payout is not very high but their debt is. The debt will become due in about 1 year. They'll probably do another equity issue so she wouldn't be surprised if they cut the distribution.

COMMENT

Sharply penalized because of narrow margins on the refinery side. Margins have been coming back. There are other companies that have more stability in the group but they have been doing better on both sides of their operation and that should continue. 8%+ yield.

COMMENT

Being acquired by Korea National Oil. A lot of people are not happy with the price agreed to.

SELL

Korea National Oil Company have offered to acquire but will be subject to government approval. If you own and have a nice profit and are close to the bid, Sell and that the arbitrageurs take the risk.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Greg Guichon Harvest Energy Trust HTE.UN-T DON'T BUY Jul 14, 2006

You might be interested:

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Harvest Energy Trust(HTE.UN-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Bruce Murray

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Chris Blumas

Stockchase Insights