Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions Glenn MacNeill, P.Eng.
Harvest Energy TrustHTE.UN.TOSELLJul 18, 2008
17% yield, which should make you suspicious. Having difficulty, mainly because of their Come by Chance refinery. Margins are very poor in the refinery business right now. Highly likely the distribution will be cut.
Glenn MacNeill, P.Eng.Unknown
$20.12
Stock price when the opinion was issued
investment companiesfunds
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
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.
investment companiesfunds
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.
Jaime CarrascoOwned
investment companiesfunds
COMMENT
One of the riskier oil/gas income trust. Huge refinery in the Maritimes. Plant was upgraded and is good. The refinery can swing earnings around significantly. Oil and gas operations have not been that great. Likes the yield of 8.6%. Doesn't expect it to go back to its high levels of a couple of years ago.
David CockfieldOwned
investment companiesfunds
