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Harvest Energy Trust (HTE.UN.TO)

BUY
2/3 oil and 1/3 gas. Recommended. Payout ratio set low enough that it’s attractive. Grown through acquisition.
DON'T BUY
Merging with Viking Energy (VKR.UN-T) in the New Year. If you are currently a Harvest owner distributions will be coming down.
BUY
Merging with Viking Energy (VKR.UN-T) This is good as it gives stronger management, a better slate of properties and better assets.
DON'T BUY
Combining with Viking (VKR.UN-T). Owns some Viking and will probably sell before the merger. Integration risks could be high.
DON'T BUY
Fairly well managed. Somewhat concerned about the heavy oil content which gives it another element of risk. Has done very well. He is taking a wait and see attitude on it.
BUY
Came out in the last few years with a low reserve life index, so they avoided it. Management has done a tremendous job in increasing their reserve life index to about 8 years.
BUY
Very much likes what he sees. A good trust that has shown that they can grow. Has a heavy oil side. Probably doesn't have as much downside as some of the conventional oil.
BUY ON WEAKNESS
Has had a nice little run. If buying, he would probably wait for a little bit of a pull back. Likes that it has a little bit more of an oil focus. Has a reasonably decent reserve life and a modest payout ratio.
BUY
Has done a good job. Deals primarily in oil & gas. Unit price has done very well over the last 18 months. Very smart acquirer. Pays a good yield to investors.
BUY
Focuses on oil/gas trusts with a relatively long reserve life and generally have very strong netbacks in cash flow. This one came out as a very low reserve life trust and because a lot of its assets were heavy oil, higher costs and lower cash flow. Management team has given very strong performance, edging up their reserve life index, improving their operating cash flow. Now taking a harder look at this one. Not a bad name over all.
DON'T BUY
The reserve life is a little bit shorter than the average royalty trust. Have done a great job in acquiring properties. Fully priced. Would probably take profits in the sector right now.
BUY
Likes this trust. Did a great job of diversifying out of heavy oil into light oil and natural gas. Continues to trade below its peers.
WEAK BUY
They prefer trusts with longer reserve life and low pay out ratio. This one has a relatively low reserve life. Could be treated as a trading vehicle.
BUY
A heavy oil play which trades at a discount in the market. Has one of the lower payout ratios which is good. Good performer.
BUY
An oil play. Cheaper than a lot of the other trusts. Conservative payout ratio and can grow organically.
Showing 121 to 135 of 141 entries