Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions Michael Sprung
Prime West Energy TrustPWI.UN.TODON'T BUYJan 05, 2007
Their cash flow is basically royalties collected on production. It is suspected they will not be able to sustain their distributions at current levels. Going forward, he is not sure this is going to be one of the survivors.
$20.94
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:
BUY ON WEAKNESS
You have to have a 3-year view on this. He would prefer it at $30. Likelihood of increasing dividends.
Peter BriegerOwned
investment companiesfunds
SELL
Has been the subject of her recent takeover from Abu Dhabi’s Taqa. It is almost trading at the deal price. Holding it for the next couple of months will give you a limited distribution. There is a slight bit of deal risk because of Alberta’s royalty review. He suggests you take your profits and run.
investment companiesfunds
COMMENT
No longer own. In evaluating energy income trusts, they ask, what are their reserves, how successful the company and management has been at finding and replacing those reserves, what is the quality of the balance sheet, ie does the company have the ability to survive a downdraft in the future.Likes to see a production profile that's increasing.
investment companiesfunds
BUY
Some of the royalty trust that he likes includes Prime West Energy (PWI.UN-T), Precision Drilling (PD.UN-T), Advantage Energy (AVN.UN-T).
Rob CallanderOwned
investment companiesfunds
