Opinions Robert Toole
Shiningbank Energy Income FundSHN.UN.TODON'T BUYJan 18, 2007
One of the worst performing trusts through this last period. Trades at about a 13% yield. Quite leveraged to natural gas. He is bullish on natural gas for the next 1 to 1.5 years but it is a junior expiration companies is a better way to play the sector.
Robert TooleUnknown
$12.78
Stock price when the opinion was issued
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WAIT
Good management. About 77% of production is natural gas. Once the income trust legislation is settled, it could well be a buy. One of the cheapest. Have a very impressive set of tax pools.
Peter BriegerOwned
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BUY ON WEAKNESS
About 80% of production is gas weighted. Cut their distribution due to lower gas prices. Have good assets and will develop their properties and do more drilling. Bullish on natural gas longer-term. By in April-May if the price softens.
Michael Simpson, CFAOwned
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DON'T BUY
One of the gassier trusts. Have cut distributions and brought their payout ratio down to a more sustainable level. She is a little more cautious on gas trusts. There could be another down leg in natural gas pricing. In gas, she would prefer Progress (PGX.UN-T) and Focus (FET.UN-T).
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