Opinions Glenn MacNeill, P.Eng.
Shiningbank Energy Income FundSHN.UN.TOBUY ON WEAKNESSMay 09, 2007
Mainly gas production and tends to move quickly with natural gas prices. Expect it to be relatively quiet over the next 6 months, with a rebound in the winter. Assets are not top-quality, but are above average. Treat as a trading stock.
Glenn MacNeill, P.Eng.Unknown
$14.60
Stock price when the opinion was issued
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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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