Bruce Campbell (1) Sound Energy Trust SND.UN-T BUY Sep 11, 2006

Gas oriented so not the best place to be at this time. A bit of a growth trust. At this price, yield is higher than average and not a bad entry point, but prefers Trilogy (TET.UN-T).

Bruce Campbell (1)

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$7.240

Stock price when the opinion was issued

oil gas

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SHORT

If you own sell. If you want a short position, this would be one.

TOP PICK

Huge cash-on-cash yield. Gigantic tax shield of $510 million.

SELL

Very small. Over distributes. Gas weighted.

PAST TOP PICK

(A Top Pick Nov 17/06. Down 10%.) Acquired by Advantage Energy (AVN.UN-T).

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Bruce Campbell (1) Sound Energy Trust SND.UN-T BUY Sep 11, 2006

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