Opinions Kevin Hall BComm, CFA
Viking Energy Royalty TrustVKR.UN.TOHOLDOct 28, 2005
Announced a 50% increase in their distribution. A good quality trust. Valuation got a bit ahead of itself and this is starting to get corrected.
$9.40
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:
HOLD
Would rank as a tear 2/3 player. Good quality people are running the trust. Has a lot of heavy oil exposure. Management has good heavy oil experience.
Dean OrricoOwned
investment companiesfunds
HOLD
HOLD
This one is merging with Harvest Energy (HTE.UN-T). The combined trust will be attractive to large institutional investors which will create an improved valuation. It is possible they could get a US listing that would improve the valuation. On Mergers, there is always integration risks but in 6/9 months, it will be a good trust.
investment companiesfunds
BUY
Merging with Hardest Energy (HTE.UN-T) giving them a much larger land-base. Management has a great track record in heavy oil. Feel there will be good upside.
Michele RobitailleOwned
investment companiesfunds
HOLD
Merging with Harvest Energy Trust (THE.UN-T). Because Viking pays out more in distributions, Holders of Harvest Energy will get less in distributions. We'll probably become a better run trust because of the merger. If you own, wait until it gets listed on the exchange and then take some profits, probably in the first quarter.
Robert LauzonOwned
investment companiesfunds
PAST TOP PICK
(A Top Pick July 4/05. Up 30% plus distributions.) Had a target of $10, so when it came close to that, he took some profits. Has a very good payout. A little high on the payout and is in a bit of a downtrend right now. Wouldn't buy right now, but is probably a hold.
David ChapmanOwned
investment companiesfunds
HOLD
A reasonable quality trust. New management team and is in a bit of a turn around. Recently increased their distribution which gave it a bit of a pop. Probably not a bad idea to take a little bit of money off the table.
Michele RobitailleOwned
investment companiesfunds
BUY
BUY
WEAK BUY
Just increased distributions. Fundamentals continue to hang in there. Payout ratio has jumped because of their increase in distributions, so you want to keep a close eye on to make sure they are not over paying.
Dean OrricoOwned
investment companiesfunds
