Viking Energy Royalty Trust

VKR.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about VKR.UN-T

Signal
Opinion
Expert
HOLD
HOLD
February 3, 2006
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.
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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.
DON'T BUY
DON'T BUY
January 25, 2006
Would look at Bonavista Energy (BNP.UN-T), Trilogy Energy (TET.UN-T) and other names before he would recommend this. Reduced its payout by 21%. Has an increasing percentage of heavy oil and a declining reserve life.
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Would look at Bonavista Energy (BNP.UN-T), Trilogy Energy (TET.UN-T) and other names before he would recommend this. Reduced its payout by 21%. Has an increasing percentage of heavy oil and a declining reserve life.
HOLD
HOLD
January 23, 2006
In the process of being merged into a larger trust.
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In the process of being merged into a larger trust.
HOLD
HOLD
January 20, 2006
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.
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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.
HOLD
HOLD
January 19, 2006
Merging with Harvest Energy. Right now, bigger is better. With all these trusts, the question is reserve life and the percentage of cash flow that is going out the door in distributions. Would continue holding it until after the merger.
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Merging with Harvest Energy. Right now, bigger is better. With all these trusts, the question is reserve life and the percentage of cash flow that is going out the door in distributions. Would continue holding it until after the merger.
BUY
BUY
January 6, 2006
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.
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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.
HOLD
HOLD
December 23, 2005
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.
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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.
BUY
BUY
November 30, 2005
Has announced a merger with Harvest Energy (HTE.UN-T). Will be a very good merger. It will be the 4th largest royalty trust in Canada.
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Has announced a merger with Harvest Energy (HTE.UN-T). Will be a very good merger. It will be the 4th largest royalty trust in Canada.
SELL
SELL
November 29, 2005
Has agreed to merge with Harvest Energy (HTE.UN-T). Sold his holdings because he thought it was too heavy in oil and for defensive purposes decided to own more natural gas oriented trusts.
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Has agreed to merge with Harvest Energy (HTE.UN-T). Sold his holdings because he thought it was too heavy in oil and for defensive purposes decided to own more natural gas oriented trusts.
PAST TOP PICK
PAST TOP PICK
November 9, 2005
(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.
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(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.
HOLD
HOLD
October 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.
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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.
HOLD
HOLD
October 14, 2005
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.
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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.
BUY
BUY
October 12, 2005
Good management. Into a growth factor again.
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Good management. Into a growth factor again.
BUY
BUY
October 7, 2005
Recently increased its distributions by 50%.
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Recently increased its distributions by 50%.
WEAK BUY
WEAK BUY
September 30, 2005
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.
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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.
BUY
BUY
September 23, 2005
Not his favourite royalty trust, but management has turned the company around. Potential for distribution increase by the end of this year. Not a bad name.
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Not his favourite royalty trust, but management has turned the company around. Potential for distribution increase by the end of this year. Not a bad name.
BUY
BUY
September 15, 2005
New management has done a good job. Good yield.
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New management has done a good job. Good yield.
WEAK BUY
WEAK BUY
September 14, 2005
A lot of income trusts are going to have to raise distributions to avoid income tax. This one is very oil oriented. Wouldn't be his #1 choice.
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A lot of income trusts are going to have to raise distributions to avoid income tax. This one is very oil oriented. Wouldn't be his #1 choice.
WAIT
WAIT
September 2, 2005
Assets aren't as good as he hoped. Management is very skilled. Hasn't performed as well as he would like and hopes that good management will prevail over the long term.
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Assets aren't as good as he hoped. Management is very skilled. Hasn't performed as well as he would like and hopes that good management will prevail over the long term.
BUY
BUY
August 12, 2005
One of his tier 2 positions. Into tier 2, not because of management, but because of underlying assets. Good management. Slowly improving the assets.
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One of his tier 2 positions. Into tier 2, not because of management, but because of underlying assets. Good management. Slowly improving the assets.
BUY
BUY
July 29, 2005
A turn around story. Previous management had made some acquisitions that were not too good. New management made 3 good acquistions in the last 1.5 years which significantly increased the size and reduced the payout ratio.
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A turn around story. Previous management had made some acquisitions that were not too good. New management made 3 good acquistions in the last 1.5 years which significantly increased the size and reduced the payout ratio.
BUY
BUY
July 15, 2005
Royalty trusts in general haven't been keeping up with the oil stocks and are now in line on a cash flow basis with the oil corporations. Look a lot more attractive. This one has a lower payout ratio than last year. Lower valuation than the group because it is somewhat of a turn around story. Prefers others, but doesn't think you will get hurt on this one.
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Royalty trusts in general haven't been keeping up with the oil stocks and are now in line on a cash flow basis with the oil corporations. Look a lot more attractive. This one has a lower payout ratio than last year. Lower valuation than the group because it is somewhat of a turn around story. Prefers others, but doesn't think you will get hurt on this one.
BUY
BUY
July 8, 2005
New management team has done a reasonably good job in turning things around. Not as high quality as some of the other trusts. There's a possibility of a small increase in distributions. They're taking in more than they're spending.
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New management team has done a reasonably good job in turning things around. Not as high quality as some of the other trusts. There's a possibility of a small increase in distributions. They're taking in more than they're spending.
TOP PICK
TOP PICK
July 4, 2005
One of the overlooked energy trusts. Has struggled in comparison to other energy trusts. Has been forming a nice base. Payout is only 67% of cash flow. Gassy trust. Starting to break out. 13% payout.
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One of the overlooked energy trusts. Has struggled in comparison to other energy trusts. Has been forming a nice base. Payout is only 67% of cash flow. Gassy trust. Starting to break out. 13% payout.
BUY
BUY
June 29, 2005
Made a major acquisition of Krang Energy. One of his favourite trusts.
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Made a major acquisition of Krang Energy. One of his favourite trusts.
BUY
BUY
June 24, 2005
A bit more aggressive than some of the other energy companies. Their operations are mainly in Alberta, B.C. and Saskatchewan. Involved in natural gas liquids extraction. Pying out $0.96 and doesn't see this as a particularily stressful amount and shouldbe able to maintain that for the next 1/2 years. 13.7% yield. A reasonable trust to own for more aggressive accounts.
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A bit more aggressive than some of the other energy companies. Their operations are mainly in Alberta, B.C. and Saskatchewan. Involved in natural gas liquids extraction. Pying out $0.96 and doesn't see this as a particularily stressful amount and shouldbe able to maintain that for the next 1/2 years. 13.7% yield. A reasonable trust to own for more aggressive accounts.
BUY
BUY
June 3, 2005
New management team has done a very good job of reducing costs.
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New management team has done a very good job of reducing costs.
BUY
BUY
May 13, 2005
This is a company in transition. One of the original oil and gas trusts. Ran into some production/acquisition problems over the 2002/2003 period. New, well repected, management team was brought in 2004. Have done some work to improve the underlying quality. Sees progress being made.
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This is a company in transition. One of the original oil and gas trusts. Ran into some production/acquisition problems over the 2002/2003 period. New, well repected, management team was brought in 2004. Have done some work to improve the underlying quality. Sees progress being made.
BUY
BUY
April 29, 2005
Likes this trust. A good turn around candidate.
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Likes this trust. A good turn around candidate.
BUY
BUY
April 28, 2005
Has been looking at this one as another alternative in the energy area. Getting pretty close to the price level they would be interested in. Has come off generally with the oil/gas area.
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Has been looking at this one as another alternative in the energy area. Getting pretty close to the price level they would be interested in. Has come off generally with the oil/gas area.
BUY
BUY
April 21, 2005
A high yield situation. Had some major problems. Bought a real turkey. New management was brought in. The company is working its way back. Still has to prove itself.
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A high yield situation. Had some major problems. Bought a real turkey. New management was brought in. The company is working its way back. Still has to prove itself.
BUY
BUY
April 1, 2005
A turn around story in the royalty trust space. New management team made significant acquisition last year.
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A turn around story in the royalty trust space. New management team made significant acquisition last year.
DON'T BUY
DON'T BUY
March 16, 2005
Q: Viking (VKR.UN-T) versus TKE (TKE.UN-T). A: Has a little shorter reserve life. A turn around story which seems to be working.
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Q: Viking (VKR.UN-T) versus TKE (TKE.UN-T). A: Has a little shorter reserve life. A turn around story which seems to be working.
HOLD
HOLD
March 10, 2005
Has gone from a negitive to a neutral recently. Does have a premium yeild. A bit more risk in this situation.
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Has gone from a negitive to a neutral recently. Does have a premium yeild. A bit more risk in this situation.
VAGUE
VAGUE
March 4, 2005
Calpine transaction improved quality per barrell, and barrels per unit.
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Calpine transaction improved quality per barrell, and barrels per unit.
WAIT
WAIT
February 25, 2005
Prior to its most recent acquisition, it was having a hard time. Had a change in management. Now a very gas weighted trust. Q4 results look positive. Wants to see how the new acquisition and management works out before buying more.
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Prior to its most recent acquisition, it was having a hard time. Had a change in management. Now a very gas weighted trust. Q4 results look positive. Wants to see how the new acquisition and management works out before buying more.
HOLD
HOLD
January 21, 2005
Under new management and have acquired Calpine which was a good purchase. Have also acquired Kensington without paying too much for it. Pays out 89% of its cash flow which is pretty high. Not sure how the new management will do with their new acquisitions. 14% cash flow return, but there is higher risk.
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Under new management and have acquired Calpine which was a good purchase. Have also acquired Kensington without paying too much for it. Pays out 89% of its cash flow which is pretty high. Not sure how the new management will do with their new acquisitions. 14% cash flow return, but there is higher risk.