Stoneham Drilling Trust (SDG.UN.TO)

Potentially being acquired by Western Energy (WRG-X), which will lead to the 6th largest driller in Canada. Will be the most modern deep drilling rig companies, all staffed up with good capacity.

An excellent driller. Energy prices are going to stay very high for a very long time because of the basic supply/demand characteristics of the world.

Seeing drilling and capital expenditures in the oil patch in rcord numbers, so it is seeing its margins increase. Running at nearly full capacity. Quite expensive. This sector can fall out of bed very quickly if expeditures should decline in the patch.

Was just an IPO last week at $12. Pays $1.50 distribution. If it goes to $20, plus your $1.50 gives a 20% return. Low risk.