Small cap, so doesn't follow actively. Part of the decline is due to the decline in the overall sector. 70% payout ratio may be a little high.

Involved in oil field waste management. Has one of the largest fleets in Western Canada on well servicing rigs. A real growth story. Has increased distributions 5 times since its IPO. Yield is about 5%. Well managed. Very low payout ratio.

Sold out his position some time ago when he became concerned about the high payout ratio. It's gone against the grain of the whole patch.

A relatively small cap trust. Its resources are largely in Northern Alberta which has been a tough place in terms of getting services, etc. Has a pretty high debt. 2 to 1 in terms of debt to cash flow. Recent cut in distributions puts it in a more stable pattern.

(A Top Pick Jan 21/05. Up 19%.) Has the prospects of stage 3 expansion being implemented next year. Sees subsatntial increases in distributions down the road.

(A Top Pick Jan 21/05. Up 10%.) Still likes. With its focus on Wal Mart it has a very prominent position in the Canadian Market Place.

(A Top Pick Jan 21/05. Up 19%.) Unique in the royalty trust sector. Has 2 legs outside of canada, Europe and Australia.