Pengrowth Aims For Growth

Pengrowth is down from its highs lately along with most other oil and gas trusts. However, we feel it has dropped enough to reflect today’s lower natural gas prices, ongoing volatility in crude oil markets and investor worries about further distribution cuts. Pengrowth is an… Read More

Gennum Corp. $9.81 – Toronto symbol GND

GENNUM CORP. $9.81 (Toronto symbol GND) earned $0.10 a share from ongoing operations in its third fiscal quarter ended August 31, 2007, down 16.7% from $0.12 a year earlier. Sales rose slightly, to $28.6 million from $28.4 million. That’s despite the stronger Canadian dollar, which… Read More

Two Oil and Gas Trusts for Steady Gains

The Alberta government is reviewing proposals aimed at raising royalties on oil and gas production. Some producers are outraged. But oil prices and revenues have expanded well above consensus forecasts, and the province wants its share.

The increased royalties would represent a new cost for oil… Read More

High-yielding Energy Trusts Still Attractive

FORDING CANADIAN COAL TRUST $32 (Toronto symbol FDG.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 147.5 million; Market cap: $4.7 billion; SI Rating: Average) owns 60% of the Elk Valley Coal Partnership, which operates six coal mines in British Columbia and Alberta. Teck Cominco owns… Read More

For Pengrowth, a Double Exception

We’ve mostly avoided resource income trusts, due to their generally low investment quality. But we made an exception for Pengrowth (Toronto symbol PGF.UN), which is the sole oil & gas trust we recommend in The Successful Investor.

We made a second exception for Pengrowth by recommending… Read More