These Two Resources Trusts Still Have Appeal

Ottawa’s plan to tax trust distributions in 2011 led to big drops for most income trusts. But high-quality trusts like Pengrowth and Fording have rebounded nicely. We feel they will continue to pay aboveaverage yields, even after 2011.

PENGROWTH ENERGY TRUST $20 (Toronto symbol PGF.UN; Aggressive… Read More

An Income Trust with Special Appeal

PENGROWTH ENERGY TRUST $26 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; SI Rating: Average) produces oil and natural gas, mainly from mature properties in Western Canada. It also owns 8.4% of a pipeline that transports gas from offshore platforms near Sable Island to Nova… Read More

Pengrowth Merges its Shares

PENGROWTH ENERGY TRUST $25.23 (Toronto symbol PGF.UN; SI Rating: Average) has merged its class ‘A’ and ‘B’ units into a single class of units. The new units trade under the symbols ‘PGF.UN’in Toronto, and ‘PGH’in New York. Changes to Canadian regulations made a second class… Read More