True plans to convert

TRUE ENERGY TRUST $0.84 (Toronto symbol TUI.UN; SI Rating: Speculative) (403-264-8875; www.trueenergy.ab.ca; Units outstanding: 78.5 million; Market cap: $65.9 million) plans to convert itself into a conventional corporation by late October.

The trust’s long-term debt now stands at $110 million. That’s still a high 166.9% of… Read More

Pat: Both Bonavista Energy Trust and True Energy Trust have recently announced substantial asset purchases or sales. Do these change your opinion of them? Thanks.

As we mentioned in a recent Stock Pickers Digest Hotline, True Energy Trust, $0.76, symbol TUI.UN on Toronto (Units outstanding: 78.5 million; Market cap: $59.7 million), plans to convert itself into a conventional corporation by late October 2009.

The trust recently sold the bulk of… Read More

TRUE ENERGY TRUST $0.81 – Toronto symbol TUI.UN

TRUE ENERGY TRUST $0.81 (Toronto symbol TUI.UN; SI Rating: Speculative) (403-264-8875; www.trueenergy.ab.ca; Units outstanding: 78.5 million; Market cap: $63.6 million) produces oil and gas in Alberta and Saskatchewan. Gas makes up about 62% of its output.

In the three months ended March 31, 2009, production fell… Read More

True Energy Trust $1.25 – Toronto symbol TUI.UN

TRUE ENERGY TRUST $1.25 (Toronto symbol TUI.UN; SI Rating: Speculative) (403-264-8875; www.trueenergy.ab.ca; Units outstanding: 78.5 million; Market cap: $98.1 million) produces oil and gas, mostly in Alberta and Saskatchewan. About 65% of output is gas.

In the three months ended September 30, 2008, production fell 6.4%,… Read More

Three Oil & Gas Trusts to Buy Now

Oil and gas trusts are mostly down lately, along with crude oil and natural gas prices.

These three trusts are now cheap in relation to their forecast 2009 cash flows, which are based on those lower oil and gas prices.

ZARGON ENERGY TRUST $14.87 (Toronto symbol ZAR.UN;… Read More

True Energy Trust $3.87 – Toronto symbol TUI.UN

TRUE ENERGY TRUST $3.87 (Toronto symbol TUI.UN; SI Rating: Speculative) (403-264-8875; www.tketrust.com; Units outstanding: 79.2 million; Market cap: $306.5 million) produces oil and gas mostly in Alberta and Saskatchewan. About 65% of its production is gas.

In the three months ended June 30, 2008, Trilogy’s production… Read More