Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, January 8, 2010

Article Excerpt

TRILOGY ENERGY TRUST, $8.54, symbol TET.UN on Toronto, plans to convert itself into a conventional corporation by early February 2010. Trilogy owns oil and gas properties in the Kaybob and Grande Prairie areas of central Alberta. Its production is weighted roughly 80% toward natural gas and 20% to oil. The trust now pays a monthly distribution of $0.05 a unit. After the conversion, it plans to pay a dividend of $0.035 per month. That will give it a 4.9% yield, based on today’s price. That’s still a high yield for a dividend-paying oil stock, but the company will have $1 billion in tax losses that it can use to delay paying taxes until 2016. That should let it maintain the high dividend, and give it added cash flow to reinvest in exploration and development. Trilogy Energy Trust is still a buy. NEW GOLD, $4.86, symbol NGD on Toronto, is up over 12% this week after it entered into an agreement with Goldcorp (Toronto…