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| BUY | 16.750 | Patrick Kim | A great gassy trust, very low cost. The majority of their properties are outside of Alberta so the royalty review process does not impact them significantly. | 2007-09-21 | |
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| PAST TOP PICK | 17.800 | Sandy McIntyre | (Past Top Pick Dec 29/06. Down 2.4%.) Still likes. Buy on any weakness in gas prices. | 2007-08-13 | |
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| PAST TOP PICK | 17.150 | Leslie Lundquist | (A Top Pick July 13/06. Down 23.2%.) Drop was due to natural gas prices. Still likes. Low payout ratio. Excellent quality properties and excellent management. Long-term investors will do well with this. | 2007-07-25 | |
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| SELL | 19.470 | John Stephenson | May be better to move to the Canadian oil sands (COS.UN-T), or Vermilion Energy Trust (VET.UN-T), and Baytex Energy Trust (BTE.UN-T) for long term beyond 2011. | 2007-06-06 | |
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| BUY | 16.820 | Michael Sprung | Not a bad trust. His feeling is that natural gas will do quite well over the next couple of years. | 2007-03-16 | |
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| TOP PICK | 18.180 | Sandy McIntyre | (A Top Pick Oct 13/06. Down 19.3%.) Have 4 to 5 years of development work in front of them. Bullish on 2008 gas. Don’t buy now, but there will be an opportunity between now and the end of the 1st quarter. | 2006-12-29 | |
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| BUY | 19.000 | Michele Robitaille | Will be one of the clear survivors no matter what happens to the trust legislation. Strong company and strong management. Great long term-holding. | 2006-12-15 | |
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| BUY | 18.400 | Ben Cheng | Gas focused. Will be a survivor when it becomes taxable in 2011. | 2006-12-01 | |
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| HOLD | 18.420 | Peter Brieger | If the unknowns surrounding income trusts where cleared up, this is one of the ones he would buy. Increasing production on a per-unit basis, year-over-year. Good management. | 2006-11-29 | |
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| TOP PICK | 22.400 | Sandy McIntyre | (A Top Pick July 28/06. Down 12.5%.) One of the best management teams. The longer that gas prices remain low and the more development drilling is deferred means the ability to fill storage next year becomes compromised. Betting on 2007/2008 gas prices. Strong management. | 2006-10-13 | |
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| TOP PICK | 24.080 | Garth Jestley | He has lightened up on the gas-oriented trusts recently because of near-term weakness in gas. However, feels that gas will be going up and this is one of the better names. Recently made a large acquisition giving them good diversification. | 2006-08-11 | |
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| BUY | 24.140 | Bill Harris, CFA | Has a tiny problem with the income trust world. Oil/gas trusts commodities are depleting. Prefers companies that have a hard asset value. This trust is a high quality and will probably do well. | 2006-08-01 | |
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| TOP PICK | 24.000 | Sandy McIntyre | Has made good acquisitions. Distributions were recently cut which brought the price down to a good buying level. Buying for the 2008 gas market. | 2006-07-28 | |
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| WATCH | 22.790 | Greg Guichon | A gas based trust. Following it with interest. Management is excellent, but there is integration risks with their new merger. | 2006-07-14 | |
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| TOP PICK | 22.350 | Leslie Lundquist | Pays 8.5%. Cut their distribution from $.19 to $.16 per month. Gas weighted. Now is not a bad time to be buying gas. They are a sustainable trust and are not living beyond their means. Top quality management team, excellent properties and reasonable payout ratio and debt levels. | 2006-07-13 | |
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| WAIT | 22.000 | Glenn MacNeill, P.Eng. | If you think gas is going to do well when we get into the winter heating season, this is one that you could pick up. Recently made an acquisition of Profico, Saskatchewan properties, that looked very interesting. A lot of in-fill drilling needs to be done. 74% payout ratio. Add when gas markets are soft. | 2006-06-16 | |
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| BUY | 21.620 | Peter Brieger | Possible merger with Profico Energy. This is one of his favourites in the natural gas area. Likes it and will be buying at some point. | 2006-06-12 | |
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| BUY | 23.500 | Leslie Lundquist | Recently announced the acquisition of Profico. She is comfortable with this trust. It is one of the survivors in the oil/gas trusts. Low payout ratio. Trading at a reasonable price versus its peers. | 2006-05-17 | |
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| TOP PICK | 23.270 | Glenn MacNeill, P.Eng. | Recently made a strategic acquisition. Have a lot of drilling prospects. Low risk. Tighter gas, so they will produce for a longer period of time. Will produce about 24,000 barrels a day. | 2006-05-16 | |
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| BUY | 23.750 | Peter Brieger | This meets all his criteria on gas oriented trusts. | 2006-04-03 | |
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| BUY | 23.710 | Michael Simpson, CFA | (Caller asked about gas weighted trusts that Michael liked.) He tends to be defensive. Has some hedges of 9/$10 over the summer. | 2006-03-31 | |
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| BUY | 23.880 | Peter Brieger | The yield is 11% so meets his criteria. He likes it and owns it, and he's buying more. | 2006-02-20 | |
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| HOLD | 22.000 | Kevin Hall BComm, CFA | High-quality asset base. Good management team. Low debt. Volatility in energy prices created a sell off. 75% of focused on the natural gas market. A very sustainable trust model. | 2006-02-17 | |
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| BUY | 21.390 | Kevin Hall BComm, CFA | Good natural gas play. High quality management team. Long reserve life index. Very stable production going forward. | 2005-10-28 | |
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| BUY | 23.000 | Michael Simpson, CFA | Likes natural gas. Have liked this company for a long time. Good management. They fully embrace a sustainable model. | 2005-10-07 | |
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| DON'T BUY | 22.100 | Bill Harris, CFA | A gas weighted trust. His problem is that the trust reflects the current spot price, so it is expensive. A great company, but just didn't move in this last gas rally which is odd. | 2005-09-13 | |
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| BUY | 20.000 | Robert Lauzon | Prefers companies that are growing by internal growth, such as this one and Arc Energy (AET.UN-T), Ketch (KER.UN-T), Bonavista (BNP.UN-T), Peyto (PEY.UN-T). They pay out less of their cash flow in order to keep and grow their reserve life. | 2005-04-08 | |
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| BUY | 20.400 | Robert Lauzon | One of his favourite royalty trusts. 75% weighted in natural gas. Excellent management team. Below average debt. Payout ratio is about 68% versus 75% average for royalty trust sector. Increased its distributions 3 times since inception. At $20, valuations are a bit stretched, but that's what you pay for class "A" management. | 2004-12-24 | |
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| BUY | 20.100 | Peter Brieger | First choices would be Peyto and Focus with Advantage energy third. | 2004-11-16 | |
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| BUY | 18.280 | Peter Brieger | Likes both Focus and Peyto because they are increasing their reserve on a per unit basis. A decent yield. Will hold for the long term. Will grow through the drill bit rather than by acquisition. | 2004-10-13 | |
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| BUY | 18.040 | Kevin Hall BComm, CFA | One of their top picks in the energy sector. Reserve life index is average for the group. Conservative payout ratio of about 70%. Predominately natural gas. Good management. | 2004-09-24 | |
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| BUY | 14.500 | Sandy McIntyre | A good trust. | 2003-08-25 | |
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| BUY | 12.400 | Dean Orrico | 19% cash on cash yield. Excellent management team. 10 year reserve life. 85% payment ratio. | 2003-06-25 | |
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| BUY | 12.600 | Peter Brieger | | 2003-06-03 | |
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| BUY | 11.360 | Jim Huang | Good asset base. Internally managed. | 2003-04-24 | |
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| BUY | 11.300 | Peter Brieger | | 2003-04-23 | |
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| BUY | 11.490 | Sandy McIntyre | Not necessarily cheap. Good reserves and production. Highly taxable. | 2003-04-17 | |
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| BUY | 11.550 | Gavin Graham | Gas should stay high. | 2003-03-05 | |
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| BUY | 10.150 | Sandy McIntyre | Good company. | 2003-01-09 | |
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| BUY | 10.150 | Peter Brieger | Has had a run up. Likes the power trusts. Buy for long term. | 2002-10-03 | |
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| BUY | 9.750 | Glenn MacNeill, P.Eng. | Good set of assets. Should grow. | 2002-09-17 | |
Experts that have talked about Focus Energy Trust
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