STOCKCHASE

Good operator, mainly oil. Some nice older plays that with new technology could really come on. Good production and lots of drilling locations. Yield of just under 8% that doesn't look like it will have to be cut on conversion.

2010-03-19

Comment

13.130

Michael Decter

Very solid and well run. If oil stays up and gas comes up, they won't cut distributions. If there is some weakening in energy prices, they will probably cut to protect cash flow.

2010-03-08

BUY

13.130

Bill Harris, CFA

He just bought Bonavista but almost this one. Because it will convert to an ongoing company, the market has discounted it. Like a lot of other companies but it has this cardium piece. It’s an exciting company at this price.

2010-03-03

DON'T BUY

12.850

David Baskin

Arc energy or Pen West is a better pick.

2010-02-25

WEAK BUY

13.000

Jason Donville

Likes the name. If you are less risk averse, this is a good place to be. Management above average. There are other names that have more torque going forward .

2010-02-24

BUY

12.930

Laura Lau

Yield should be safe as they have given guidance that after conversion will be a high dividend payout model.

2010-02-08

TOP PICK

13.890

Very well managed. Great arrangements with Manulife (MFC-T), which allows them to get into larger deals. Have a lot of “heritage” fields that will be able to use improved recovery techniques. New good drilling going on.

2010-01-21

HOLD

14.280

A good “steady Eddie” type of name and has good backing by ManuLife (MFC-T). 8%-9% yield. Reasonable valuation. There may be some reduction in distributions in 2011 but it will be modest. Significant position in the Cardium formation in central Alberta.

2010-01-20

PAST TOP PICK

14.210

Mason Granger

(Top Pick Sep 24/09, Up 16%) Has been a core holding for him. Good balance between oil and gas.

2010-01-05

TOP PICK

13.640

Closely associated with ManuLife (MFC-T) through partnerships. Excellent yield of almost 8%. 5 year drilling inventory. Have some older assets that could really benefit from new technology.

2009-12-21

Comment

13.500

David Baskin

Everything with gas in the name is having a good week.

2009-12-15

WATCH

12.820

Michele Robitaille

Decent oil play. Primarily in the Cardium in Alberta with some quite decent results. Horizontal drilling can make this very attractive. A little expensive right now.

2009-11-25

HOLD

12.180

Very attractive yield at 9% and relatively undervalued. A smaller trust but have some good drilling and starting to show good results, particularly in the Cardium play.

2009-11-09

PAST TOP PICK

11.670

Mason Granger

(A Top Pick Sept 24/09. Down 6.02%.)

2009-11-03

BUY

12.440

Douglas Kee

About 50/50 gas and oil. Payout of about 60%. Working on a light oil play that could add very nicely to production over the next couple of years.

2009-10-01

BUY

12.700

Laura Lau

Now chasing a Cardium (?) play that she likes, which is economical at these lower prices. 8.5% distribution is safe. Have indicated they will be a dividend paying Corp. after 2011.

2009-09-30

TOP PICK

12.080

Mason Granger

Over the last couple of years have brought a little bit of sizzle into the mix with the acquisition of some Talisman’s (TLM-T) wells giving some high exploration potentially high impact drilling. Excited about the acquisition and continued growth of a land position in Alberta. Horizontal drilling is opening this play up.

2009-09-24

WATCH

11.860

Michele Robitaille

Looks quite interesting. Good exposure to the Cardium play outside of Silver Lake. Relatively new management team. Looking for good things over the next 12 to 24 months.

2009-09-11

HOLD

9.540

Mid-tier, kind of Steady Eddie type of player. There will be huge catalysts to drive it a lot higher but conservatively run and strong relationship with ManuLife (MFC-T) doing a lot of joint ventures on a lot of asset packages. 11.3% yield.

2009-07-23

BUY

9.350

Slightly more weighted to natural gas. Very decent hedge book. Sold forward much of their natural gas for 2009 and part of 2010. Also sold forward much of their oil. This should help them maintain their distributions for the rest of 2009 at least. 11.75% distribution.

2009-07-13

BUY

8.500

Hedge book will help them into 2010. Trades at a discount. Will do something in the next 12 months.

2009-04-27

BUY

6.610

Primarily focused in British Columbia and Alberta. Evenly weighted between oil and gas. Recently acquired Alberta Clipper (ACN-T). Have a strong corporate backer in Manulife (MFC-T). Recently cut their distributions.

2009-03-25

SELL

6.770

Gavin Graham

Not a big fan of gas. The energy portion of his portfolios is more towards oil. Consider switching out to Arc (AET.UN-T), Enerplus (ERF.UN-T) or Crescent Point (CPG.UN-T).

2009-03-23

DON'T BUY

6.810

Made new lows October, December and now. Highs are all lower. This is all typical of a downtrend and until the downtrend is broken it is difficult to see it moving up. Use 100 day moving average as your trend line. If there breaks above $7.50 then you could Buy.

2009-03-18

Comment

2.820

Kevin O'Leary

Hedged at $132 on 48% this year but is going down when oil is going up. Why? Doesn't have as much institutional support. Oil has to move up before the stock will perform.

2009-03-09

HOLD

6.400

Kevin Hall BComm, CFA

Probably a good quality energy trust. Production is fairly well balanced between oil and gas. Solid management.

2009-02-27

HOLD

6.050

Very high quality asset based. Have consistently been able to deliver distributions with maintaining modest growth in reserves and production. He will continue to hold this through the cycle.

2009-02-24

HOLD

7.900

Mid-tier average quality name. Cut distributions earlier this year. Fairly good shape and provides a pretty good up front yield. Have a very strong partnership with ManuLife (MFC-T) for me king acquisitions. 17% yield.

2009-02-06

Comment

8.280

Robert McWhirter

Ranks fairly well in his growth model but doesn't jump through all the hurdles. On the value model it does not rank well. Earnings estimates have been chopped by 60% in the last 3 months. Looking out to 2010 growth is forecasted to be 17% negative. Distribution could be at risk.

2009-01-26

BUY

7.900

Excellent property base. Some risk to their distributions in a lower commodity price environment than today’s. Good management.

2009-01-22

BUY

8.120

48% of oil is hedged at $132. Excellent management. Evenly balanced production between oil and gas. There should be recovery later in the year on oil and gas prices. 17% yield.

2009-01-16

STRONG BUY

8.120

Joanne A. Hruska, CFA

Yield of 16%-17%. Have hedges of $132 for 2009. In the trust sector this would be her Top Pick.

2009-01-16

Comment

8.020

Gavin Graham

This depends on your view of the oil/gas price. Will likely be some reduction in payouts this year if prices stay at current levels. He believes oil/gas has legs and $70-$100 is a pretty reasonable expectation longer-term.

2009-01-14

PARTIAL BUY

8.440

Will have to move another $1 or $2 before it sees any resistance. Thinks it can reach $10. Use $6.70 as a Stop.

2009-01-05

Comment

8.440

David Baskin

Correction. Guest confused this with Newalta (NAL.UN-T) and stated they had converted to a corporation. This was incorrect and company has stated they they have no intention of converting to a corporation at this time. Sorry.

2009-01-05

BUY

9.250

This would be among his core holdings in the energy trust space. Has held in fairly well on a relative basis. Q3 results were quite in line with his expectations. Thinks the distribution is safe.

2008-11-13

HOLD

9.000

Very conservatively managed. Low payout ratio relative to its peers. Very clean balance sheet.

2008-10-22

SELL

8.050

Just Said "Sell"

2008-10-10

BUY

14.350

An excellent trust. Good balance sheet. Hiccup in the 1st quarter but has come on strong. Conservative payout ratio. Starting to expand geographically. One of the better managed trusts.

2008-08-22

BUY

14.380

14%-15% distribution. If you hold for 3 years, you have 45% of your investment back.

2008-08-15

HOLD

14.900

50/50 oil and gas. Have some interesting properties in northeast B.C. Low payout ratio. Trades at a lower valuation than its industry average.

2008-08-13

HOLD

15.020

Prospects look good going forward. Recent quarter had mixed results but given the current price environment, has a lot of room to raise its distributions.

2008-08-07

BUY on WEAKNESS

15.230

He is picking away at trusts he likes and tries to Buy on weakness. Buying for yield. Thinks oil and gas will stabilize.

2008-08-01

BUY

14.850

Decent rally with the inevitable pullback. Can see it going back up to $16 but not beyond $18. You have to really watch commodity prices. If it drops back to $14.30, he could see it hitting the first resistance point of $13 and then perhaps to $12. Quite hopeful on oil/gas and related sectors.

2008-07-30

HOLD

15.000

Well run company. Wouldn't be one of his first choices, but a good performing trust that is going to trade oil prices. 13% yield.

2008-07-18

WATCH

16.740

Bill Carrigan

Chart indicates a rising wedge the last few months, which is bearish. If it violates the low in June, he would start reducing. The sector itself is clearly running out of steam.

2008-07-03

Comment

15.450

A pretty good oil/gas trust. In these high commodity prices, it should do well.

2008-05-14

HOLD

15.110

Paul Thornton

Has run from about $12-$13 to $15 which is pretty good percentage for an income trust. There may be a short-term pullback. Stick with your winners, especially in the income trust side. 13% yield.

2008-05-07

HOLD

15.120

Kevin Hall BComm, CFA

Benefiting from the higher energy prices. There is potential here for them to increase distributions. 13% yield.

2008-05-06

Comment

13.210

John O'Connell, CFA

A quality asset. Pays a good level of income. Has had a nice little run. There is an impending deadline on income trusts. It could be taken out by a larger play, but wouldn't expect larger premiums to be taking place.

2008-03-03

BUY

12.160

Has good capital behind it if it needs to make acquisitions. Distribution is sustainable in 08. Stock has been beaten up and this is a good entry point, giving a 12%/13% yield. Well run.

2008-01-29

HOLD

11.340

Kevin Hall BComm, CFA

A decent name, it is not in the top tier of the sector. We'll give you some decent returns and yield.

2007-12-04

BUY

12.360

55% oil and 45% gas. An average trust, but valuation has come down a lot, so caused him to change his mind. Yield is high because investor sentiment is not good. Made an acquisition this summer that was more weighted to natural gas.

2007-11-08

Comment

13.220

Looks fairly good. Has had big sell offs and everyone that wanted out has now sold. Nice consolidation level in May-June. Lows are higher than previous lows. Has to break through the resistance level of $13.55. If itt can, he can see $15.30.

2007-07-06

DON'T BUY

12.140

Have had a strong connection with Manu Life (MFC-T) in the past. Does not own good assets. Reserve life is below average.

2007-03-02

BUY

12.600

More oil weighted. Very good management team. Could see some decent upside on this one with a total return approaching 20%.

2007-02-21

BUY on WEAKNESS

12.520

Robert Lauzon

Oil weighted and feels that oil at $51-$52 is too cheap. If oil reaches $56-$50, the stock will do well. Would buy at $12.

2007-01-22

BUY

12.280

Robert Toole

This is one of the trusts that at these levels you are in fairly good position on. Trading at about its underlying net asset value. This will form a very strong base under its unit price.

2007-01-18

HOLD

12.850

Ravi Sood

Have reduced distributions.

2006-11-17

HOLD

17.920

Robert Lauzon

Adds a lot of diversification.

2006-10-20

Comment

20.750

Has a fairly high current yield reflecting the risk.

2006-07-28

BUY on WEAKNESS

20.280

Partnered with an insurance company which allows them to get into the play. A nice yield of around 11%. Buy under $20.

2006-07-13

BUY

19.350

Has had a tremendous transformation in the last 12/18 months due to a change in their management team. They are leveraging off oil/gas property with their partner Manu Life.

2006-05-19

WAIT

15.950

A mid quality name in the space. Has done a good job historically. New CEO. Taking a wait and see approach on this one.

2005-09-30

BUY

15.910

One of the finer middle tier ones. Good properties and reasonably good management.

2005-08-15

BUY

14.150

Garth Jestley

Likes this one.

2005-06-03

BUY

13.390

Pays about a 14% yield. Distribution is about 70% of its free cash flow. If you add in capital expenditure you're about 102% which is a pretty good number. A reasonably good slate of properties.

2005-04-29

WEAK BUY

14.050

Payout ratio is fairly high at about 80%, so any softness in production or commodity they would have some difficulty. Have a very strong balance sheet. Good slate of assets. Yield is about 13.6%. Some question as to whether they will be raising distributions.

2005-01-14

BUY

13.370

Matt Baillie

A decent company. Pays out as much as it makes and has to grow by acquisition. Pretty decent balance sheet. Fairly cheap.

2004-12-10

DON'T BUY

13.800

Blair Wilson

Basically have no oil/gas hedges, but in the present market this is OK. Have a 3 sector underperform rating. A concern on royalty trusts is their ability to maintain distributions through a cycle. Only 20% are funded through cash flow.

2004-11-26

DON'T BUY

12.800

Peter Brieger

Assets are depleting. There are other companies in this field that are better. This company is evaluated low.

2004-09-02

BUY

10.760