goldnoil

Canadian O&G Trust slashes distribution in half: http://www.enterraenergy.com/EN/main/investors/57393.html

HWO.UN (TSX) Another beaten down Canadian oily. Maybe shareholders are concerned that they will convert from a trust or maybe the shares are down expecting lower revenues with lower expectations for drilling activity. In any case the management looks solid and the price looks reasonable to me for the long pull. I bought HWO.UN (High Arctic Energy Services LP) on the TSX yesterday. It is an oil service company in trust format with the last monthly distribution at .0975. Closed yesterday at C$5.44. Plenty of info at the company website: http://www.higharcticwellcontrol.com/ DYOR and DD

My first post here. Oil looks overdone. These days with Paulson at the controls a good part of the move may be due to an attempt to engineer the US economy. Since the man has all the resources and he knows all the right buttons to push to move markets through resistance points and knows the trend followers will pile on maybe we will take a further plunge even if the fundamentals don't support but who knows. Some of the Canadian o&g trusts are plunging not only due to product price factors but also because the Canadian government changed tax regulations on the trusts last October. I bought True Energy Trust today on the TSX: tui.un The company has decided to change from a trust to a regular operating company and the sp has been pummelled as the people who were in it for the big dividend dump their shares. At the end of 2006 they were producing at an annual rate of 20,000 boe per day. 70 million shares out. Plan on paying out a 24 cent dividend. More information on company website including a pdf presentation on the conversion: http://www.trueenergy.ab.ca/ Share closed today at C$5.85. DYOR & DD and all that jazz. EDIT: Subsequent to posting I see you have a thread on Canadian o&g trusts, sorry.