burncapital

Two Water Transport Plays - Besides DryShips

Any opinion on OCNF?

High-Yield Canadian Royalty Trusts: What's the Catch?

Just want to make a subtle yet very important point regarding the author's article. PWE distributions have not fluctuated. The trust distributed CAN $0.34 in all of 2006, 2007 and 2008 with NO fluctuation or variance. The variance occurs when the distributions are paid to foreign investors which makes it subject to currency conversion.

That's another reason why I like this group. Not only are you long oil and natural gas, but you are also making a play on the weak dollar.

I don't follow the other names as closely as I do PWE but I suspect the same is true for those as well.

$125 Oil Not Sustainable for the Time Being

You say your no expert but give a fairly confident price target of $80 - $90 in paragraph 1. In any case, PWE has been paying out $0.34 cents per unit since early 2006 when oil was what, $40 - $60 maybe.

So how do you reconcile the implication of PWE reducing payout when it was sustained at $40 - $60 versus your pretty resolute $80 - $90 target?