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Canadian Energy Trusts Look Cheap: Harvest Is Well Positioned

The Canadian oil trusts are all ridiculously underpriced. Even after taxes and dollar conversion, HTE, PWE, and the others are returning over 20% a year just in distributions! (They are so beaten down right now that they probably are also going to get over a 100% capital gain appreciation over the next year or so.) If you had a financial analyst or a hedge fund manager who was getting that kind of return in this kind of market he would be bragging about it in full page advertisements in the WSJ.