Conan the Barbarian

Canadian Energy Trusts: The Best Long Term Income and Dollar Hedge? (Part 2)

Mr. Wachtel: what are your thoughts on the 2011 Canadian Law which will remove the Trust Status of the CanRoys?

The dividends are great, may continue to be great or may not depending on the above status.

I have no qualms whatsoever about buying them for their potential as pure Oil companies with great assets. The Loonie will go up again and will help their stock prices... Total agreement, but as dividend plays past 2011, I have qualms.

Thanks for the Venerex symbol. I saw some news on it but couldn't find a symbol to use.

Update on Three Canadian Oil Royalty Trusts

PVX: the worst is probably over here, they were always very conservative on payouts and their Pipeline activity boosts the payout. The just reduced their payout for the second time. Six cents Canadian vs nine cents.

On current currency conversion, this is about 5 cents USD monthly. Canadian withholding of 15% reduces the payout to about four cents USD which You will get back as a Tax credit.

4 cents monthly on a $3 stock, with the dividend taxable at 15% for a while longer, hell, even if it is ordinary income, it is a great payout.

Besides, Oil will not stay down and when it goes up, so will the shares. IMHO

I own it plus hte and pwe.

Three Top Canadian Royalty Trusts

Didn't take very long, PWE's distribution level is now .23 Canadian.

But then they really do not have anything other than oil going for them.

PVX maintained it level at .09.