| The Yield Hunter Let's make some money and sleep well at night |
| Canadian Oil and Gas Trust Archives |
| Copyright 2006 SGM Publishing |
| Updated 2/12/2008 |
2/12/2008
We had mentioned in our column on 12/7/2007 that anyone holding Harvest Trust
(HTE), Pengrowth (PGH) and PennWest Trust (PWE) will certainly do well in the long
term (these all trade on the NYSE--so no need for currency translations---and good
volume)
Lookijng back we can happily report that in the last 60 days Harvest is up 10%,
Pengrowth in off a tiny bit and PennWest is up 7% (Plus dividends on top of these
gains).
So with crude and natural gas at about the same price as 2 months ago we think
Pengrowth is the best of the 3.
We will be taking our own advice and investing 1-2% of our cash in Pengrowth on the
next crude oil dip--then we will salt it away and somewhat forget about it---we are
comfortable that oil and gas will remain high and the 15.4% dividend makes us
believe that it would be appropriate now in small doses.
12/07/2007
OK---oil prices are down 12% in the last month---as consumers this is great
news--as investors it may not be.
If you are investing in Oil and Gas Trusts you should be ready for a wild ride. Anyone
paying attention knows that the speculators are in charge of the oil pricing and have
been all year long.
On a LONG TERM basis a person investing in PennWest (PWE), Harvest Energy
(HTE) or Pengrowth (PGH) is going to do very well---the current yields are super and
the long term outlook great.
So the question really is - Can you handle the day to day volatility?
Our answer to this is easy----if you believe in oil and gas long term and are going to
invest there keep your investment allocation to 2-5% of your portfolio---with a package
of other quality issues in your portfolio the movements may be hard to recognize.
We had mentioned in our column on 12/7/2007 that anyone holding Harvest Trust
(HTE), Pengrowth (PGH) and PennWest Trust (PWE) will certainly do well in the long
term (these all trade on the NYSE--so no need for currency translations---and good
volume)
Lookijng back we can happily report that in the last 60 days Harvest is up 10%,
Pengrowth in off a tiny bit and PennWest is up 7% (Plus dividends on top of these
gains).
So with crude and natural gas at about the same price as 2 months ago we think
Pengrowth is the best of the 3.
We will be taking our own advice and investing 1-2% of our cash in Pengrowth on the
next crude oil dip--then we will salt it away and somewhat forget about it---we are
comfortable that oil and gas will remain high and the 15.4% dividend makes us
believe that it would be appropriate now in small doses.
12/07/2007
OK---oil prices are down 12% in the last month---as consumers this is great
news--as investors it may not be.
If you are investing in Oil and Gas Trusts you should be ready for a wild ride. Anyone
paying attention knows that the speculators are in charge of the oil pricing and have
been all year long.
On a LONG TERM basis a person investing in PennWest (PWE), Harvest Energy
(HTE) or Pengrowth (PGH) is going to do very well---the current yields are super and
the long term outlook great.
So the question really is - Can you handle the day to day volatility?
Our answer to this is easy----if you believe in oil and gas long term and are going to
invest there keep your investment allocation to 2-5% of your portfolio---with a package
of other quality issues in your portfolio the movements may be hard to recognize.
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