Esprit Energy Trust (EEE.UN.TO) Buy, Sell or…

Esprit Energy Trust (EEE.UN.TO)

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SELL

Merging with Pengrowth (PGF.A/PGF.B-T). If you own, continue holding until you get your distribution and then sell. A good alternate choice would be Penn West Energy (PWT.UN-T).

SELL

Merging with Pengrowth Energy (PGF.UN-T). Sold his holdings. Geology in their properties is such that it is difficult for them to hit wells accurately.

DON'T BUY

He prefers the $1 billion trusts and this one is too small for him. There is a limited amount of production out of a limited spread of fields. They have had problems.

DON'T BUY

70% of production is natural gas. This company has had a history of production shortfalls and disappointments. Have quite high debt. It may not be a bad time to be buying gas-weighted names but there are a better names of there.

DON'T BUY

About 74% of its production is in gas. Relatively cheap because a lot of their assets are gas, which has high, declines associated with gas. Possibly a takeover target. 72% payout ratio, which is high.

BUY

Had some troubles over the last year by having a higher production declining then he liked. Reserve life is over 10 years. Payout ratio is low enough that it does not have to cut distributions.

DON'T BUY

Was a bit disappointing. Thought they had some reasonable assets but they are mostly natural gas with quicker declining assets, so they've had trouble keeping their production numbers up.

DON'T BUY

About 70% gas weighted. Over the last two years, they have missed on their production numbers. Because of this, it's not popular in the market.

TRADE

Heavily into natural gas, and although oil prices have gone up natural gas has declined. Also has more debt, and has some operational problems. 2006 will probably see more mergers and acquisitions.

HOLD

Natural gas focused. Has had a bit of a rough go in terms of operating fundamentals. Natural gas prices have come off substantially. A likely takeover candidate.

PAST TOP PICK

(A Top Pick Sept 2/05. Down 12%.) Very disappointed in this one. Bought it on a valuation basis. The company has not been able to meet its production targets. Has sold all his holdings. Assets are not as good as other companies.

BUY

A gas weighted Royalty trust. Has pulled back over the last few months. Likes natural gas and would use this as a buying opportunity. Will probably be taken over in 2006 or 2007.

DON'T BUY

Been having problems with their Olds property. Had a facilities turnaround in a June time frame. Production hasn’t come back the way it was expected to. Concerned that there will be adjustments to reserves.

BUY

Has a high relative distribution yield (14%), good gas exposure and the payout has room to increase distributions. However, there was a downward adjustment to the production expectations for the next several quarters, which they should get through. Very attractive.

PAST TOP PICK

(A Top Pick June 3/05. Up 2.5% plus distributions.) Have very long reserve life but has stumbled a bit.

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Esprit Energy Trust (EEE.UN.TO) Frequently Asked Questions

What is Esprit Energy Trust stock symbol?

Esprit Energy Trust is a OTC stock, trading under the symbol EEE.UN.TO (previously EEE.UN-T on Stockchase) on the undefined (undefined). It is usually referred to as or EEE.UN.TO

Is Esprit Energy Trust a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on EEE.UN.TO (previously EEE.UN-T on Stockchase) on Stockchase. Read the latest expert commentary for Esprit Energy Trust.

Is Esprit Energy Trust a good investment or a top pick?

Esprit Energy Trust was recommended as a Top Pick by Garth Jestley on 2005-12-02. Read the latest stock experts ratings for Esprit Energy Trust.

Why is Esprit Energy Trust stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Esprit Energy Trust.

Is Esprit Energy Trust worth watching?

Esprit Energy Trust is covered by Stockchase experts and is worth watching.

Most Recent Experts

Stockchase Insights

5i Research

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

CNBC

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Esprit Energy Trust (EEE.UN.TO)