Keep an Eye On Canroys

by James & Miel on November 14, 2006 · 0 comments

If you’ve been following the action in Canadian energy trusts, you’ve probably realized that the sector has been undergoing a complete bloodletting. Issues like PVX, AAV and HTE have taken HUGE hits to their share prices, sometimes in the neighborhood of 18% losses or more.

Provided the market keeps hammering these issues, we may have a situation where the expected yield will still be worth the risk of holding these stocks, despite changing expectations related to energy prices and unfavorable tax legislation by the government in Ottawa.

While market timing is always risky, I think it makes sense to keep an eye on this sector to see where it will go.

Happy Tuesday!

-James

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