Bought More Energy Trust Shares

by Dual Income No Kids on January 5, 2007 · 0 comments

Just a quick note. I picked up another 100 shares of Harvest Energy Trust (HTE) and 200 of Advantage Energy Fund (AAV) today. HTE was trading at around $20.0 and AAV was trading at $9.90. Both of these are very good prices for these companies.

Investors have been gunshy about energy trusts due to the Canadian governments impending threats to increase taxes as well as to declining oil and natural gas prices. I think these concerns are silly. Even if Ottowa does increase taxes and energy prices keep declining, the current yield on these investments would still be really juicy.

Since my wife and I are currently in graduate school, we need current income and we can afford to ride out any price fluctuations, so we’re not worried about rumbling from Canadian government and the machinations of energy prices.

Have a great Friday!

Best,

James

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