We are again becoming interested in Canadian Royalty Trusts. They have been hammered along with the rest of the energy sector but are beginning to show signs of reversal in many of those we like, or have owned previously.
Most of these have maintained their distributions (dividends) and some are paying more than 30% per year with monthly distributions.
We are watching for some good volume upward movement through resistance on several including… AAV, BTE, HTE, PDS, PGH, PVX & PWE.
Stay tuned for new entries. These were very good trades for us last year even though we decided to bail out of them as Oil prices collapsed. Normally we would want to hold these great dividend stocks for the longer term but after that unbelievable run-up in Oil that took all of the energy with it, we decided to take our significant appreciation and dividend profits and wait for the washout, which appears may be nearing it’s end.
