Alerts & Commentary
Action Alert – PGH
PGH
One of our basket of Canadian Royalty Trusts, PGH has broken out on its Daily chart. It has also broken out on its Weekly chart and in the process, taken out the overhead resistance of its 200-Week MA. PGH has also moved above its 50-Month MA on the LT Trend.
We like a 2-5% opening entry here with the goal that we may own 3-5 of these Trusts at a total investment of no more than 10% of our Core Portfolio. The Trust is currently paying a monthly distribution of $.07 / Unit which translates to an annual return of ~7.5%
Though the tax status is undetermined at this point, past distributions have generally been “qualified” which means they are taxed at LT Capital Gains rates rather at ordinary income tax rates, making it an excellent candidate for a spot in your after-tax trading or investment account, rather than in an IRA account.
Other CAD Energy Trusts we are watching for entries are… BTE, ERF, PDS, PVX & PWE
Coach BD
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