Published on greenfaucet (http://www.greenfaucet.com)
Baytex Distribution Hike Emblematic of Canadian Energy Trust Strength
By Chip Hanlon
Created 2008/06/05 - 2:51pm

If you didn't see the announcement yesterday [1], Baytex Energy Trust (BTE [2]) boosted its monthly distribution by 25% due to the huge cash flows this sector has been seeing because of high oil and gas prices.

As I've been saying [3], it is very likely we will see more such distribution increases from Canadian energy trusts throughout this year, regardless of whether oil wants to correct even a little bit more from here.

*By the way, check out my latest podcast [4], in which I talk about energy and how inflation's ripples haven't yet been fully felt.

 


Source URL: http://www.greenfaucet.com/hanlons-pub/baytex-distribution-hike-emblematic-of-canadian-energy-trust-strength

Links:
[1] http://studio-5.financialcontent.com/greenfaucet?GUID=5653474&Page=MediaViewer&Ticker=BTE
[2] http://studio-5.financialcontent.com/greenfaucet?Page=QUOTE&Ticker=bte
[3] http://greenfaucet.info/hanlons-pub/energy-pause-no-problem-for-canadian-trusts
[4] http://www.greenfaucet.com/market-neutral-is-bernanke-pondering-inflation