PRINCETON, N.J. -- Bullmarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has provided subscribers with a detailed report on Canadian energy income trusts, including Penn West Energy Trust (NYSE:
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In its report, BullMarket.com wrote: "We've chronicled the saga of Canada's energy income trusts since last October, when that nation's Conservative government shocked investors and trust management by announcing a plan to boost taxes on those trusts to 31.5% by 2011. Since that announcement, oil trust executives have clung to the slim hope that the government would agree to scale back the tax plan, but those hopes were dashed in late July when Finance Minister Jim Flaherty, the architect of the idea, officially refused to consider modifications pushed by opposition parties in Canada's parliament. Changes to Canada's tax law have already been implemented."
BullMarket.com looked at the following topics, among others:
-- Why have Canadian income trusts been under pressure the last few weeks? Can these stocks rebound?
-- While bottom-line numbers were weak at some trusts, why isn't this likely to affect distributions the next couple of years?
-- Should income-orientated continue to hold these stocks? What other alternatives do they have?
-- How do the underlying businesses look at Penn West, Pengrowth, and PrimeWest?
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NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.