RBC, which has strong analyst coverage of the Canroys, is now rating most of them as "Sector Perform". Only a handful - BTE, PVX, CPG.UN, PMT.UN are rated "Outperform." By contrast, RBC rates every E&P MLP they cover as "Outperform" (ATN, BBEP, EVEP, LINE, etc.).
With their price deck ($100/$9 for '08), every one of the Canroys is trading above NAV. All of the MLPs are trading below NAV.