I agree donk! But.........Exxon "can" keep issuing more shares and noone will worry if they can stay in business. Also, they dont rely on acquisitions. What would happen if the acquisition market in canada became so tight that nothing could be acquired at fair value for oh.....say 2-3 years. In the M&A world...this has happened! This is a trust, not exxon mobile or hess or shell. How would we shareholders survive, if acquisitions become nil "and" oil and gas goes south? I am just playing devils advocate here. Hey....I own this puppy too, but id rather have owned CHK or XOM or BHP for a much greater overall return. I guess what i am asking is...."is the distribution we get, coming at too high of a price? time will tell.
Fair-valued aquisitions??In Canada, there are more and more new energy trusts formed every week. M&A activity is at an ALL-time crazy level here, with costs as high as $60,000Cdn per BOEPD (barrel of oil equivalent per day) or more driven up mostly by the trusts!!! This is what will eventually cause a problem for investors in my mind.Canroys are a tread mill; once you're on you can't get off.This is all just a portion of the HIGH RISK of Canroys.