The divi to US investors just went to about .10 per share per month after Canadian tax, which just about offsets the US position. So say about .10. That's about $1.20 annually, and yields about 12% net to the US investor. The real deal is that is a reduced divi and gained after allowances for reduction in oil and gas prices. Now having said that, factor in the probability that the dollar declines against Canadian money, and you may get a nice gain there for US investors. In addition, as gas and oil prices continue to rise with inflation over the next two years, the possibility of a divi increase needs to be considered. All in all, perhaps PWE is a nice buy around the $10 mark. But I would probably take some time to do some due diligence on the US MLP's as well for any future investment funds. Luck to all.
Forget about any increase in dividend, regardless of what oil & NG prices do. That's because management has lied all along about their plans. They intend to change to a corporate structure on or before Jan. 2011 with NO dividend. The only value to investors then will be capital gains, if any. Expect one or two more dividend cuts, disguised as "debt reduction" or "acquisition", the last cut reducing the dividend to zero.