Oil Spike Sends Equity Investors to Energy Trusts

• By the tickerspy.com Staff
• On 11:47 am EDT, Tuesday September 22, 2009

Oil and upgrades sent Canadian energy trusts skyward on Tuesday.

Canadian energy trusts are up across the board today as crude oil pushes past the $71 mark, and analysts upgrade selected industry players. Pengrowth Energy Trust (NYSE: PGH - News) is a top performer today after the company announced a cash distribution yesterday evening. Investors as of September 30, 2009 will receive 10 Canadian cents per trust unit. The stock is now up by over 6% in the last five sessions.

As a whole, the Canadian Energy Trusts Index is up by 3.1% today. It is currently outperforming the S&P 500 by 6.5% over the last month.

Baytex Energy Trust (NYSE: BTE - News) is leading the rally with a 5% gain after Commerce Bank upgraded the stock to Outperform from Sector Perform.

Meanwhile, Advantage Energy Income Fund (NYSE: AAV - News) is adding 3% to a 10% one-week run. The stock is now up by over 27% in the last month.

Other top monthly performers include Precision Drilling Trust (NYSE: PDS - News), Provident Energy Trust (NYSE: PVX - News), and Enerplus Resources Fund (NYSE: ERF - News). All three are up by double-digits for the period.

Investors can look to the Canadian Energy Trusts Index for sector performance trends and a suite of other metrics.

The Canadian Energy Trusts Index is one of the top-5 yielding tickerspy Indexes, with dividends averaging 6.7% of share value.

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