Enerplus Resources Fund Trust Units  (ERF) Trade Now »     Rate ERF  -  Discuss ERF  -  Add to Watch List        

• Export Prices - no Street consensus
• Import Prices - no Street consensus
• Trade Balance - Street Sees ($31.8 billion)

Canadian Income and Small Cap stocks are trend setters with all seven in our coverage in an upward stock price trend defined by price above the 200-day average. Low McDep Ratios give fundamental support. Buy- recommended Canadian Oil Sands Trust (COSWF.PK) has the appeal of long-life oil outside the U.S. and its income potential rises with oil price. Shorter-life, oil-oriented Canadian Income Trusts, namely hold-rated Penn West Energy Trust (PWE), Enerplus Resources Fund (ERF) and Pengrowth Energy Trust (PGH), have joined the stock price uptrend by crossing above their 200-day average.

Canadian Income Trusts, including hold-rated Penn West Energy Trust (PWE) along with unrated Pengrowth Energy Trust (PGH) and unrated Enerplus Resources Fund (ERF), have become dominant operators in great old conventional oil fields of Western Canada that are ripe for enhanced recovery. The trusts’ rate of distribution is appealing at 12.5%, 13.3% and 9.1% a year respectively. Investor skepticism reflected in low unlevered cash flow multiple (EV/Ebitda) of 6.2, 5.7, and 6.1, adds to the investment appeal.