$9.41
0.00 (0%)
Harvest Energy Trust (USA) (NYSE:HTE.DL)
CAPS Rating:
Calgary-based oil and natural gas royalty trust
Calgary-based oil and natural gas royalty trust
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Recs
Low P/E....relatively close to 52-week lows...5-star CAPS rating...and grossly oversold. Sure that's great, but what about the 2011 tax changes and the potential changes for energy companies? Simple. While the 2011 tax changes on trusts will mean a greater tax, it's not going to kill the company or its dividend. Regardless of how "green" anyone thinks they can be or what (if any) energy legislation gets passed, the truth is that there is no conceivable way that any large economy can fully disavow oil and natural gas. So basically, this company is going to be around for a while, has a sellable product, and will still/always offer a reasonable to high dividend.