Baytex Energy Trust (CAN) (NYSE:BTE)

Hmm, let me think about this...12%+ monthly dividend, oil is high and staying high and this stock is selling at near it's 52 week low. I think I will buy some more! Hold and reap the rewards!

energy boom

heavy oil, fourty percent of the free worlds oil comes from unstable political areas. Bte has a stake in Canada's tar sands.

NICE DIV

extremely conservative CANROY (canadian royalty trust) payout only 52% still yields 11%

Positive Note:
Excellent net profit margin of 32.9%, pays out excellent dividends every month and the dividends total about $1.86 annual, has a low price for the stock($16.80), should be trading close to $23.50, good stock to have in your portfollio if you can afford it.

Negitive Note:
Trust tax is access on your dividends when the dividends are put in your account (By Canada ). You also pay dividend taxes at the end of the year(U.S). After its all said and done you make close to 9% - 10% interest or dividend on your investment per month.

This is one of those "Canadian Oil Trusts" that will be bad news after 2011 because of the adjusted taxing structure but until then 10.70% dividend paid monthly will make up for it's loss in 2011

Even with doubts about Canadian tax changes, this appears to be a nice dividend play (10.66% as of 1/29/07 a.m.)with plenty of upside potential as oil prices rise.

Candian oil is priced right

Buy low; sell high

Canadian tax situation not understood and uncertainty dragging stock down. Oil prices and demand will continue to rise.