Its Dividend Day (DIVY)

[rrufff]

Thanks shorts, not really sure what the pinkie reference means here. These are totally different markets. Yet, as we've seen there is a pretty decent loss from the highs so just plain closing one's eyes and saying it went up in the past, doesn't do it in my opinion.

As you know, I follow a lot of stocks. I've done exceedingly well in the oil and gas sector, from XOM and EDP to FPP on the low end. My returns have been higher than they would have been here, not to denigrate what has happened here in the past year.

Quite frankly, I needed more time to digest the complicated legal and tax issues and did not do any more research after my initial post. I wanted something to add to my core positions and I tend to do more work than on high risk low dollar value holdings.

Now that other sectors are so high, I was attracted by your posts and, despite the good return the past year, there seemed to be the possibility of continuing value enhancement.

As I suggested before, it's not a question of where the stock has been, it's where it will go in the future. There is a reason the stock has a high yield and may have high risk value.

I am interested in learning more. I'm not investing now, but may. I don't like the idea of potential unlimited liability and potential sharp reduction in share price if the tax law changes or if it is anticipated to change.

Again, reference is made to this article

http://www.dividenddetective.com/canadian_royalty_trusts.htm

and still look for answers to these issues I have raised

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29208165

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29187736

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29171971

Thanks again for your assistance. The more information that is available will help to explain current valuation and risk going forward.

[shortsinthesand]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29497150

[rrufff]

PVX 11.33 off about a buck from the high of a couple weeks ago, probably just as a result of oil peaking.

Still looking for more information and commentary with respect to the issues particular to these companies, i.e., the potential unlimited liability for shareholders and the tax issues (and possible change in entity and holdings structure to follow in the near future.)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29242938

[Screamer]

Great read. Thanks Whistles.

[Risicare]

For canroy lovers http://www.mcdep.com/energyincome.htm
The research is delayed but very good. It is an excellent site well worth some reading. (real time access to the research is very expensive)

[mkendra]

Dave, listening to some oil "experts" on the wire today.........they said "short of a world wide recession, there is nothing in the forseeable future to bring oil down."

Either way, stops are a good thing.

[shortsinthesand]

Screamer sure beats pink sheet investing? LOLOL All the Canroy's are approaching or at 52 week highs now!

I think now would be a good time to place some trailing stop loss orders in to protect our principal here? Of course in our cases they are really called trailing take your profit orders! Oil is causing this rise and sooner or later the bubble might bust?

I haven't updated the ibox prices in some time but if you look at the prices they are and compare them to today's prices you can see the nice capital gains and all the time we received great monthly dividends!

The charts show these guys just marching onward and upward so you know soon there will be a pull back.. Myself I have just placed some trailing sell orders!

GYTA

Sands

[Screamer]

AAV finally broke the 13.00 barrier.

[shortsinthesand]

Welcome to the Reuters Before the Bell news mail.

Wall Street is stuck with the same old decision: Should it worry about inflation or be happy for any signs that the economy is looking up?

Stock futures are pointing sideways ahead of the release of the consumer price index.

U.S. Treasuries are lower, and the dollar is broadly higher. Both are telling the same story as yesterday, when robust retail data gave more credence to the view that the Fed may be finished with cutting interest rates for now.

More appearances by Fed officials are on tap, but the flood of eight yesterday has slowed to a relative trickle of three today. It'll be interesting to hear what everyone has to say, given the focus on inflation and chief Ben Bernanke's pronouncement yesterday that financial markets are still troubled.

Oil prices have fallen from yesterday's record of $127 a barrel after Iran said it had no plans to cut exports.

Mortgage financier Freddie Mac reported a bigger quarterly loss that apparently wasn't as bad as Wall Street was expecting, and its stock is up.

But Deere shares have lost traction after the farm equipment maker harvested quarterly earnings in line with expectations, but said the cost of raw materials and possible component shortages will affect future results.

Until tomorrow,

Lisa Von Ahn
News Mail Editor

[mkendra]

http://www.dividenddetective.com/big_dividend_list.htm

This is a good start........

[Amievil]

Thanks.

Any more in that area or lower worth mentioning?

Any links to a list of sorts?

[mkendra]

DHF:NYSE
DREYFUS HIGH YIELD STRATEGIES

It's a Closed-End Fund


52 - Week Range 3.06 - 4.38

Dividend Yield 9.17%
Declared Dividend 0.0285
Ex-Dividend Date 5/9/08
Dividend Payable Date 5/28/08


Pays monthly.

Been flat for a long time........

DREYFUS has others in the 5-6 % divy range, 8-9 bucks

DMF -DREYFUS MUN INCOME INC COM AMEX Closed-End Fund
DSM -DREYFUS STRATEGIC MUN BD FD COM NYSE Closed-End Fund
LEO -DREYFUS STRATEGIC MUNS INC COM NYSE Closed-End Fund

[Amievil]

Are there any lower end divy paying stocks?

[rrufff]

Thanks shorts - As you know, I follow a lot of stocks. I've done exceedingly well in the oil and gas sector, from XOM and EDP to FPP on the low end. My returns have been higher than they would have been here, not to denigrate what has happened here in the past year.

Quite frankly, I needed more time to digest the complicated legal and tax issues and did not do any more research after my initial post. I wanted something to add to my core positions and I tend to do more work than on high risk low dollar value holdings.

Now that other sectors are so high, I was attracted by your posts and, despite the good return the past year, there seemed to be the possibility of continuing value enhancement.

As I suggested before, it's not a question of where the stock has been, it's where it will go in the future. There is a reason the stock has a high yield and may have high risk value.

I am interested in learning more. I'm not investing now, but may. I don't like the idea of potential unlimited liability and potential sharp reduction in share price if the tax law changes or if it is anticipated to change.

Again, reference is made to this article

http://www.dividenddetective.com/canadian_royalty_trusts.htm

and still look for answers to these issues I have raised

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29208165

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29187736

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29171971

Thanks again for your assistance. The more information that is available will help to explain current valuation and risk going forward.

[shortsinthesand]

Hey Rrufff those are all valid questions and concerns and as you are aware there is no such thing as a guarantee in the stock market! LOL

Hmmm you were asking the very same questions just over one year ago? If you had invested into the three primary stocks I first listed here you would have made over a 50% return including dividends and capital gains had you actively monitored and traded the shares..

In fact if you had bought PGH at 13., AAV at 8.5, PVX at 9, HTE at 18.9 in January You would of had some hefty gains in just under 60 days along with an average of 14% dividends...

These are what I would consider some of the safest stocks on the market. In fact the brokerages think so also as they will let you margin these Canadian oil stocks with as little as 35% equity maintenance opposed to the 50% requirement of most stocks over 5 dollars!

You can also use a straddle strategy to protect your principle as well. It all comes down to your risk tolerance and seeing as how you actively trade micro cap stocks I would say it seems you a high risk tolerance...

So you have had over one year to follow this board and study these stocks.. Its up to you if you want to pull the buy trigger? Of course as I just said they have had some significant gains in the last 3 months so they are at there high end of the range currently..

Here review your post you made last year and see if it is any different then what you posted one year later?
================================================
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18881975

Great idea for a board. Although I post about speculative microcaps and penny stocks, it's way more important to have the bulk of one's portfolio in strong credible dividend plays, as well as high quality debt. I've done very well and spent so little time posting about XOM and EPD, very high yield plays, that have been excellent hedges against the current issues in our world and which are internally diversified. However, I've been looking to further diversify in this area of my portfolio and have noticed many respected posters have mentioned the Canadian Trusts.

I'd like to, and I'm sure others would like to learn more about the basics starting with the issues of trading, brokers, and, especially, the risks. The latter is important as one doesn't get such high returns without inherent risk.

So, I look forward to any sources of basic information, from which we can glean how to trade, the best method to actually buy and sell, brokers to use, US symbols vs. Canadian tickers, and, again, inherent risks.

Thanks for your efforts.
===============================================

regards and happy trading,

good luck

Shorts

[rrufff]

Hi Shorts,

Are you saying there is no risk with respect to the dividend? Is there a risk that the dividend may be reduced? Please see the article I previously posted.

Is there a risk that the tax law changes could be accelerated?

Is there a risk that the uncertainty with respect to tax law changes could cause the stock to underperform the energy sector?

Is there a risk with respect to potential unlimited liability of shareholders because of the entity?

These are legitimate issues and I appreciate any thoughts on these matters.

Thanks again for providing this forum.

[creede]

Shorts,

I was just joking, and that's why I said you could delete it if you wanted to. I don't know anything whatsoever about these stocks, and therefore really have no opinion whatsoever about them. Contempt prior to investigation is a bad thing.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29187981


...especially when you compare them to the Scummy PINK garbage being touted daily on public message boards.

... If the company you invest in doesn't pay you for the use of your money than the investor is just speculating or gambling.

... I really see very little risk here when compared to the non reporting diluting slime ball CEO's that continue to Lie and rip off the investment community..



"There is a principle which is a bar against all information, which is proof against all arguments and which cannot fail to keep a man in everlasting ignorance - that principle is contempt prior to investigation."
- Herbert Spencer

[shortsinthesand]

sorry creede I don't give investment advise I was just responding to Ruffs question. Go ahead and bash away here...Won't work because these are real companies with real results that pay dividends. This board is not a stock specific board either. It is a board about stocks that pay dividends to their investors!

You will find that most of theses stocks don't even have a board on IH. Feel free to start one!

good luck

Shorts

[creede]

You can also straddle your trades and trade the stocks to add free shares every month as I do.

Are you saying you are trading this stock while you seem to be promoting it?

The way you word that really sounds like investment advice. Are you a broker?

(feel free to delete this post. lol)

[rrufff]

Hi shorts - I think you missed the point of my posts. It's not a question of where a stock has been. It's a question of where it is going.

Oil certainly looks like it's going up more. The trend says that. However, at least as many analysts and, in particular, contrarians, say it's a bubble. I really don't care about that and don't pretend to be so wise as to be the only one who is right. In fact, it's often a good idea to hedge a bet by shorting an index fund. Others like puts and calls, but I find being on the writing side is where the consistent money lies.

My desire is always to find something that is undervalued and to see if it can be traded or held. To that extent, I wondered why the yield here is so high and what the issues were both positive and negative.

You seem to be up on the positive arguments and they are compelling. However, as I suggested, every stock has a corresponding negative side and this one certainly has that as I have posted.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29187736

It all comes down to deciding whether the potential for continuing dividend and hopefully gains is worth the risk of loss as a result of possible decline in share price, reduction in dividend, tax problems or even possible liability from owning the shares.

[shortsinthesand]

rufff the stock PVX is doing excellent and is in a long term up trend. Has been paying a strong dividend all along.. Like I said these stocks pay out every 30 days so you have plenty of warning should they change course.

I think part of the apprehension to these stocks are the high dividend payout and that will keep some people from buying them... Long term I don't see oil going down myself and I see these stocks as very smart plays for the intermediate term here.

Your a great DD man and I am sure you will find the answers you seek.. Everyone here on this board that has invested into these stocks over the last year seem to be very pleased with the results.

Especially when you compare them to the Scummy PINK garbage being touted daily on public message boards.

I am surprised your MICRO COAL is just now catching up?

RE:I've been playing coal micros and they have suddenly caught up

Here is a great Coal play FDG of mine you should have got into a year or two ago! No pressure whatsoever on this one except to continue driving onward and upward! the problem with this stock is you have to chase it to catch up! LOL

http://stockcharts.com/h-sc/ui?s=fdg&p=D&yr=0&mn=5&dy=0&id=p99951967194

Here on this board we don't play MICRO companies of any industry including coal oil and gas. We play dividend paying stocks only... If the company you invest in doesn't pay you for the use of your money than the investor is just speculating or gambling.

Been there done that not interested!

happy trading

Sands in the shorts

[rrufff]

The pressure, to which I referred, is that with oil prices and energy at all time prices, this one has done well, but not in comparison to other energy sectors. I've been playing coal micros and they have suddenly caught up. I'm still waiting for a couple of oil and gas micros to catch up with the market. So, my motivation is to discover underpriced securities and this led me to this board.

I was interested because of the relative lag and decided to start doing some research into why yield is so high and price not much higher than it is. There is always an explanation and every stock has positive and negatives. I only wished to get the details of both positive and negative from long time posters here.

What I've come up with so far is largely from this article, and I hoped that others had better, or perhaps more current, insights

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29171971

http://www.dividenddetective.com/canadian_royalty_trusts.htm

The high or low lights, so far, are the following:

1. Tax changes create uncertainty, scaring away investors, who could wind up with perhaps negative yields, if they are the last ones standing.

2. The article, and other sources, indicate that investors may be safe until 2011, but that there have been rumblings of changing the law sooner.

3. All that together, in essence, enhances uncertainty, as investors want to get out BEFORE there is a change. This puts pressure on the price. The fact that the stock has done well does not mean this is not true. There is a price to pay, and this is true throughout all sectors of the market.

4. The tax changes could hurt many trusts well before 2011. Every drop of oil or natural gas pumped out of the ground reduces a trust's reserves by that amount. Historically, the trusts compensated by adding to reserves via acquisitions, using their shares as currency. Now, given their uncertain outlook, it will be harder to make new acquisitions. Trusts without sufficient reserves in the ground may be unable to maintain their current distribution levels.

5. The article indicates that yields will tank perhaps to as low as 2%. At some point, there will be a rush to the exits. The real issue seems to be timing, and whether an individual investor takes on the risk of being able to get out before others.

6. Has the company discussed timing here? Is there a risk of a surprise announcement which could cut a large percentage of the price over night? E.g., could they announce a pending change in structure in anticipation or could they announce a large purchase even though prices are high in anticipation of change of structure?

7. As the article suggests, is there a risk that the company needs to raise funds to continue its competitive payout to attract investors? What would happen if they suddenly announced a large stock offering or a private placement or other financing to shore up reserves?

8. Has there been other discussions with respect to the theoretical risk of UNLIMITED LIABILITY to shareholders? Although this seems to be largely theoretical so far, the articles indicate that shareholders here could be sued in the event of liability, just as a partner in a partnership, could be sued. Again, although this is a low risk, would someone invest if he thought he could be exposed to US or Canadian securities laws issues, contract issues, leashold controversies, tax or regulatory controversies? Although the risk is low, the theoretical risks could be in the millions of dollars and partnership laws typically allow creditors to go after a choice of individuals for 100% liability and not necessarily pro rata. Plaintiffs typically jump first at the biggest pockets, obviously. In any event, legal fees, if the worst situation happens, are enough to bankrupt most individuals.

I was hoping to find some discussion of these very serious issues here in anticipation of making any investment decision.

Thanks again.

[shortsinthesand]

rrufff, I am not sure what pressure on share price your talking about? All of the Conroy's we follow have done very well overall for the last year! Just look at yesterday as the overal market was down all the Canroys were UP BIG!

The dividend payout is every 30 days so you can monitor your stocks monthly and make any adjustments accordingly.. Some of the stocks we follow did take some dips but have recovered very nice so if you dollar cost averaged you would have made plenty of long term gains as well as received your divy each and every month...

You can also straddle your trades and trade the stocks to add free shares every month as I do... I really see very little risk here when compared to the non reporting diluting slime ball CEO's that continue to Lie and rip off the investment community..

Both the Oil shippers and Conroy's are sound sold investments in my book.. Really no need to worry here. IMHO

regards

[I Don't Sell Homes]

I doubt that there would be a law passed between now and 2011 that would make the changeover to an earlier date.

[rrufff]

If the law changes before that, the uncertainty would explain the pressure on the share price to some extent. Is there buzz as to which way the law will go? I.e., no change from current vs. change to tax sooner?

Thanks again.

[I Don't Sell Homes]

That article is the most current info I've seen about the tax/liability. I've heard that the 2011 date is BS and that the law will probably change before then. That's 30 months from now, and a lot could happen between now and then.

[rrufff]

Shorts - I'm looking for something current on the tax and liability situation. Is this article still pretty much on base with respect to the issues affecting US investors?

tia - rr


http://www.dividenddetective.com/canadian_royalty_trusts.htm

Canadian Royalty Trusts

Canadian royalty trusts (CANROYs) are oil and natural gas producers. They grabbed dividend investors’ attention because of their high dividend (distribution) payouts. The trusts pay those dividends because they don’t have to pay corporate income taxes if they distribute their income to unit holders (shareholders). Now, that is changing.

Alarmed when major corporations began converting to the trust structure to avoid paying income taxes, the Canadian government changed the rules. As a result, starting in 2011, all existing trusts will pay taxes at the same rate as regular corporations (newly formed trusts would immediately pay corporate rates).

The tax changes could hurt many trusts well before 2011. Every drop of oil or natural gas pumped out of the ground reduces a trust's reserves by that amount. Historically, the trusts compensated by adding to reserves via acquisitions, using their shares as currency. Now, given their uncertain outlook, it will be harder to make new acquisitions. Trusts without sufficient reserves in the ground may be unable to maintain their current distribution levels.

Once 2011 rolls around, without the tax incentives to pay the money out to investors, many trusts will opt to use their profits to fund expansion. Thus, starting in 2011, we think energy trust distribution yields will be in line with other energy corporations, say in the 2% to 4% range.

That leaves open the question as to what happens between now and 2011. Probably some trusts will convert to regular corporations during that period. Others will be forced to cut their distributions as their reserves deplete. However, some will likely continue substantial payouts until 2011. Which ones are those?

The best prospects are trusts with adequate reserves, strong balance sheets, and existing cash flows that cover current distributions with a minimum 30% margin of safety. Those in a position to substantially increase production from existing reserves get extra points.

Background

Canadian royalty trusts are different from U.S. royalty trusts. The U. S. trusts pay out the cash flow generated by their oil and gas properties, but they are not allowed to acquire new properties. Consequently, their cash flow declines over time as their assets are depleted. Canadian trusts, as mentioned above, try to replenish depleted properties with new acquisitions, and in theory, could operate indefinitely.

In terms of structure, a royalty trust typically controls an operating company, which purchases oil and gas properties using the trust’s capital. The trust then receives royalty and/or interest payments from its operating company.

Since Canadian trusts distribute most of their income to unitholders, they must raise cash to fund acquisitions either by borrowing or by selling more units. So although an acquisition grows a trusts total cash flow, it may not result in increased cash on a per-unit basis.

U.S. Tax Considerations

For U.S. investors, the tax treatment of a Canadian royalty trust’s dividends depends on whether the trust is registered in the U.S. as a foreign partnership or as a corporation. The differences are too complicated to detail here.

Also, the Canadian government applies a 15% non-resident withholding tax on distributions to U.S. investors. However, U.S. citizens can apply for a refund for at least a portion of the amount withheld.

Many Canadian trusts provide information for income tax filing instructions for U.S. unitholders on their Websites. Nevertheless, it can be a complicated process and U.S. investors should consult with a qualified tax advisor before investing.

Unitholder Liability

Canadian trusts are not corporations, and in theory at least, unitholders have unlimited liability for the actions of the trust./ In practice, however, most experts consider it unlikely that individual unitholders will ever be held liable for the trusts actions. However we are not experts on the subject, and you should contact a trust regarding unitholder liability before investing.

Canadian Royalty Trusts Listed On U.S. Stock Exchanges

Most Canadian royalty trusts are listed only on the Toronto stock exchange. However, the following trusts are also traded on either the NYSE or AMEX.

Advantage Energy Income (AAV)

Baytex Energy Trust (BTE)

Enerplus Resources Fund (ERF)

Enterra Energy Trust (ENT)

Harvest Energy (HTE)

Pengrowth Energy Trust (PGH)

Penn West Energy Trust (PWE)

Provident Energy Trust (PVX)

[shortsinthesand]

Provident Announces 2008 First Quarter Results and May Distribution
Thursday May 8, 4:26 pm ET

http://biz.yahoo.com/iw/080508/0395366.html


CALGARY, ALBERTA--(MARKET WIRE)--May 8, 2008 -- Provident Energy Trust (Toronto:PVE-UN.TO - News) (NYSE:PVX - News) -
All values are in Canadian dollars and conversions of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.


"Provident had an outstanding first quarter," said Provident President and Chief Executive Officer, Tom Buchanan. "Strong commodity prices and our high quality diversified energy assets combined to deliver funds flow from operations of over $180 million resulting in a payout ratio of 59 percent for the first quarter."

Highlights

- Consolidated funds flow from operations including the Canadian Oil and Gas Production and Midstream business units (continuing operations) and the U.S. Oil and Gas Production business unit (discontinued operations) was $180 million ($0.71 per unit), up 107 percent from $87 million ($0.41 per unit) in the first quarter of 2007. Consolidated funds flow from Canadian Oil and Gas and Midstream (continuing operations) increased to $130 million in the first quarter of 2008, up 52 percent from $86 million in the first quarter of 2007.

- Distributions for the first quarter held at $0.36 per unit, resulting in a strong payout ratio of 59 percent, down from 91 percent in the first quarter of 2007.

- Consolidated production for the quarter was approximately 52,300 barrels of oil equivalent per day (boed), up 61 percent from 32,400 boed in the first quarter of 2007 due to acquisitions in 2007 buttressed by internal development activities.

- Canadian Oil and Gas production averaged approximately 27,600 boed in the first quarter of 2008, up 13 percent from 24,300 boed in the first quarter of 2007. Production remained balanced at approximately 51 percent natural gas and 49 percent crude oil and natural gas liquids.

- Funds flow from operations in the Canadian Oil and Gas business was approximately $71 million in the first quarter of 2008, up 53 percent from $46 million in the same quarter in 2007.

- The Midstream business delivered first quarter Earnings before interest, taxes, depletion, depreciation, accretion and other non-cash items (EBITDA) of $76 million in 2008, up 44 percent from $53 million in the first quarter of 2007. Strong operational performance at the Midstream facilities allowed Provident to capitalize on the favourable price environment and deliver strong margins.

- In February, Provident announced it intention to sell its U.S. Oil and Gas production business. Under generally accepted accounting principles ("GAAP") these assets are now accounted for as discontinued operations.

May Distribution

Provident today announced its May cash distribution will be CDN$0.12 per unit payable on June 13, 2008. May's distribution will be paid to unitholders of record on May 23, 2008. The ex-distribution date will be May 21, 2008. The Trust's current annualized cash distribution rate is CDN$1.44 per trust unit. Based on the current annualized distribution rate and the closing price on May 7, 2008 of $11.41, Provident's yield is approximately 12.6 percent.

For unitholders receiving their distribution in U.S. funds, the May 2008 cash distribution will be approximately US$0.12 per unit based on an exchange rate of 0.9979. The actual U.S. dollar distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

This press release does not constitute and is not intended to be legal or tax advice to any particular holder or potential holder of Provident units. Holders or potential holders of Provident units are urged to consult their own legal and tax advisors as to their particular income tax consequences of holding Provident units.

Provident Energy Trust is a Calgary-based, open-ended energy income trust that owns and manages an oil and gas production business and a natural gas liquids midstream services and marketing business. Provident's energy portfolio is located in some of the most stable and predictable producing regions in Western Canada and the United States. Provident provides monthly cash distributions to its unitholders and trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbols PVE.UN and PVX, respectively.

This document contains certain forward-looking statements concerning Provident, as well as other expectations, plans, goals, objectives, information or statements about future events, conditions, results of operations or performance that may constitute "forward-looking statements" or "forward-looking information" under applicable securities legislation. Such statements or information involve substantial known and unknown risks and uncertainties, certain of which are beyond Provident's control, including the impact of general economic conditions in Canada and the United States, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, pipeline design and construction, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities.

Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. In addition to other assumptions identified in this news release, assumptions have been made regarding, among other things, commodity prices, operating conditions, capital and other expenditures, and project development activities.

Although Provident believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Provident can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Provident and described in the forward-looking statements or information.

The forward-looking statements or information contained in this news release are made as of the date hereof and Provident undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

[mkendra]

Babcock & Brown Air (FLY) 1Q Net $11.7M Vs $4.42M

Up $3, ALMOST $4/share premarket!

May 8, 2008 07:05:33 (ET)

[mkendra]

Cramer said the whole tanker sector will take off.

Cramer has a big mouth and I take everything he says cautiously, but he knows a few things. He can REALLY burn ya, though, too!

I am keeping a core position in PGH at $18, so I think I'm good for a while. That doesn't include the divies I recieved.

Good call, Dave!

[shortsinthesand]

Mike the Oil tankers have done very well lately sorry I sold ONAV as it has really done well.. The Canroys also have done excelent so taking a little off the table and switching is probably a wise move!

I have been trading PVX and building my position with the profit..

regards

Shorts

[mkendra]

Pengrowth Energy Trust (PGH, $20.02, $0.28, 1.4%) posted a first-quarter loss of 23 Canadian cents a unit, compared with a loss of 29 Canadian cents a year earlier. Cash flow and sales rose in the quarter.

[Screamer]

AFN - growing nicely. Still a lot more room to grow.

Plus a.25/qtr divy

quarterly report: http://biz.yahoo.com/prnews/080506/nytu126.html?.v=101

[Screamer]

CSE creeping up on 16.00!

[mkendra]

S&P UPGRADES SHARES OF DOUBLE HULL TANKERS TO BUY FROM HOLD, ON VALUATION
S&P Marketscope -



SNPMarketScopeResearchNotes2008-05-06 10:08:36.000DHTDOUBLE HULL TANKERSM.KayS&P UPGRADES SHARES OF DOUBLE HULL TANKERS TO BUY FROM HOLD, ON VALUATIONWe are positive on DHT's time charter coverage (100% of fleet), and profit sharing arrangements. However, we see difficult tanker markets over the next 12 months. We think DHT can handle a downturn in tanker rates, as we view its contracts as attractive, with upside potential from profit sharing, providing stability for cash flow. We lower our target price by $1 to $12, blending relative metrics with 0.85X our NAV calculation of $13.40. We estimate DHT is currently trading at a 28% discount to NAV, vs. peers at 36%. With shares yielding 9.6% and upside to our target, we upgrade.|US;DHT|97413|3371488


SOLD 100 OF PGH AND BOUGHT 200 DHT..........DIVY COMING UP....

[Screamer]

CSE creeping up on 15.00!

[Screamer]

CSE creeping up on 14.00!

[JoeSmith]

This article and the 46 comments are packed with information on high yielding dividend stocks. Many stock symbols are given and a good discussion of partnerships, schedule K-1 etc.

8 High-Yielding Stocks for Income Investors
http://seekingalpha.com/article/69309-8-high-yielding-stocks-for-income-investors?source=yahoo

[mkendra]

Thanks for the info!

[I Don't Sell Homes]

That's how these funds raise capital and maintain the divy. This spiked to almost 16 in May 07 and 11 months later its under 9. The is a fairly small fund, under 175m. The mgmt fees are 2.65%, which is kinda high compared to other funds (.07%-2%). Here's the profile if you want to check it out.

http://www.etfconnect.com/select/fundpages/other.asp?MFID=3698

[Screamer]

your right. Very interesting. Thanks.

[mkendra]

interesting: BIF

Boulder Growth & Income Fund Inc. (BIF), is the highest yielding monthly growth and income fund, and yields 15.7%. This CEF invests in common stocks in both the U.S. and outside the U.S., warrants, corporate bonds, treasury bills, and repurchase agreements. It was founded in 1972, and is co-managed by Boulder Investment Advisers, and Stewart Investment Advisers.

WHY IT IS INTERESTING TO ME:

April 03, 2008 5:32 PM ET


The Boulder Growth & Income Fund, Inc. (NYSE: BIF) is reminding stockholders that a record date for stockholders entitled to participate in the Fund's 1-for-3 non-transferable rights offering has not been set.

To date, only a preliminary registration statement has been filed with the Securities and Exchange Commission ("SEC"). The rights offering will not take place until the SEC declares the registration statement effective, which presently the SEC has not done. Although a record date was listed in the Fund's preliminary registration statement, the date was only preliminary and no record date has been established.

Once the Fund has established a record date for the rights offering it will follow the necessary channels to properly declare the record date; including notification to the New York Stock Exchange and issuance of a press release.

On February 20, 2008, the Fund announced that its Board of Directors had approved a 1-for-3 non-transferable rights offering for the Fund. The rights offering will permit record date stockholders to acquire one new share of the Fund for every three rights held at a subscription price equal to the net asset value (NAV) per share of common stock at the close of trading on the expiration date of the offering. The record date for the offering has not been set.

SOURCE: Boulder Growth & Income Fund, Inc.

Boulder Investment Advisers, LLC
Nicole Murphey, 303-449-0426

[mkendra]

Got on watch, but honestly, I got caught in AHM (now AHMIQ) so bad, I haven't got the nerve for real estate just yet. Lost 14,000 overnight on vacation.

[Screamer]

CSE has rebounded very nicely. They've made some nice moves in the last month. Still good upward potential, plus that nice divy.

[mkendra]

Just bought 300 of FLY.

[mkendra]

MORE High Yielding U.S. Stocks

Harvest Energy Trust (HTE) 15.20% - Oil & Gas
GSC Investment Corp (GNV) 16.30% - Asset Management
Oceanfreight Inc. (OCNF) 16.20% - Shipping
Babcock & Brown Air (FLY) 14.20% - Leasing Aircraft (long term leases)
Terra Nitrogen (TNH) 14.10% - Agricultural Fertilizers

[mkendra]

Absolutley! I see F is doing well, also. Looks like you got some padding.

I bought some GM a couple weeks back, anticipating an early end to the American Axle strike (based on what I heard in Detroit- I live 60 seconds from GM headquarters). Wrong, wrong, wrong. I'm a little under, there, but nothing I couldn't recover in a good day. Making a boat load on PGH - thanks for the tip! They (PGH) have some good news out today for potential longterm growth. Turning into a cash cow for me! I see no reason why GM won't get back to $30 this year, so I'll stick it out and collect divies until then.

Later!

[shortsinthesand]

So am I.... also PVX

TRIPLE.... whhhhhhhhhhhhhhheeeeeeeeeeeeeeeeeeeeeeeeeee!!!!

Shorts

[Screamer]

I'm an AAV guy. Please touch 13 dollars!!!!

wwhhhhhhhheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!

LOL

[shortsinthesand]

Mike PGH touching 20 dollars!!!! am I allowed to say:

wwhhhhhhhheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!

Shorts