Petrofund Energy Trust (TSE PTF.UN NY PTF) modified Feb 15, 2006
*************************
*****
*******
Petrofund Energy Trust (Petrofund), formerly NCE Petrofund, is a Canadian royalty trust that acquires and manages a balanced portfolio of oil and gas producing properties in Western Canada. Founded in 1988, Petrofund is one of the oldest publicly traded royalty trusts in the country and the first Canadian oil and gas royalty trust to list on a U.S. stock exchange. Petrofund’s head office is in Calgary, Alberta.
Petrofund was created to provide investors with monthly cash distributions through investments in oil and gas producing assets. The Trust’s business model focuses on property and corporate acquisitions, as well as the development of low to medium risk oil and gas reserves. This model provides a continuous income stream for unitholders and encourages stability in distributions.
Recent News:
Petrofund Energy Trust Reports Financial and Reserve Results for 2005
Annual cash flow increased 68% in 2005 to $398 million, and net income increased 183% to $211 million. This was due to the additional production and a 28% increase in Petrofund's average 2005 realized price to $57.71 per boe.
Roger Serin ....... TD Newcrest……Apr 18, 2006
Maintained BUY
Price Target raised to $29.00 from $24.00 C
PTF.UN Price day before: $26.74 Finish day of posting:$27.35Current:$27.35
PTF Price day before: $23.32 Finish day of posting:$24.05Current:$24.05US
------Feb 15, 2006-----------
Maintained BUY
Price Target $24.00 (Target Hit Mar 13, 2006)
PTF.UN Price day before: $21.44 Finish day of posting:$21.92Current:$27.35
PTF Price day before: $18.60 Finish day of posting:$18.90Current:$24.05US
------Nov 09, 2005-----
Maintained BUY
Price Target $22.00
PTF.UN Price day before: $21.34 Finish day of posting:$21.42Current:$27.35
--------Aug 10, 2005---------
Maintained BUY
Price Target raised to $23.00 from $21.00 (Target Hit)
PTF.UN Price day before: $21.74 Finish day of posting:$22.21Current:$27.35
----July 04, 2005----
Upgraded to BUY from HOLD
Price Target raised to $21.00 from $17.25 (Hit Target July 29, 2005)
PTF.UN Price day before: $19.50 Finish day of posting:$19.89Current:$27.35
-----May 12, 2005------
Maintained HOLD
Price Target $17.25
PTF.UN Price day before: $18.65 Finish day of posting:$18.04Current:$27.35
-------Feb 17, 2005-----
Maintained HOLD
Price Target raised to $16.25 from $15.50
PTF.UN Price day before: $17.75 Finish day of posting:$17.72Current:$27.35
***************
Bruce McDonald ....... Canaccord Capital……Apr 18, 2006
TENDER
PTF.UN Price day before: $26.74 Finish day of posting:$27.35Current:$27.35
PTF Price day before: $23.32 Finish day of posting:$24.05Current:$24.05US
-------Feb 16, 2006-----
Maintained BUY
Price Target $24.00C (Target Hit Mar 13, 2006)
PTF.UN Price day before: $21.92 Finish day of posting:$22.85Current:$27.35
PTF Price day before: $18.90 Finish day of posting:$19.70Current:$24.05US
-----Nov 09, 2005----------
Upgraded to BUY from HOLD
Price Target raised to $24.00 from $22.00 (Target Hit Mar 13, 2006)
PTF.UN Price day before: $21.34 Finish day of posting:$21.42Current:$27.35
-----Aug 10, 2005---------
Maintained BUY
Price Target raised to $22.00 from $21.00
PTF.UN Price day before: $21.74 Finish day of posting:$22.21Current:$27.35
-----June 21, 2005----------
Re-Instated BUY
Price Target raised to $20.00 from $19.00 (Hit Target)
PTF.UN Price day before: $19.45 Finish day of posting:$19.34Current:$27.35
------May 12, 2005-------
Maintained BUY
Price Target $19.00 (Hit Target)
PTF.UN Price day before: $18.65 Finish day of posting:$18.04Current:$27.35
------Feb 17, 2005-------
Maintained BUY
Price Target raised to $17.75 from $16.75
PTF.UN Price day before: $17.75 Finish day of posting:$17.72Current:$27.35
***************
Cristina Lopez ....... Tristone……Feb 15, 2006
Upgraded to OUTPERFORM from MARKET PERFORM
PTF.UN Price day before: $21.44 Finish day of posting:$21.92Current:$27.35
PTF Price day before: $18.60 Finish day of posting:$18.90Current:$24.05US
*************
Menal Patel ....... National Bank……Dec 12, 2005
Upgraded to OUTPERFORM from SECTOR PERFORM
PTF.UN Price day before: $21.34 Finish day of posting:$21.42Current:$27.35
PTF Price day before: $17.97 Finish day of posting:$18.21Current:$24.05US
******************
Kirk Wilson ....... First Associates…….Mar 12, 2005
Maintained HOLD
PTF.UN Price day before: $18.51 Finish day of posting:$18.45Current:$27.35
***********
********************
Get detailed Quote & Chat at:
