5-Star Stocks Poised to Pop: Harvest Energy Trust
By
Brian D. Pacampara
October 29, 2008
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Based on the aggregated intelligence of 120,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Canadian oil and natural gas trust Harvest Energy (NYSE: HTE) has earned a coveted five-star ranking. Our data has shown that five-star stocks outperform the market by a significant margin; conversely, one-star stocks have woefully lagged the market average.
With that in mind, let's take a closer look at Harvest Energy's business and see what CAPS investors are saying about the stock right now.
Harvest Energy facts
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Headquarters (Founded)
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Calgary, Canada (2002)
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Market Cap
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$1.3 billion
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Industry
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Oil and Gas Exploration & Production
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TTM Revenue
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$3.8 billion
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Management
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CEO John Zahary (since 2006)
CFO Robert Fotheringham (since 2006)
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Return on Capital (average last three years)
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5.8%
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Current Dividend Yield
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37.8%
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Competitors
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Imperial Oil (AMEX: IMO),
Pengrowth Energy Trust (NYSE: PGH)
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CAPS members bullish on HTE also bullish on
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Penn West Energy Trust (NYSE: PWE),
Vale (NYSE: RIO)
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CAPS members bearish on HTE also bearish on
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Provident Energy Trust (NYSE: PVX),
Cemex (NYSE: CX)
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Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS. TTM = trailing 12 months.
Over on CAPS, fully 702 of the 729 members who have rated Harvest Energy -- some 96% -- believe the stock will outperform the S&P 500 going forward. These bulls include aracer and fadiah, both of whom are ranked in the top 15% of our community.
Just last week, aracer kept the bullish case simple: "Good quality petrol and NG producer, with nice dividend, in Canadian dollars, at 52 week low. Good long term hold. Oil will go up again."
A pitch from fadiah one day later agrees, elaborating on the bullish features of Canadian royalty trusts as a whole:
I believe that Canadian Energy trusts are way beaten down, too much selling pressure from funds liquidating at any price to ease their liquidity shortages is the major cause of this drop. so if I buy now I will enjoy a very high yield plus an appreciation of commodity prices when all the hysteria that is invading this market will stop, also a back to normal currency rate between CAD and USD.
What do you think about Harvest Energy, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 120,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.
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