If Harvest Energy Trust
The first thing you'll probably notice about this Canadian high-yielder is that it sports the hefty cash distribution characteristic of fellow royalty trusts Penn West Energy Trust
Unlike the other oil- and gas-producing trusts, however, Harvest also boasts an integrated company structure. This means that, like profit factory EnCana
In addition to sporting this combination of features, which should tantalize anyone seeking a conservative investment in the oil patch, Harvest possesses a notable asset portfolio. First off, its liquids/natural gas split is an unusual breakdown of around 70/30. And around 40% of its oil assets are amenable to CO2 floods, a means of recovering additional oil from older fields.
Harvest is active in the Lloydminster heavy oil play that put Devon Energy
In 2007, Harvest replaced a bit more than 100% of its production, which is unimpressive when compared with the reserve additions that certain galloping gas guys have achieved. It's also low compared with the folks at Arena Resources