Buying more Provident

Saturday, April 26th, 2008

I’m starting to buy Provident Energy Trust (PVX: chart, web, Y!) again in small bits and pieces.  Natural gas ($natgas: chart) is holding its own even with rising temperatures, mostly due to increased use in electrical power generation.

I’ve also noticed that with the advent of LNG technology (liquified natural gas, where they cool the stuff off so much it turns to a liquid, thus facilitating shipping) we’re starting to see natural gas traded more on a global market.

It used to be that natural gas markets were very focused due to the infrastructure required to handle the gas.  Now that it’s exportable, …

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Provident Year End Results

Saturday, March 22nd, 2008

Last Wednesday, Provident Energy (PVX: chart, web, Y!) came out with their 2007 year-end and Q407 report, and also provided an update on reserves.

All around a positive report, and I’m curious as to why the stock dropped almost a dollar in two days on a fairly bullish report. The only thing I can think of is that crude oil ($wtic: chart) dropped $6 and natural gas ($natgas: chart) prices waned almost a dollar in those same two days will a lot of money fleeing commodities.

A few highlights from the report:

The payout ratio in the fourth quarter of …

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Posted in Energy, Investing, Oil & Gas, Stock Thoughts | No Comments »

Provident Energy: I see a trend.

Friday, December 21st, 2007

My Provident Energy Trust (PVX: chart, web, Y!) has been on the slide since the beginning of November. I can’t figure out why.

The only conclusion I can come to is that it’s attributed to end of year tax selling, but that theory only makes marginal sense. After all, PVX is continuing its CDN$0.12 monthly dividend, and fundamentally, I don’t see why they’d drop the distribution any time soon. Crude oil ($wtic: chart) is still North of $90 per barrel, and natural gas ($natgas: chart) is holding above $7 per MCF….

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Posted in Investing, Market Trends, Oil & Gas, Royalty Trusts | 6 Comments »