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Stocks Fall AGAIN as earnings jitters take hold. 10-21-08

Stocks slumped Tuesday as mixed corporate earnings reports gave investors a reason to retreat after the previous session’s big rally.
The Dow Jones industrial average (INDU) lost 231 points or 2.5%. The Standard & Poor’s 500 (SPX) index lost 3.1% and the Nasdaq composite (COMP) lost 4.1%.
Lending rates continued to improve, helping to reassure investors that [...]

Citi Downgrades Permian Basin Royalty Trust (PBT) to Hold

Citi downgrades Permian Basin Royalty Trust (NYSE: PBT) from Buy to Hold. Price target increased from $17 to $20.
Citi analyst says, “The decision to lower our rating is based on the trust’s current valuation. The units have appreciated by nearly 39.5% since mid December through March 11, 2008 (e.g. which compares favorably [...]

Pengrowth Energy Trust “sector underperform,” target price raised

3:47a.m. – Peters & Co
NEW YORK, March 17 (newratings.com) – Analysts at Peters & Co maintain their “sector underperform” rating on Pengrowth Energy Trust (PGF.UN) and (PGH.NYS) NYSE. The 12-month target price has been raised to $17.
In a research note published on March 14, the analysts mention that the company’s [...]

Should big trust payouts raise flags?

When an income trust begins to pay out close to all its cash flow in the form of cash distributions, should investors be concerned?
In the case of Canadian Oil Sands Trust COS-UN.TO, which raised its quarterly distribution to 75 cents from 55 cents, the answer according to the market appears to be no: The units [...]

Analysts cite Abu Dhabi‘s TAQA as potential buyer for Compton Petroleum (Compton-Petroleum)

CALGARY _ Analysts are citing Abu Dhabi National Energy Co., also known as TAQA, as a possible buyer for natural gas producer Compton Petroleum Corp. (TSX:CMT), which has been pressured by a major shareholder to put itself up for sale.
TAQA, a state-owned company based in the United Arab Emirates, has zeroed in on Canadian gas [...]

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