MetaTrends Profit

Risk Adjusted Yield (RAY)

Yahoo! CWEI

RAY=my "risk adjusted yield" calculation, with high being good. It takes into consideration fully diluted payout per unit and cash-on-cash yield. It does not include anything else, like reserve life, stability of production/share, management quality or historical distribution stability.

Please see my other posts today on this topic because there are standard metrics, like RLI, that I think are foolish to consider. What counts is reserves per unit, NOT RLI, for example. RAY is likely to predict which trusts will be forced to issue more shares and/or debt to maintain their payout and asset backing of reserves. When I decide which trusts to own, I start with the high RAY companies and then I check out their business model, per unit historical changes in production, and the various measures of reserves, with most emphasis on proved-producing and proven. Trusts with high "Probable" reserves are the ones most likely to be paying out good money to buy reserves to impress unitholders, rather than to increase production and cash flow.
Perhaps more later.

Daylight Ener day-un.to dayff 14.1% 5.21
Harvest hte_u.to hvegf 9.8% 4.90
Fairborne Ener fel-un.to 11.8% 4.48
Acclaim ae_u.to acnjf 12.5% 4.23
Ketch Res ker-un.to kerff 13.4% 4.03
StarPoint Ener spn-un.to spnff 12.9% 4.01
NAL O & G nae_u.to noigf 13.0% 3.89
Zargon zar_u.to zarff 7.0% 3.75
Arc Energy aet_u.to arruf 9.0% 3.51
Esprit Ener eeea.to eeeaf 14.1% 3.37
Petrofund ptf_un.to PTF 10.2% 3.35
Paramount pmt_u.to pmgyf 15.1% 3.02
Focus fet_u.to fetuf 8.7% 2.87
Viking vkr_u.to vkerf 13.4% 2.69
Vermilion vet_u.to vetmf 8.8% 2.54
Peyto pey_u.to peyuf 4.7% 2.46
EnerPlus erf_u.to ERF 9.0% 2.43
Bona Vista bnp_u.to bnpuf 10.6% 2.34
Baytex bte_u.to bayxf 13.2% 2.25
Progress pgx_u.to pgxff 12.2% 2.20
APF Energy ay_u.to apfrf 15.4% 2.00
Crescent Pt cpg_u.to cpgcf 10.7% 1.93
Shining Bk shn_u.to sbkef 12.8% 1.79
TKE Energy tke-un.to tkeff 14.6% 1.75
Freehold fru_u.to frhlf 10.5% 1.68
PenGrowth pgfa.to PGH 10.1% 1.61
Provident pve_u.to PVX 11.1% 1.56
Can Oil Sds cos_u.to coswf 2.2% 1.11
Bonterra bne_u.to bneuf 9.6% 0.77
NAV Energy nvg_u.to nvguf 14.9% 0.59
Prime West pwi_u.to PWI 11.5% -0.23
Advantage avn_u.to avnnf 16.0% -0.32

posted by agrossfarm @ 7:06 AM