A glance at the fourth quarter operating netbacks (per boe) and the y-o-y change of selected Canadian upstream income trusts:
Advantage Energy(AVN.UN) C$28.67 (-9%)
Crescent Point(CPG.UN) C$40.42 (-5%)
Canadian Oilsands(COS.UN) C$31.49 (-35%)
Daylight Resources(DAY.UN) C$28.98 (-5.3%)
Freehold(FRU.UN) C$42.14 (-9%)
Harvest Energy(HTE.UN) C$23.08 (-30%)
NAL Oil & Gas(NAE.UN) C$34.92 (+6.7%)
Pengrowth(PGF.UN) C$26.23 (-30%)
Penn West(PWT.UN) C$27.31 (-16%)
Peyto(PEY.UN) C$36.26 (+2%)
Provident Energy(PVE.UN) C$24.54 (-10%)
Vermillion(VET.UN) C$46.23 (+5.8%)
Some of the figures contain extraordinary items, which does distort the comparison somewhat. Vermillion had the highest netback with C$46.23 per boe and Harvest had the lowest with C$23.08. Only three trusts(Crescent, Freehold and Vermillion) were able to breach the 40 Canadian dollar mark. As one would expect Canadian Oilsands Trust had the biggest decrease in it's netback. Harvest, Penn West, Pengrowth and Provident have a dual Canadian/US listing and the lowest netbacks.
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