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Common Cents Monthly - June |
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Common Cents - June 9th, 2008 Publication
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Delta Global Advisors · Common Cents · June
8th, 2008 |
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Baytex Distribution Hike Emblematic of Canadian Energy Trust Strength
By Chip Hanlon
If you didn't see the
announcement, Baytex Energy Trust
(BTE) boosted its monthly distribution by 25% due to the huge cash
flows this section has been seeing because of high oil and gas
prices.
As I've been saying, it is very likely we will see more such distribution increases from Canadian energy trusts throughout this year, regardless of whether oil wants to correct even a little bit more from here.
Canadian Energy Trust that will be declaring dividends in coming days:
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PWE |
CDN$0.34 on 6/13 |
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PVX |
CDN$0.12 on 6/13 |
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HTE |
CDN$0.30 on 6/13 |
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DAY.NU |
CDN$0.10 on 6/16 |
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PMT.UN |
CDN$0.10 on 6/16 |
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AET.UN |
CDN$0.24 on 6/16 |
* By the way, check out my latest podcast, in which I talk about energy and how inflation's ripples haven't yet been fully felt.
The McDonalds Falling Dollar Menu
By
Michael Pento
McDonalds Corp (MCD) held its annual meeting last Thursday, May 22nd, and stated it has no plans to tamper with its highly successful dollar menu, which accounts for 14% of the company's sales. However, The Golden Arches must wish that its dollar menu was on the McGold standard instead of being based on a currency that has fallen 40% in the last 6 years. That dollar decline is putting the squeeze on the Oak Brook, Illinois-based firm, as agricultural input prices are surging while consumer food prices are only up about 4% since last year. (Read More)
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Infrastructure Commentary |
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Turkey’s Infrastructure Signals Something Big
By Paul Baiocchi
 Turkey's recent introduction of the unique Infrastructure Investment Trust (IIT) is the latest reminder of the vast opportunity existent in the developing economies of the world. This privatization of infrastructure development is a powerful force which is not only driving investment globally, but also creating opportunities for investors.
Under Turkey's plan, private trusts will be formed with the cooperation of local governments in order to attract public financing for infrastructure projects.
(Read More)
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Richard Rainwater has turned Bearish on Oil (Time)
A Peek at Pimco's Long View (BusinessWeek)
Video: T. Boone Pickens on Oil and Energy from the Milken Conference (Bloomberg)
Who is Responsible for the Global Food Crisis?
(Global and Mail)
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