Energy Stocks

[ion_avenger]

I like this new room! - Has anyone here heard about Harvest Energy Trust NYSE:HTE ?

[greg-cws]

From their website- www.harvestenergy.ca (http://www.harvestenergy.ca/)

"Harvest Energy is one of Canada's largest energy trusts offering exposure to upstream oil and natural gas production and downstream refining and marketing operations. We are focused on identifying opportunities to create and deliver value to unit-holders through monthly distributions and unit price appreciation. With an active acquisition program and the technical approach taken to maximizing our assets, we strive to grow cash flow per unit. Our crude oil and natural gas production business is weighted approximately 70% to crude oil and liquids and 30% to natural gas, and is complemented by our medium gravity, sour crude oil refinery."

I have a lot of confidence in this outfit, I think they'll do great things. I've been to their office in Calgary and met the team. World-class operation.

In today's economy, one would be wise to invest in a high-dividend stock with good fundamentals like this one.

How did you hear about them ?

[plumberbob]

is there any other water/environment/energy companys that you guys think will bounce back when the economy comes back around?

[ion_avenger]

Dude, I bought HTE on the 29th, and I'm up 10% as of today!-You just made me a grand!!!!!!!
:D

From their website- www.harvestenergy.ca (http://www.harvestenergy.ca/)

"Harvest Energy is one of Canada's largest energy trusts offering exposure to upstream oil and natural gas production and downstream refining and marketing operations. We are focused on identifying opportunities to create and deliver value to unit-holders through monthly distributions and unit price appreciation. With an active acquisition program and the technical approach taken to maximizing our assets, we strive to grow cash flow per unit. Our crude oil and natural gas production business is weighted approximately 70% to crude oil and liquids and 30% to natural gas, and is complemented by our medium gravity, sour crude oil refinery."

I have a lot of confidence in this outfit, I think they'll do great things. I've been to their office in Calgary and met the team. World-class operation.

In today's economy, one would be wise to invest in a high-dividend stock with good fundamentals like this one.

How did you hear about them ?

[greg-cws]

Nice !

I really like HTE, I see then getting back into the $20's before too much longer. Their generous dividends don't hurt either.

[greg-cws]

is there any other water/environment/energy companys that you guys think will bounce back when the economy comes back around?

Hi Bob

Welcome to the group!

Here are some water/energy shares that I'm optimistic about over the next 12 months:

CCC Calgon Carbon Corp
CWCO Consolidated Water Company
DOW Dow Chemical Company
FLS FlowServ Corp
GE General Electric
HTE Harvest Energy Trust
GEX Global Market Vectors - Alternative Energy
MLI Mueller Industries
NLC Nalco Holding Group
PH Parker Hannifin
PHO Powershares - Global Water
PLL Pall Corp
PNR Pentair Inc
PVX Provident Energy Trust
TTEK TetraTek
WTS Watts Water Tech
YORKW York Water


Remember, I am not a stock broker and I am not giving investment advice - Invest at your own risk !

[greg-cws]

HARVEST ENERGY TRUST
TSX: HTE.UN

NYSE: HTE



Corporate Highlights:

- Cash from Operating Activities was $221.7 million ($1.40 per Trust Unit) representing a 73% increase over the $128.1 million in the same quarter last year;

- Distributions declared as a percentage of Cash from Operating Activities were 47% in the first quarter representing a strong improvement over the 106% witnessed in the first quarter 2008;

- Bank debt at quarter end was relatively flat at $1.23 billion compared to $1.23 billion in the previous quarter and $1.33 billion in the same period last year;

- Subsequent to the end of the quarter, declared the C$0.05 per unit monthly distribution for April and May 2009.

Upstream Highlights:

- Upstream production of 54,115 barrels of oil equivalent per day (boe/d) was down marginally compared to the fourth quarter 2008 production of 55,177 boe/d and reflected normal decline rates offset by better than expected performance from a number of our Enhanced Recovery projects and drilling programs;

- Upstream operating cash flow of $71.3 million is down from the $108.9 million in the fourth quarter of 2008 largely due to continued weakness in commodity prices;

- Capital investments of $108.7 million in our western Canadian upstream business, with a focus on our winter access only Hay River property, contributed to our production volumes and resulted in the drilling of 82 gross (62.1 net) wells with a 100% success rate;

- Operating cost declined to $15.47/boe in the first quarter 2009 compared to $16.19/boe in the previous quarter, which reflects some of our cost reduction initiatives and lower costs for purchase power in Alberta.

Downstream Highlights:

- Strong operating performance with average refinery throughput of 104,296 bbls/d compared to 102,500 bbls/d in the previous quarter and 111,999 bbls/d in the same quarter last year;

- Record cash flow of $142.0 million from our downstream business represents a 480% increase from the same period last year as the contribution from our refining and marketing business exceeded expectations and represented 67% of Harvest's operating cash flow during the quarter.

- North Atlantic's gross margin strengthened substantially during the quarter to US$15.18/bbl, compared to US$8.90/boe in the same period last year as we realized stronger discounts on the price of our feedstocks coupled with strong gasoline and heavy fuel oil margins, partially offset by weaker distillate margins;

- Invested $6.9 million in capital improvement projects at the refinery.


Message to Unitholders

First quarter 2009 highlighted the benefit of having a diversified and integrated business model. While contributions from the upstream business continue to be affected by the significant decline in commodity prices, our downstream refining business reported record results. Cash from Operating Activities of $221.7 million ($1.40 per unit), represents a 21% increase over the previous quarter and a 73% increase over the same period last year. This strong cash contribution contributed to a low payout ratio (distributions declared divided by cash from operating activities) of 47%.

Upstream

The first quarter of 2009 was a challenging period for upstream western Canadian operations due to reduced commodity prices. Cash flow declined to $71.3 million, compared to $230.8 in the same period last year. However we are pleased with the operating results. Production volumes were above our expectations as we continued to benefit from our enhanced oil recovery projects as well as new drilling activities. In light of the lower commodity prices, we have introduced a number of initiatives to reduce costs which we are starting to see the benefits from and we should see continued improvements in future quarters.

Spending in the quarter amounted to $108.7 million, a 37% increase compared to the same period last year. Harvest concentrated its efforts in the Hay River area of northeast British Columbia with approximately 60% of our total first quarter capital dedicated to this winter only access area. At Hay River, we drilled 43 wells - 20 multi-leg horizontal producers, 18 horizontal injection wells, 4 water source wells and 1 stratigraphic test well. Production volumes in the area have now increased to approximately 7,000 boe/d. We have also identified an extension of this Bluesky oil pool through a stratigraphic test well, which should prove to expand our original oil in place and inventory of drillable locations.

We have also seen the results of successful new drilling in other areas. In the Chedderville area of west central Alberta, we followed up a successful well drilled in late 2007 and produced through 2008 at over 700 boe/d, with 3 additional wells that were tied-in late 2008, and 3 new drilling locations in Q1. This has been an extremely successful growth area for Harvest with current production of approximately 2,000 boe/d from the original 4 wells.

We continue to focus on our Enhanced Oil Recovery projects and are pleased with results to date. Improving pressure support in our large fields will help to reduce decline rates, enhance recovery and extend field life.

We are pleased with our drilling and production progress so far this year and we continue to anticipate average production of 50,000 boe/d in 2009. Harvest Energy continues to be positioned with short term growth opportunities coupled with long-term enhanced recovery prospects with over 2 billion barrels of estimated original oil in place on conventional land. Future EOR opportunities that could be implemented as early as 2009 have been identified in Hayter, Hay River, Kindersley and southeast Saskatchewan, while carbon dioxide (CO2)flooding and sequestration, oilsands and coal bed methane (CBM) opportunities represent longer term recovery opportunities for Harvest.

Downstream

Harvest Energy's refining and marketing business in Newfoundland and Labrador reported record results as stronger refining margins and lower purchased energy costs more than offset a decline in refinery throughput due to end of run activity of the hydrocracker, distillate hydrotreater, and platformer catalysts. Cash from downstream operations of $142.0 million increased 480% from the same period last year as refining margins averaged US$15.18/bbl or a US$6.28/bbl increase over the same period last year. These downstream results represent the strongest overall performance in the history of the North Atlantic refinery.

We continue to benefit in the quarter from a refined product mix more heavily weighted toward distillate products (ultra low sulphur diesel and jet fuel) than most North American refiners who experienced relatively weaker margins on refined gasoline products. Output in the quarter of 104,296 bbls/d was weighted 38% to distillates (ultra low sulphur diesel and jet fuel), 36% to gasoline and related products and 26% to heavy fuel oil. The distillate yield will be restored to approximately 45% in the second half of 2009 due to the replacement of the hydrocracker catalyst.

During the second quarter, we have completed a turnaround and catalyst replacement of the hydrocracker, replacement of the distillate hydrotreater catalyst, regeneration of the platformer catalyst, and refurbishment of several other process and utility units at a planned cost of $45 million. Additionally, we have invested $22 million in capital projects that further enhance the reliability and profitability of the refinery, including the expansion of the hydrocracker capacity by approximately 1,000 bbls/d. This was strategically timed to take advantage of a window of weak refining margins and as operations at the refinery start back up, we are seeing a trend of improving margins. Even though we do not anticipate the first quarter of 2009 to be reflective of Harvest's refining margins for the remainder of the year, 2009 looks to be a strong year in our refining business.


Harvest is a significant operator in Canada's energy industry offering unitholders exposure to an integrated structure with upstream and downstream segments. We focus on identifying opportunities to create and deliver value to Unitholders through monthly distributions and unit price appreciation. Given our size, liquidity and integrated structure, Harvest is well positioned to complement our internal portfolio with value-added acquisitions that help drive our Sustainable Growth strategy. Our upstream oil and gas production is weighted approximately 71% to crude oil and liquids and 29% to natural gas, and is complemented by our long-life refining and marketing business. Harvest trust units are traded on the Toronto Stock Exchange ("TSX") under the symbol "HTE.UN" and on the New York Stock Exchange ("NYSE") under the symbol "HTE".

CONTACT INFORMATION:
Harvest Energy
John Zahary
President & CEO
(403) 265-1178 or Toll Free Investor Mailbox: 1-866-666-1178

or

Harvest Energy
Robert Fotheringham
Chief Financial Officer
(403) 265-1178 or Toll Free Investor Mailbox: 1-866-666-1178

or

Harvest Energy
Jason Crumley
Manager, Investor Relations
(403) 265-1178 or Toll Free Investor Mailbox: 1-866-666-1178

or

Harvest Energy
Corporate Head Office:
2100, 330 - 5th Avenue S.W.
Calgary, AB Canada T2P 0L4
Email: information@harvestenergy.ca
Website: www.harvestenergy.ca

INDUSTRY: Energy and Utilities - Oil and Gas

[ion_avenger]

Up 20! now.....................

What do you think of wind energy companies;who is best to invest in?

[ion_avenger]

HARVEST EXTENDS OFFER FOR PEGASUS OIL & GAS INC.

Calgary, Alberta – July 30, 2009 (TSX: HTE.UN; NYSE: HTE) – Harvest Energy Trust (“Harvest”), through its indirect wholly owned subsidiary, Harvest Pegasus Inc. (the “HPI”), announced today that it has extended its offer (the “Pegasus Class A Shares Offer”) to acquire all of the issued and outstanding class A shares (the
“Pegasus Class A Shares”) of Pegasus Oil & Gas Inc. (“Pegasus”) and its offer (the “Pegasus Class B Shares Offer”) together with the Pegasus Class A Share Offer, (the “Offer”) to acquire all of the issued and outstanding class B shares (the “Pegasus Class B Shares”) together with the Pegasus Class A Shares, (the
“Pegasus Shares”) of Pegasus pursuant to its offer to purchase dated June 23, 2009 and the accompanying takeover bid circular, as extended by a notice of variation dated July 31, 2009. The Offer had a prior expiry time of 5:00 p.m. (Calgary time) on July 30, 2009. As of 5:00 p.m. (Calgary time) on July 30, 2009, approximately 89% of the outstanding Pegasus Class A Shares and 85% of the outstanding Pegasus Class B Shares had been deposited to the Offer. As a result, the minimum condition to the Offer that there be deposited and not withdrawn at least 90% of the outstanding Pegasus Class A Shares (on a diluted basis) and at least 90% of the Pegasus Class B Shares has not been satisfied or waived by
the HPI. HPI has therefore extended the time in which Pegasus shareholders may deposit their Pegasus Shares under the Offer to 5:00 p.m. (Calgary time) on August 11, 2009. Pegasus shareholders who have already deposited their Pegasus Shares to the Offer do not need to take any further action to accept the Offer. Shareholders who have not yet deposited their Pegasus Shares in acceptance of the Offer may tender such shares to the Offer at any time prior to 5:00 p.m. (Calgary time) on August 11, 2009.

Pegasus has retained Georgeson Shareholder Communications Canada, Inc. as information agent for the Offer.

Any questions or requests for assistance or further information on how to tender Pegasus Shares to the Offer may be directed to the information agent at 1-866-717-8279 or Pegasus at 1-403-521-5282.

Harvest is a significant operator in Canada’s energy industry offering unitholders exposure to an integrated structure with upstream (exploration, development & production of crude oil and natural gas) and downstream (refining & marketing of distillate, gasoline and fuel oil) segments. We focus on identifying opportunities to
create and deliver value to unitholders through monthly distributions and unit price appreciation. Our upstream oil and gas production is weighted approximately 70% to crude oil and liquids and 30% to natural gas, and is complemented by our long-life refining and marketing business. Harvest trust units are traded on the
Toronto Stock Exchange ("TSX") under the symbol "HTE.UN" and on the New York Stock Exchange ("NYSE") under the symbol "HTE".

Investor & Media Contacts:
John Zahary, President & CEO
Robert Fotheringham, Chief Financial Officer
Rob Morgan, Chief Operating Officer
Jason Crumley, Manager, Investor Relations
Corporate Head Office:
Harvest Energy Trust
2100, 330 – 5th Avenue S.W.
Calgary, AB Canada T2P 0L4
Phone: (403) 265-1178
Toll Free Investor Mailbox: (866) 666-1178
Email: information@harvestenergy.ca
Website: www.harvestenergy.ca

[ion_avenger]

I sold my HTE shares - My total gain was 140%!!!!!

Any insight on PVX?

[jimmyhuaarng]

The plan is awesome but I have some others things in my mind that is about the costing management ..... may be it will be too much costly for the developing countries to implement this idea