Regarding HTE. In the medium-term HTE should be a great investment. I just averaged into over 3K of HTE shares myself. Many factors make it a VG medium term investment in my view including:1) monthly distributions (better than quarterly), 2) high effective yield, 3) oil prices likely to rise, thus share price likely to rise, 4) US dollar likely to decline vs. Can. dollar thus effectively increasing value of yield, etc. However there are also some potential risks including: 1) Tax laws in Canada are scheduled to change on these CanRoys in about 2011 making them less attractive (thus one has to consider getting out of HET within a few years..there are many articles on this on the web…although HET claims to have build up tax stategy that may protect it for a few more years after 2011), 2)CanRoys may be brought out by operating oil companies before the tax changes, thus eliminating the distributions..but may also result in decent capital gain on shares if this happens, 3) HET has only “confirmed” current distribution rate through Feb/09…thus it may reduce distributions after this…but my view this is not that likely if oil prices recover at all which is a pretty good bet in my opinion.

In short, there are some pretty good reasons why HET is a pretty fair bet in the medium term, but there are also some real risks in the longer term. Thus in my view this is probably not a great LD hold and will require some close monitering and probably an exit within a few years. Nevertheless it probably is a pretty good buy at this time.

Just my thoughts and why I am willing to invest in it, at least for a year or two anyway.