Trilogy #1 Trilogy #1 Star for 2011 in Globe & Mail
https://www.theglobeandmail.com/globe-investor/investment-ideas/features/stars-and-dogs/the-stars-and-dogs-of-2011/article2287663/
Trilogy Energy
From the ashes of the income trust industry, a star rises. Trilogy Energy was one of a couple hundred trusts in the Canadian marketplace forced to convert to a traditional corporate structure by controversial federal government tax legislation. The result for Trilogy was a substantial drop in its payouts to shareholders (current dividends are 65-per-cent lower than the company paid in trust distributions as recently as mid-2008) and – at least when the tax changes were first announced – a deep decline in its share price. But the change also turned Trilogy from an income generator into a growth story that caught fire with investors this year. Formerly focused on natural gas, the company struck much more profitable oil in a big way in its Montney play. It’s ramping up development, and its production is expected to jump 33 per cent next year. That story has helped make Trilogy the biggest gainer on the S&P/TSX composite index this year.
David Parkinson
Trilogy Energy (37.57-0.08-0.21%) (up $25.21 or 204% over year)