Daylight Resources Trust
Daylight Resources Trust is a high-quality intermediate natural gas and oil royalty trust with operations focused in the Western Canadian Sedimentary Basin, one of the world's most significant hydrocarbon producing regions. Daylight creates long-term value for its Unitholders through the exploitation of a multi-year inventory of low risk natural gas and oil drilling targets. Daylight is headquartered in Calgary, Alberta, Canada.
Energy trusts are generally structured with a significant ratio of equity consisting of trust units owned by investors, the “unitholders.” This equity is almost always complemented by a substantial portion of conventional bank debt. Bank debt is used to increase or “lever” the returns generated for unitholders because its costs under prevailing interest rates are significantly lower than the returns available from oil and natural gas operations. A newly formed trust’s capital structure is often rounded out with a certain proportion of convertible debentures, a hybrid form of capital that is issued as interest-bearing debt but is convertible into trust units over time.
Contact Details
Executives
Chairman
Frederick N. (Fred) Woods
President, CEO, and Director
Anthony M. Lambert
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