I have a similar approach, H. Just got money to my broker, and now I have to decide - do I:

A. Buy juniors

B. Buy producers

C. Buy oil trusts with high yields for income.

I think I will do C - as long as they continue to pay out, and my broker does not go bust, this will be a great way to buy more juniors in the future, every month.

I never thought oil trusts would get this cheap. Time to load up.

Yamana is a great buy at these levels. You could pretty much throw darts and choose on that basis, as long as you have a short list of quality companies being tossed out on the street today.