Argent Energy Trust files updated IPO prospectus

Argent Energy Trust has filed an amended preliminary prospectus.  Its proposed structure for carrying on a US energy business is similar to Eagle Energy, except that it will  use a corporate structure (i.e., investing in a Canadian holding corporation which will hold a US Opco, as well as investing in notes of the US Opco) rather than a hybrid structure (i.e., holding units and interest-bearing notes of a Canadian sub trust that is a corporation for US tax purpose which, in turn, holds a Delaware LP that is disregarded for US tax purposes).

Scott Armstrong.  See summary of IPO of Argent Energy Trust.