I have to keep reminding myself of that fact because I have never watched production (I mean extraction) as closely before. But things just feel so 'peakish' of late. Over the next couple of weeks I'm going to try and find a Canadian Energy Trust with a good reserve life index:)

I own Enerplus Resources Fund (ERF). Any recommendations for other CanRoys?

Great investment.

Wow!.. that's the one that currently has my fancy. I don't have the data with me but I seem to recall that ERF has a > 13 year RLI?

Peyto has 23 years of proven reserves, 40 years if you include possible. But yes, Enerplus is my second choice, COS being the third.

My favorites are Canadian Oil Sands (COSWF.PK), Enerplus (ERF), and Penn West (PWE), in that order of preference.

I would be careful about piling into energy at this stage.
IMHO we are close to the end of a very big bubble which when it pops will take down ALL asset markets including energy. Energy may well recover but you may have a wild ride.