10:15 AM EST - Builders Energy Services Trust : is cutting its October distribution by 50 per cent, blaming a dismal outlook for the oilfield services industry and concerns over a recommendation that the Alberta government should increase royalty rates. The Calgary-based trust said late Wednesday it was cutting its distribution to six cents from 12 cents in September. Builders Energy Services Trust
shares T.BET.UN are trading down 17 cents at $5.03.
