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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tommaso who wrote (97151)	2/24/2008 12:11:36 AM
From: Fugitive Pauper	Read Replies (1) of 206250

>>Everything you say sounds like a good argument to get into PWE.<< One day, yes. PWE has a lot of potential, and in the long term, reducing distributions to fund development of their assets will create much more value than handing out 14+% distributions. But a lot of people are holding the units for that juicy distribution and when it gets cut there will be a lot of churn and turmoil, and I would just as soon wait that out. It's possible that all this is already priced into the units -- PWE really shouldn't be yielding 14%. But every time I have thought that about a Canroy that cuts its distribution I have been wrong. I think a lot of people who own these things are not very sophisticated about such matters; their analysis does not extend beyond "high yield = good, lower yield = bad". I will buy back my PWE when these people are willing to sell it to me at a nice discount. And if I am wrong and that doesn't happen, then I am very happy with the LINE, CEP, and BBEP that I rotated into.

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