Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (49338)	5/3/2004 1:59:04 AM
From: Taikun	Read Replies (1) of 74559

Well, given the fact that these trusts are required to make their foreign ownership caps come Jan 1 2007, and that several are over the 50% cap in foreign ownership, if it comes down to the wire, I would expect these trusts to take care of their domestic shareholders (ie Canadian holders)at the expense of foreign owners. I only own the Toronto Stock Exchange (TSE) units, as I see the foreign units to be somewhat 'expendable' or at risk. It will be far easier for these trusts to 'laser out' the NYSE-traded units than to research who owns the TSE units. I can only assume that the options on ERF finance.yahoo.com are on the NYSE units and cannot be exercised for TSE units. Type in ERF_u.TO and there are no options (on Yahoo Finance) finance.yahoo.com This seems like the NYSE-traded ADRs for Indian stocks which trade at a high (10%+) premium to the same security traded in India (which are not accessible to investors outside India) and cannot be exchanged. If there were options on the Canadian units, those would be safer. How can one find out?

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