Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (5219)	12/12/2001 12:23:03 PM
From: Frank Pembleton	Read Replies (1) of 36161

Russ, if you're talking about energy trusts ... I don't like them at all. I'm not the type to invest in tax shelters, especially a shelter that depletes it's reserves in return for a dividend. And as you might expect, because you invest for the dividend you might just get it in your head to buy and hold and that's what we don't do in the patch. Other than that it's a legal money laundering scheme -- but that's my opinion. As for "long-lifers" Canadian Oilsands Trust is the only one I can think of and it's a large part of the Syncrude project which is expanding it's mining operations along with it's partners, so having said that -- it's the only energy trust that doesn't deplete it's reserves. BTW; other than Suncor (90% oilsand), it's the only pureplay in the tarsands business. syncrude.com ...and for valuation wise? long, long, l-o-n-g term they're great -- but short term -- if we fall to $12 oil you'll be killed ... these guys have been spending a fortune expanding their operations. Regards Frank P.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next