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Politics : Ask Michael Burke

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To: Tommaso who wrote (73110)	1/9/2000 1:01:00 PM
From: re3	of 132070

tomasso, i don't play these puppies either...i feel they are created for managements benefit... i never understood the difference between buying an oil trust and an oil stock...if oil is going up, the stock will do well and you have capital gain advantages vs income...if oil goes down, both types suffer... a lot of people in canada got burned big on these things...people who refuse to buy stocks buy income trusts, i believe, due a feeling of 'entitlement' or 'need' for a big yield...imo it never pays to reach for yield, as there usually is a catch... look up the luscar coal trust on the toronto exchange... (or rather look down !) if you like energy, why not buy xle on the amex (the oil and oil services sub index) ? or some cheaper canadian oil plays ? ike

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