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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: russet who wrote (491)	9/7/2000 10:06:58 PM
From: Lorne Larson	Read Replies (1) of 11633

I figure PWI is easily the best buy amongst the oil and gas royalty trusts right now by almost any ratio you want to use (excluding MXT which is non-dividend paying). This was the case before the new share issuance was announced, and the regression of the share price to the announced share issuance price makes it even a better buy. If oil prices stay firm, I'm predicting $9.50 in 30 days. Interesting to note that CIBC, the underwriter on the new share issuance at $8.35, was the house doing by far the most selling during the 2 days before the announcement at an average price of $8.71. I'm sure this was a complete coincidence.

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