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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: John Hunt who wrote (7561)	9/16/2000 5:12:09 PM
From: bill	Read Replies (1) of 24939

Explanation This isn't too anyone in particular but just a general question to the thread. Awhile back I bought some Gou.pr.a. I didn't buy for capital gains but, of course, would be happy to have them. I bought because the stock was paying a very high dividend. It is currently paying 30 cents a year which yields something over eight percent and with a tax break, this is over nine percent. The volume is usually low but on friday it traded 800,000 shares. the price went up 7 cents. are we looking at short covering? or is this bullish signal for GOU? given the high dividend rate are there some particular risks with these preferreds?

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