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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: russet who wrote (537)9/18/2000 11:54:48 PM
From: Mayer Tchelebon  Read Replies (1) of 11633
 
Easy. PWI is selling 4.2 million units to a group of underwriters, who must pay PWI for the units by Sept. 28. Meanwhile, the underwriters must sell them before then, either to their clients or in the open market. Until this inventory is gone I don't expect much of a move in the price of the units, no matter what the price of oil and gas do. The same is happening with NAE.UN, ERF.G and now probably AET.UN. Perhaps this is an opportunity to accumulate more of these while the price is held back by this new supply.
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