NCE Petrofund 35 % weighted to natural gas according to this..
stockhouse.ca
According to news release from NCF.UN as of Dec 4 /2000 they are weighted to natural gas at 44 percent...here...
""""NCE PETROFUND CORP - PACIFIC CASSIAR LTD - NCE Petrofund
Closes Acquisition of Pacific Cassiar Limited [15]
Canadian Market News from Market News Publishing, Monday, December 04,
2000 at 04:01
NCE Petrofund Corp. ("Petrofund") is pleased to announce that the
Pacific Cassiar shareholders have approved the amalgamation of Pacific
Cassiar Limited with a wholly owned subsidiary of Petrofund.
Effective date
The transaction has now closed and the amalgamation is effective
today, December 1, 2000. Current shareholders of Pacific Cassiar
will be eligible to exchange their shares for $6.05 in cash.
Positive acquisition
This is a very positive acquisition for Petrofund given the
current strong gas prices. It improves Petrofund's natural gas
production weighting to 44%..........""""
That would put NCE Petrofund third on above list for weighted percentage to natural gas production behind SHN.UN and AY.UN .
NCE Petrofund also trades on American exchange under NCN.
Latest news release ...NCE paying 14 cents Feb 28 record of Feb 14
"NCE PETROFUND - Monthly Distribution For February Of 14 Cents
(CDN$0.14) Per Unit [3]
Canadian Market News from Market News Publishing, Monday, February 05,
2001 at 04:00
NCE Petrofund Management Corp. is pleased to announce that the February
distribution for NCE Petrofund is 14 cents (CDN$0.14) per unit, which
consists of seven cents (CDN$0.07) regular monthly distribution and an
additional distribution of seven cents (CDN$0.07) per unit.
Increased distributions
Since April 1999, NCE Petrofund's monthly distributions have increased
367% from three cents (CDN$0.03) per unit to 14 cents (CDN$0.14) per unit.
The 12-month trailing distributions (February 2001 inclusive) are CDN$1.42
per unit, which represents a yield of 22.26% based on the February 1, 2001
unit price of CDN$6.38.
Payable date
The distribution is payable on February 28, 2001 to holders of record
on February 14, 2001.
Price on TSE/AMEX
The price for NCE Petrofund on The Toronto Stock Exchange at the close
of the market on February 1, 2001 was CDN$6.38 per unit. The price for NCE
Petrofund on the American Stock Exchange on February 1, 2001 was US$4.30
per unit.
NCE Petrofund
NCE Petrofund is a trust that derives its income from producing oil and
gas properties and distributes a significant portion of the resulting cash
flow to unitholders.
Note for Investors
This news release may include statements about expected future events
and/or financial results that are forward-looking in nature and subject to
risks and uncertainties. For those statements, we claim the protection of
the safe harbor for forward-looking statements provisions contained in the
Private Securities Litigation Reform Act of 1995. The company cautions
that actual performance will be affected by a number of factors, many of
which are beyond its control. Future events and results may vary
substantially from what the company currently foresees. Discussion of the
various factors that may affect future results is contained in the
Company's recent filings with the Securities and Exchange Commission, the
Ontario Securities Commission and SEDAR.
NCE Resources Group
NCE Petrofund is a member of NCE Resources Group. NCE Resources Group
was formed in 1984 as an oil and gas investment management organization.
The company has invested or manages the investment of over CDN$1.2 billion
on behalf of approximately 60,000 investors. NCE employs approximately 170
people in the areas of engineering, land management, marketing, geology,
accounting, finance and investor services.
//st
The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
//et
TEL: (416) 364-9297 Investor Services (investor enquiries)
TOLL FREE: 1-888-739-4623
E-mail: info@nceresources.com
TEL: (416) 364-8788 Jim Wright (media enquiries)
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INET : www.nceresources.com |
