Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Cogito Ergo Sum who wrote (89000)	3/21/2001 1:43:54 PM
From: tommycanuck	Read Replies (1) of 95453

The trusts in Canada are currently paying huge returns on a monthly basis. The big question is how long can they keep up the production basis to produce the returns. The price received for the commodity will obviously trend up and down but the part of the business that makes everything work is the ability of the trust to produce oil and gas. To that end I think that ARC, Enerplus, Enermark and Primewest are the best bets in the Canadian Royalty Trust sector. The reasons are the long reserve life reported, the areas that they operate in and the greater % assets in NG. TRUST RESERVE LIFE % NG CASH YIELD ARC AET.un 13.7yrs 31% 19% ENERMARK EIF.un 13.4yrs 41% 21% ENERPLUS ERFg 17.5yrs 41% 20% PRIMEWEST PWI.un 9.1yrs 50% 26% El Paso recently purchased (or the majority of) the manager of the Enerplus and Enermark family of trusts. I believe that will bring a certain amount of organization and operational expertise. Primewest is active in areas where there is significant further gas potential from redevelopment of existing assets.I believe that the reserves will increase significantly on the go forward. FWIW Regards, TC

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