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 (92777)	7/26/2001 9:40:54 AM
From: Frank Pembleton	Read Replies (2) of 95453

Kastel, be careful with these trusts! NCE is approximately 40% weighted towards natural gas, and very little of it is hedged. PrimeWest - pretty much the same story, although they do use hedging on half the production. These trust are essentially dependant on oil for their dividend pay-outs, so you are relying on OPEC -- yet again! We are in an oversupply situation, more downside then up! FYI, I hold no O&G, I'm 60% weighted in precious metals and 40% cash. Regards Frank P.

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