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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Lorne Larson who wrote (1362)	9/9/2001 5:50:22 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

Empress NG prices for the 1st 8 days of September averaging $2.15 Cdn ------------ ?????????? I continually follow the prices for natural gas. Both from Bloomberg and CNNFN. And an average of $2.15 Cdn just doesnt jive with the facts as I've seen them. Friday's close for natural gas on Bloombergs site was $2.50 US. It had fallen intraday recently into the US $2.20's area but not lower. Just where exactly did you get your numbers from ?????????????????? ------------ The big question is whether NG prices will recover by the time the hedges start coming off. ----------- The biggest thing I see and everyone should keep in mind is. Can the trusts make money selling natural gas at current prices????. Look to the historical prices for natural gas and you will see that prices are still high, or the very least in line in a historical perspective. Many of the older trusts made good money when the prices were lower years back and they continue to make good money. They just haven't made the excesses we have recenlty recalled. Is that something to be nervous about? HARDLY!!!!!!!!!!!!.

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