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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Peter W. Panchyshyn who wrote (1369)9/9/2001 8:59:57 PM
From: Lorne Larson  Read Replies (2) of 11633
 
Man, this is way too easy. Go to the linked site. On the left-hand side click on "TRADING". Scroll down until you
come to a map of Alberta and Sask with the word "Empress". Read the line that says: "Priced in Canadian dollars
per gigajoule".

Do you remotely understand that the Canadian trusts sell their NG in Canada at Canadian dollars? When you read
a financial statement for a trust or a press release referring to NG prices, what currency are they using?

You are possibly confused by the fact that NG in Canada still sells at a discount to U.S. prices. I see for example
that on MRCI NG futures are shown at $2.435 (U.S.). This should translate into about CDN $3.77. However at Empress in Alberta they're getting substantially less than that.
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