SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stan_hughes who wrote (1623)10/13/2001 10:42:23 AM
From: Lorne Larson  Read Replies (1) of 11633
 
stan: Interesting post re PWI. I'm very dubious of the analysts when it comes to CDN royalty trusts. These guys were way behind the curve on these things in 1999 and 2000. I recall many articles warning people that these things were "dangerous" and "to be avoided by serious investors", at the same time that they were pumping Nortel and JDSU at P/E's of over 200. I put ALL of my money - both in my RRSP and my margin account - in these things starting in 98, and made a bundle exactly when the market was tanking, as I am sure many others who post on this site did.

At one point a few years ago I called the CFO of Shiningbank because I couldn't figure out why it was trading at such a discount to other oil and gas trusts. The financials looked very impressive to me. He indicated his complete disgust at the analysts and stated most of them were 24 years old and didn't have a clue what they were talking about when it came to royalty trusts. He stated there was absolutely no reason for SHN to be trading as low as it was, except the analysts had decided for their own reasons that this was not one of the darlings. Unfortunately I believed the analysts and not him. Shortly thereafter SHN took off on its way to over $18.00.

Bottom line is I now pay absolutely no attention to the analysts. I find them not only of no use, but actually a detriment, in making decisions on the oil and gas trusts. I've been short on the oil and gas trusts for the last 3 months. Started to cover a bit, but like some others, think there will be one more big dip, at which point I will start buying.

Regards
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News