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

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To: Marc Fortier who wrote (2868)3/15/2002 11:13:40 PM
From: Cogito Ergo Sum  Read Replies (1) of 11633
 
Hi Marc,
I sold my PWI back near the lows. Mainly for their lack of clarity and bad response with regard to their Enron exposure per their hedging.
I recently re-bought Message 17197728.
Because it is liquid, well hedged, and attractively priced at these levels. The stink of Enron appears behind them.

Shame on me however for not checking their current hedging and assuming it had not changed in the last couple of months.http://www.primewestenergy.com/pdfs/q_reports/Q3%202001.pdf. They have (as usual) quite a web of hedging see page 2 of link. Unless we get another bubble I don't think their hedging is a negative. Anyway the details are all their to wade through, as always do your own DD, it's your nickle.

As an aside in the totally unclear world of energy prices here is one take. eia.doe.gov

regards
Kastel
a cute and cuddly Canadian
disclosure: I also own a good whack of AVN.UN (A bit toppy here methinks) and a little COS.UN

EDIT Congratulations DAK for buying that big whack of PWI at the lows. Let's hope those MNP lottery tickets pay off :o)
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