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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: russet who wrote (3056)3/27/2002 8:19:21 PM
From: Lorne Larson  Read Replies (1) of 11633
 
Agree on PVE. I own a chunk of this and will be buying more now. They say they're paying about $18,000 per daily boe production. It's difficult to compare prices paid for acquisitions because the quality of the asset can vary. However it would seem that this is a pretty good price compared to what trusts were paying 6-9 months ago when every trust felt they had to buy something. I think their Richland acquisition in January was also a good one. This trust was orginally weighted towards heavy oil. Their recent acquisitions give them a much better balance.
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