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

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To: David Alon who wrote (3086)	3/31/2002 9:36:18 AM
From: Lorne Larson	Read Replies (1) of 11633

Big article in the Saturday Globe and Mail on how a "looming change in disclosure rules" will force a number of oil and gas companies to downgrade their estimations of reserves. Both Paramount and Rio Alto were hit hard because of these new guidelines. I'm wondering if the oil and gas trusts might also get slammed because of this. As we all know the the reserve life index is a number that a lot of analysts look at very closely when it comes to the trusts. Anyone aware as to whether the trusts have traditionally taken a more conservative approach in this regard? Anyone wanting an historical lesson on the impact of a major restating of reserves on the price of an oil and gas trust might want to go back and look at Maximum (now Ultima).

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