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

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To: a.handbag. who wrote (5887)	5/15/2003 11:41:46 AM
From: Goldberry	Read Replies (2) of 11633

Has anyone got a fix on what the rise in value of the Canadian dollar vis a vis the O & G trusts will do. If the commodity is priced in U.S and the value of this in Can dollar terms has shrunk by about 15% this past quarter can we expect to see earnings shrink likewise. I would think almost all costs are in Canadian while income is in U.S. terms On another front DBRS has started to rate the trusts and they have started with power generation and pipelines. Article in todays Globe and Mail for those interested. Ratings are quite positive. I keep adding to Pembina pif.un and Inter Pipeline ipl.un the latter pays over 11%. Both have DRIP plans giving a 5% reduction in price. Not an income trust but did anyone notice the haircut Ivaco prefereds took. One that I used to own iva.pr.i dropped from $21. to $10.75. More bad news looks to be coming out from Sun Gro its coming under major pressure. If it effects some of the other good business trusts it might create some buying opportunities.

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