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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: a.handbag. who wrote (7008)5/13/2004 3:49:49 AM
From: energyplay  Read Replies (3) of 11633
 
You're right, the big picture is NG has gone from about $4.00 USD to $6.30 USD in the past year - over 50%, and still climbing. USD/CAD range is about 10%.

With the fixed operating costs around 2.00 - 3.00, there's lots of leverage here.

Looking back, it will be obvious that the way to win is to -

1) Buy a diverse assortment of royalty trusts, preferably at favorable prices.

2) Hold on and don't sell , at least until you qualify for long term capital gains.

3) Possibly re invest distributions in more royalty trusts until prices become too high.

4) Hold on until price goes towards the absurd side...think dot com !
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