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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: TobagoJack who wrote (7760)10/2/2004 3:53:34 AM
From: Taikun  Read Replies (2) of 11633
 
True, and I've read about hedges expiring over the last 6 mos and new ones put in place higher prices, higher by 10-30%. I know trusts only hedge a portion of production, and even if it is 70%, the avg 70% payout on the remaining 30%, which is sold at spot and is up at least 1.5x, should at least be worth a 10% raise.

Remember, the management of some of these CRTs are patting themselves on the back and issuing bonuses.

Then there are the largely unhedged trusts like VKR, but I suppose they can be excused due to their short RLI, but aren't there other trusts with short hedges as well.

Perhaps to sustain themselves all the trusts will eventually go the PEY/ZAR sustainable route-but in the meantime they've hooked us with the high yield and raised a lot of cash.

Frontline's Fredriksen knows that.
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