Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Taikun who wrote (58564)	1/9/2005 3:10:18 AM
From: energyplay	Read Replies (1) of 74559

Doesn't ERF have some Canadian only shares ? Or, could be some one buying the lower priced Canadian only shares of OTHER energy trusts (which have high distributions), then naked selling ERF which has a lower distribution, making this a carry trade. ERF 9.81% PMT 14.4% AE 13.8% AVN 14.0% That's a nice deal - clear 4%. 4% on very little invested... Most likely they scaled the trade so that they clear 3 %, and kept about 9% of the short sale proceedes for some other activity...like paying big fees to their broker, or paying their lawyers, or their own salaries...

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