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Gold/Mining/Energy : transcanada pipelines (TRP) -- Ignore unavailable to you. Want to Upgrade?

To: Slumdog who wrote (244)	12/16/1999 9:50:00 PM
From: LAURIE SELINE	Respond to of 292

If you're a long term player, take a serious look at what the ESSO guy is doing. Fundamentally, TCP/NOVA owned a lot of turkeys that paid great for those employees who planned to retire modestly well-to-do. By selling off these turkeys, I suspect that he is taking TCPL towards "transporter and provider" of "energy". When it hits the end-user, I don't think it's going to be regulated. Anyway, what do I know? I'm sitting on paper formerly worth in excess of 17 beans. Good luck, L.

To: Slumdog who wrote (244)	12/17/1999 1:20:00 AM
From: bill	Respond to of 292

I agree that the dividend cut will bring the dividend under the profit line and leave a good surplus of cash to pay off debt and finance their activities. Fortunately I was in the position to buy more, although I paid 12.10. Timing is everything. Certainly helps bring my average price down. And yes, if they purchased with debt, then when they sell it is just a transfer of debt. However, the articles I read expressed a concern that the sale price would not match the buy price with the result that sales would hurt TRP's bottom line. Fire sale prices just to unload properties. The article about the Australian sale made it seem that was not the case. They aren't giving away the shop.