Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Braincramp who wrote (310)	5/1/2000 5:23:00 PM
From: Lorne Larson	Respond to of 11633

Braincramp. Thanks for the heads up on MXT.UN. Checked it out on the weekend, and it looks to me like most of the standard ratios on cash flow, production, reserves, etc are as good as, if not better than, a lot of other royalty trusts. Debt is still a little high, but they appear to be whacking this down in a big hurry. This trust got into trouble in 98-99 because of low oil prices, high debt, and having to restate their reserves downward. The recent high oil prices have obviously been a godsend. I'm guessing that they'll reinstate dividends very shortly - probably 5-6 cents per month, with an increase to 10 cents in 6 months if prices stay high. At a price of $2.50 per unit this would be a damn fine return. With the debt being substantially reduced I wonder if they might also be a take-over target. Anyone know where their assets are located, and whether any other trusts have assets nearby? On a Market Cap/BOE basis they're looking real cheap. RBC Dominion was a heavy buyer last week - bought 85900, sold 4743, for what it's worth. I'm in. Regards