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

To: Scott Mc who wrote (445)	7/23/2000 4:24:32 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

For what it's worth I checked out the payout by MXT in 1997 when the price of oil varied between about $17 and $25. The total payout that year was $1.10, which would translate to about .09 cents a month. (as a matter of interest the unit price in 97 varied from $7.50 to $11.00 - shows you the present level of disbelief in the market concerning oil prices). The only things different now are both positives - oil prices are higher and MXT's debtload is lighter. My prediction is .08 to .10 immediately, going to .12 to .13 in 2001 if prices stay above $25.00. Also checked out what MXT would look like if prices crashed. You had indicated that with their hedges in place for 2001, they should be able to guarantee .80 cents no matter what. I calculated based on oil prices collapsing to $12.00 (U.S.). My number came pretty close to yours - .72 cents. I thought I had accumulated enough MXT, but I'm now starting to think about buying some more. Regards