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

To: russet who wrote (491)	9/7/2000 4:54:30 PM
From: Bat Man	Respond to of 11633

Thks russett, I finally got through on the phone. To sell or not to sell? I sold about 1/3 of my holdings in the 22.60- 23.50 range. They should be announcing U.S. trading soon I would think, they did say Sept. I'm not sure if this will have much of an effect on the price. we'll see. Elmer

To: russet who wrote (491)	9/7/2000 10:06:58 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

I figure PWI is easily the best buy amongst the oil and gas royalty trusts right now by almost any ratio you want to use (excluding MXT which is non-dividend paying). This was the case before the new share issuance was announced, and the regression of the share price to the announced share issuance price makes it even a better buy. If oil prices stay firm, I'm predicting $9.50 in 30 days. Interesting to note that CIBC, the underwriter on the new share issuance at $8.35, was the house doing by far the most selling during the 2 days before the announcement at an average price of $8.71. I'm sure this was a complete coincidence.