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

To: David Culver who wrote (552)	10/5/2000 11:34:05 AM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

My opinion is that people are selling this stock for two reasons. First there is a general negative feeling about oil and gas right now - the idea being that prices have topped and one should get out now. Second if you're going to be in oil and gas royalty trusts there are lots of good ones that pay a dividend, so why hold one that doesn't. For myself, I haven't sold any, and still think MXT is a bargain. Should start moving up as we get closer to 3rd quarter results and an announcement of the dividend being reinstituted. Even a .80 cent dividend pays 25% at todays prices.