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

To: bhartley who wrote (647)	12/8/2000 10:03:19 PM
From: Mayer Tchelebon	Read Replies (1) \| Respond to of 11633

Since MXT does not have 12-month trailing distributions, you would need to use current distributions in order to compare MXT to the others. This measure would give a current or potential MXT investor a common frame of reference. Comparing hedging activities is also important. Some trusts are more hedged than others. Most oil hedging is at prices which are close to the current oil spot price, but gas hedging is all over the map: some trusts are getting only CDN $3.00 for their hedged gas production, while others are getting CDN $5.00 for their hedging. The difference between the two is huge. If two trusts have the same current yield but the first is receiving lower prices than the second, the first would have more potential for increased distributions than the second.