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

To: gg cox who wrote (660)	12/15/2000 7:26:01 PM
From: Lorne Larson	Read Replies (3) \| Respond to of 11633

Not sure of the point you're trying to make, but I'll try and respond. 1. Even with the hedging MXT can afford a much higher payout. 2. Yields provided in the Calgary article are based on trailing 12 months, not the current month extrapolated by 12 months. By way of example PWI presently pays .20/month, which extrapolated for 12 months is $2.40, which with PWI at $9.00 is a return of 26%. Most oil and gas royalty trusts would show similar yields based on their current month distribution. Give me one good reason why I shouldn't immediately sell MXT yielding 17% and buy PWI or another trust yielding 20-25%? 3. MXT reduced its debt by $10 million by utilizing the proceeds of an offering at $3.50. Big deal. How is that relevant to their pathetic distribution of .06? These jackasses owe shareholders an immediate explanation as to how they propose to spend the CAD that they're not distributing. In the absence of clarification there is absolutely no reason to hold this straggler as opposed to the many quality trusts who are paying a much better return. I'm really pissed about this.