Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mayer Tchelebon who wrote (670)	12/17/2000 1:20:56 PM
From: Lorne Larson	Respond to of 11633

I agree. That was the point I was trying to make earlier. There is nothing wrong with a 17% return, but MXT has given investors absolutely no reason to stay with them, rather than shifting to one of a host of other better paying oil and gas trusts. Vague comments that management is reviewing MXT's position "in light of the recent acquisition" simply don't do the job, and in fact look downright evasive when compared to the very detailed explanations provided by most other trusts as to the basis for their distribution policy. NCF is paying .14/mo on a price of 5.90 for a monthly return of 2.4%; PWI is .20/mo on a price of 9.00 for a monthly return of 2.2%; VKR is .21/mo on a price of 8.75 for 2.4%. MXT is .06/mo on a price of 4.17 for a monthly return of 1.4%. I repeat - why should an investor pick MXT at this time? There may be a very valid reason, but we certainly haven't heard it from management.