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

To: Scott Mc who wrote (707)	1/22/2001 9:12:39 AM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

Interesting to note that the Canadian oil and gas trusts were recently mentioned on the SI Strictly:Drilling forum: Message 15222102 The trusts are getting way more attention now than 12 months ago. Probably means we're good for one more good pop in unit prices (e.g. PWI and VKR to $10, AY to $11, etc). At least that's the way I'm playing this thing right now. Actually in terms of under-valuation the junior oil and gas companies now are given a lower cash-flow multiple than the trusts. That's the reason that Founders Energy is converting from an junior E&P to a trust: Message 15212373 I've bought a couple of juniors over the last 2 weeks, and I'm looking at a few more. However for the reason indicated above (and the 20-25% yields) I'm going to stay overweight in the trusts until this thing plays itself out completely.

To: Scott Mc who wrote (707)	2/1/2001 8:10:23 PM
From: Lorne Larson	Read Replies (3) \| Respond to of 11633

Re MXT: After the latest announcement of a .08 dividend for February, I e-mailed the president B.Gieni indicating I thought they could do a lot better than that, and also that most oil and gas trusts were giving some clarification as to how they were arriving at their monthly distributions. Just got an e-mail from Mr Gieni stating that they "would announce the annual distribution when (they) knew the entire shape of Trust". Indicated that they were still analyzing and did not want to make an announcement and than have to retract it. So it appears that the .08 for February is not necessarily the final word.