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

To: stan_hughes who wrote (852)	3/28/2001 7:37:41 PM
From: bhartley	Read Replies (1) \| Respond to of 11633

Interesting reading your thread on the underwriters. CIBC has a report out on the Royalty trusts and they are selling off a lot of their holdings early as their forecast for crude is US$21 and at such levels(if they are correct), will lower the net asset values of the shares of each Royalty Trust , - especially the oilier ones. Hope they are wrong on the crude price. They were wrong last time as it climbed- had a $18 -20 top on crude when it last moved up from $11.50. A lot depends on the oil presently in transit to the ports and economic directions.