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

To: bhartley who wrote (854)	3/28/2001 7:53:07 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

CIBC has their head up their ass, as usual. Fact of the matter is that the oil and gas royalty trusts are already heavily discounting a drop in prices. That's why most of these trusts have yields of 25-30%. Should be trading 50% higher than they are. PWI, for example, could cut its dividend in half, and still show a yield, at todays price, of around 14%. These jackasses, and in fact all the rest of them, have been wrong about these beauts for the last 2 years (some of them finally jumped on board about 6 months ago). They've been touting tech all the way down ("this time we've Really hit a bottom"). Why would anyone think they're right now? Not suggesting we're going to see 20-30% forever, but there's nothing wrong with 10-15%.