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To: Lee Lichterman III who wrote (99342)	5/4/2001 9:33:55 AM
From: John Pitera	Read Replies (2) \| Respond to of 436258

Lee, thanks for the insights into HGT and BPT.... HGT does have some insider selling , not massive but is it diversification or maybe they realized that NG would be dipping into Memorial Day. here is a thought on TRU that was sent to me when I mentioned them to another SI sleuth..... Boy John... that TRU trust looks real interesting given the extra revenues they net from prices exceeding $2.10/mmcf.. <ib>The average price paid to the Trust during the quarter ended March 31, 2001, attributable to production during the quarter ended December 31, 2000, was $3.45 per Mcf of gas after gathering fees, and $26.67 per barrel of oil. No price credits were accrued or recouped by Torch Energy Marketing, Inc. (TEMI) during the quarter. Price credits arise as a result of TEMI's obligation to purchase gas for the minimum price of $1.70 per MMBtu, before gathering fees. If the index price for gas exceeds $2.10 per MMBtu, TEMI is entitled to 50% of such excess. Because the trust index price for gas exceeded $2.10 per MMBtu during the quarter, TEMI earned approximately $2.3 million, net to the Trust, in connection with the price sharing agreement. And that extra .55 quarterly distribution is likely to continue for the rest of the year, and probably grow. I really like that one... Thanks for the recommendation.. HGT looks solid too... should retrace a bit (a couple of bucks or so.. and then move higher. But why are insiders selling shares in the trust that yield a 32% dividend? biz.yahoo.com