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To: John Pitera who wrote (99540)5/4/2001 10:17:11 AM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
<<But why are insiders selling shares in the trust that yield a 32% dividend>>

My understanding is that XTO execs received a good sized chunk of HGT as part of an asset exchange a couple of years ago. Many of them have been selling all along (including at lower prices). I think their just trying to monetize their windfall, nothing more.



To: John Pitera who wrote (99540)5/4/2001 1:58:17 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 436258
 
>>But why are insiders selling shares in the trust that yield a 32% dividend?<<

I wondered about that too. I am worried about NG falling to around 3 bucks mcf as inventories are rebuilt. That is why I said BPT or another oil trust versus a NG trust might be a better trade short term.

I am still digging through SJT's statement also. Reading through that March 2001 International Energy report I think you gave me the link to, they seem to feel that China and South America will be the largest growth areas for energy use. I am wondering if maybe SJT being closer to South America may pump a little faster as growth takes hold.... "IF" growth takes hold. I don't like betting too much on that region with all it's problems but there is always a customer for oil and gas. -gggg-

I am thinking that maybe the NG trusts are the best bet in late summer through winter then switch to the oil ones over the summer and then switch back. NG has the highest projected sustained growth rate at around 3.5% while oil is only projected in teh 2 area if I recall correctly.

Anyway, I need to get back to watching this ramp job. Unbelievable. Do they float granite blocks for the pyramids down this river still? -g-

Good Luck,

Lee