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

To: Lorne Larson who wrote (971)	5/7/2001 11:17:36 AM
From: stan_hughes	Respond to of 11633

Lorne - Add to that analysis that once an acquisition is consumated, those that don't like the market discount and waited until they received their new shares seem to promptly sell at that point instead, temporarily depressing the acquisitor's price. The Stellarton deal immediately comes to mind, although there have probably been exceptions. This phenomenon isn't unique to the trusts, it's investor behavior in discounting risk in general. I agree with you that these events usually represent opportunities to add to positions on the cheap. Ain't the market wunnerful?

To: Lorne Larson who wrote (971)	5/7/2001 4:41:45 PM
From: Scott Mc	Respond to of 11633

Lorne, Yes I noticed the same, I owned shares already in MXP+MGY, however looked at adding to my position on Fri in MGY but didn't, my thoughts at the time was 1. Oils were off a bit 2. NCE.un was off 3. The cash price offered is for a small % of the overall shares 4. You miss 1 dividend That said, my large position in oils, I didn't wuite pull the trigger on MGY on friday, all I needed to do was enter my password, however thought it was so-so. What I do own is some VKR and Ill take a look at its takeover target BXL, maybe sell VKR and buy BXL, Thanks Scott