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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?


To: Duane L. Olson who wrote (3502)5/31/2001 9:08:09 AM
From: Wolf 2  Respond to of 4564
 
TSO:

The dumping of ERF really doesn't make much sense to me (but then, much of what the market does is a mystery to me<gg>) since the merger boosts the gas component and the conversion ratio of EIF to ERF is fairly attractive from the ERF perspective. It may be because the RLI is somewhat reduced and/or the usual "sell the acquirer" attitude because this could be seen as a 'purchase' by some. Oh well, some folks will never be happy.

Duane, please bear in mind that a direct correlation exists between the level of thanks now received and the level of guilt that will weigh on the Wolf should the future for these Cdn. trusts be less than rosey...

Regards,
Wolf