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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (92778)	7/26/2001 3:34:02 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

And speaking of NG.... After a nice rally yesterday, it got socked today. quotes.ino.com Agree with you about the R.T.s, Frank. Maybe a trading rally IF...OSX & XNG put in solid bottoms and stage (at least) a good ST run. But R.T.s aren't the best trading vehicles IMO. So right now, leaning towards holding that dedicated cash for what I still believe will be a final capitualtion leg down in all the patch sub-sectors during Fall shoulder season and most likely heavy tax selling after that. Could be some great bargains sometime before year end. Cheers, Isopatch

To: Frank Pembleton who wrote (92778)	7/26/2001 5:12:26 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 95453

Kastel, be careful with these trusts! NCE is approximately 40% weighted towards natural gas, and very little of it is hedged. PrimeWest - pretty much the same story, although they do use hedging on half the production. I know NCE is highly leveraged to prices (no hedging) and Prime West was more attractive due to their hedging. These guys make money even at 2.50 NG and lower oil prices (which I know you know :o) PWI expects to maintain the current dividend levels until December.I'm not overly bullish but was hoping for some follow through or a summer bottom in NG. I'm looking for another medium term play and these have not bad liquidity. Well Frank, (I'm starting to feel like Bayliss here LOL) my toes ended up dry. Seems I was just too cheap for the sellers today :o) I'm sitting about 20% PM's 5% old baggage, some Labour Sponsored Funds (LT stuff that I can't cash now without a tax penalty) and the rest cash and bonds. regards Kastel what a day. only got to spend an hour working on the patio. 3 emergency calls from customers and then off to the daycare early as my little guy is / was running a high fever.