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

To: mark calgary who wrote (1399)	9/10/2001 11:08:16 AM
From: Braincramp	Respond to of 11633

Not all trusts are the same Mark. NCF has not near the hedges in place than lets say PWI. Also PVE which is mostly heavy oil will have no problem with todays market, as they did well at a 15 dollar differential between light and heavy crude. And we are no where near that today. So I tend to look 6 months in advance with a worst case view. Lets take AY for example If they cut their dividend to 20 cents, in 6 months they will have paid 1.20 so even if the price drops to 8.80 per share you would still be even.

To: mark calgary who wrote (1399)	9/10/2001 11:09:46 AM
From: russet	Respond to of 11633

Congratulations to the management of NCF.un,...who with their incredibly stupid announcement that they are going to the market to dilute us yet again, at an undisclosed price no less. I don't think they could come up with a better way to tank the stock. With their normal procedure of setting the offering price about a buck below the current price, I guess the offering price will be around $12.40,... and dropping fast by the looks of todays trading. Interesting how the market has been anticipating this kind of chit announcement from them for about a week given that NCF.un has dropped more relative to most of the other trusts. No wonder few analysts recommend the stock,..no trust. NCE files registration statement NCE Petrofund (2) NCF Shares issued Sep 7 close $14.95 Mon 10 Sept 2001 News Release Mr. Patrick Schryburt reports NCE Petrofund has filed a registration statement with the United States Securities and Exchange Commission and a preliminary prospectus with the securities commissions in each of the provinces and territories of Canada under the U.S./Canada multijurisdictional disclosure system for a proposed public offering of 7.6 million trust units. An overallotment option for up to an additional 1.14 million trust units is also contemplated. The offering will be underwritten by a syndicate managed by Deutsche Banc Alex Brown and including Lehman Brothers, UBS Warburg, CIBC World Markets and National Bank Financial. Closing is expected by the end of September, 2001. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2001 Canjex Publishing Ltd. http://www.stockwatch.com