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

To: Goldberry who wrote (1714)	10/27/2001 9:43:19 AM
From: Lorne Larson	Respond to of 11633

The press release on the hedging states that AVN has locked in a minimum floor price on 75% of their production for 1 year commencing Nov 1, while retaining the benefit of some upside potential. I assume the distribution of .15 is based on prices in Sep/Oct, which were below the minimum floor prices ($3.51 NG and $23.27 oil), so that should mean the .15 is pretty certain for the next year. If that's the case than at a Friday close price of $7.78, you have a sure yield of $1.80/7.78, or 23% for the next year, with some upside potential. I'll take it.