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

To: russet who wrote (1841)	11/8/2001 9:50:30 PM
From: bill	Respond to of 11633

bought rrr.un today 11.75.

To: russet who wrote (1841)	11/8/2001 9:53:45 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

russett: Fair enough. However when I see a trust like AET announce a $100 million capital expenditure program, I start thinking about development costs (which can be very substantial) and risk (even if it's limited), and I would guess they're straying a bit from the representations made in their prospectus concerning their modus operandi. Are you suggesting that it would be kosher for a trust to buy a field that had NO producing wells on it, even assuming that the field was pretty much proven? What about buying a field that has a little more risk? Where do you draw the line on these things?