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

To: Goldberry who wrote (1995)	11/17/2001 12:17:09 AM
From: bill	Read Replies (2) \| Respond to of 11633

Sorry. Pay per view. Going to have to take my word for the figures. I think most of them are known by the regular posters. PWI issued 9.9mm trust units at 7.10. Picked up 66.8 mm bucks. They're 35% hedged in oil above 25.00 and above 4.18 mcf NG. I'd have to dig around at a variety of sources to get more figures but it's Friday night, I'm for the fireplace and couch and a good book. My assumption--or as they say on the threads IMHO--the money isn't just to pay down debt. As we all know there have been a lot of M&A's. The new owners are likely to want to spin off non-core assets (just look at what TRP has done in the last year). The trust guys know this. If they can load up with cash at decent prices, they'll be in a great position to pick up these non-core assets. Given the likely dividend return (around 20%)then 7.80 is a likely target price. George might be right. It could be twelve months down the road. Given the large geopolitical variables at work at the moment, anything is possible. All predictions are based on a set of assumptions. The most common one is that "if things stay the same", the the following will happen. If Bin Laden, in a desperate act of rage, manages another major attack on America or Britain, then all bets are off. If Russia is prepared to provide the US with 10 dollar oil for future considerations, then all bets are off. Or new bets have to be made. Personally, I've begun to wonder if we wouldn't be better to sell off our trust units and buy Loblaws. Or Loblaws should become a trust.(Peter, that's a joke.)