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

To: Lorne Larson who wrote (2330)	12/21/2001 12:00:39 PM
From: stan_hughes	Read Replies (2) \| Respond to of 11633

Lorne - Here's some more doom and gloom analysis for Peter to stay in denial over. Wait until the average energy stock investor (who generally does not understand the business) gets an education on how high storage levels will affect prices at the wellhead going forward. Those who are hoping for some kind of big rebound in NG prices that will somehow end the slow torture are in for a big disappointment. The impact of these high storage levels has not even fully worked its way into the market yet. This is a supply and demand exercise - producers stuff their NG into one end of the line, and consumers and industry burn it up at the other. If demand exceeds the available supply, prices rise - same thing on the downside, with production declining in response to falling prices until equilibrium is reachieved. Big users contract some or all of their needs in advance for obvious reasons. Now consider what those high storage levels mean, particularly in light of our mild winter thus far. It means that a lot of those big consumption forward purchasers will not need to buy ANY MORE gas for the rest of this winter, because they're already loaded to the gills with the stuff. The only people buying gas as winter ends will be those who were smart enough to see this coming and hold back. There aren't many of them. It's even scarier when you consider that these people will represent almost the entire extent of spot market demand about 90 days from now. Utilities don't care about this situation because whatever they paid on behalf of their customers just goes into the cost base, upon which they are guaranteed a fixed rate of return. The residential customer has to pay the utility's source cost whether it's high or low or average. Utilities bought and therefore supported prices all the way down this fall, because they're more focussed on security of supply than price, since they make money no matter what. Industrial customers are still fighting the recession and I don't see them needing to buy extra fuel - they are enjoying the mild weather and reduced consumption as much as residential consumers. In fact, some industrial users might even need to unload some of their previous purchase commitments into the cash market. Oil prices are a lot lower than last year and fuel oil abounds. Consequently, NG's competitive cost advantage has a lid on it. This is why the notion that the onset of cold weather will save the day is a myth. Too little, too late. So let's fast forward to mid-February. You're a gas producer. The end of the NA winter heating season is staring you in the face, and so is that pesky continuing record volume of gas in storage. The cash market is going comatose, because most end users have their hands full just trying to use up the stuff they already own. Except for firm service commitments, there is next to no demand for your product, and no chance for improvement until air conditioning season is in full swing (assuming that even materializes). Not exactly the kind of market environment that will find investors putting premium prices and multiples on your securities as a gas producer. It doesn't matter that somebody at the DOE published a paper saying NG will be in short supply 3 or 5 years from now, because that won't help you over the next 6 months or a year. And the $10 California bubble price that people have emotional ownership of as a potentially reachievable high? You'll never see it again in your lifetime. IMO things will get much, much worse before they get better, even if the economy improves earlier than expected (which I doubt will happen). The bottom line is that there is too much gas around that's already out of the wellbore, and the NG price is going nowhere until that surplus gets sopped up. That won't happen this winter and probably not next summer either, so you are looking at dead money at best for 9-12 months minimum, probably worse, and possibly a lot worse. NB to Peter Pan - If you're reading this, I've put you back on Ignore where you belong, so don't bother addressing me because I won't see it.

To: Lorne Larson who wrote (2330)	12/21/2001 5:41:10 PM
From: Peter W. Panchyshyn	Respond to of 11633

I see you still haven't posted your holdings as at May 15. I assume that instead of doing so you'll grace us with another 40 lines of explaining how incredibly brilliant you are. Like I said before any fool could make money on these things in late 1999, 2000 and the 1st part of 2001. Why don't you let us see how you've done during the rough part of the ride since the highs in May. Won't do it will you? Loser. ----------- From my past post # 2265 where it is documented time and date stamped for your convenience. A copy below: That you fail to acknowledge its documented existence is laughable. Maybe to put it to rest another poster could verify its existence for you since you are having so much trouble with it. ----------- """"""""""""------- Oh yeah so you don't pop a blood vessel in your head. From post # 46: ERF, PGF, REF And from further on in post # 46 EIF.UN, EIT.UN, NCD.UN, LUS.UN, LIF.UN, OPT.UN And remember I accumulate once I am in, on weakness. Next from post # 57 RTU, FND there are others but these got bought out or otherwise disappeared went private or other much like FND which became WFF then AE for now. And OPT.UN that got bought out. Next look to post # 393 which states how well the trusts have done since the earlier posts. Confirm at your leisure. Next look to post # 399 when I talk of my first foray into trading of the warrants. Next post # 729 talks of my success with the accumulating and the big turn arounds in LUS and WFF. Next Post # 748 shows LUS up to $4. Next post # 814 shows further confirmation of LUS WFF and the NCD.WT. -------- Now this takes you to about May of 2001 as you asked for. Remember it was you who asked for the specific postings. I have given all of that. NOW THATS DOCUMENTATION. """"""""""""""""""""""" Why don't you let us see how you've done during the rough part of the ride since the highs in May. Won't do it will you? Loser. ---------------- Look to past posts # 1910 # 1985 and # 1998. Where I detail my current trust holdings and the method (# 1998) I follow which can be followed and tested both real time and with past data for verification.-------------------- ---------------- Look to past posts # 1213 # 1244 # 1260 # 1277 where I show my plays with the rights of warrants time and date stamped documentation ------------------------------------- ---------------- Look to past posts which show the latest SDT rights play of from Oct to Nov # 1624 # 1638 # 1647 # 1648 # 1912 # 1914 # 2064 # 2065 # 2201 # 2208 And check to see SDT.UN 's current price NOW. In these past posts are two other members of this forum that took advantage of the SDT rights Bill and George. For their testamonies as to how well they have faired with these, confirm with them at your leisure ---------------------- -------------- All of this has occurred during the ruff times of the last several months and all show that I am well ahead of the game. My actions (accumulating on weakness) with the trusts NCF, NCA, AE, AY show EVEN + INCOME to only slight UNREALIZED LOSSES. Now compare my EVEN + INCOME & slight UNREALIZED LOSSES (which come back easily with future gains) with your REALIZED LOSSES on PWI and the shorting (squeeze) you have done ( which have no way of coming back , your stuck with them for ever). I AM BETTER OFF THAN YOU PERIOD AND DOCUMENTED -------------------------------------- IGNORING THE SO VERY OBVIOUS AGAIN AREN'T YOU ----------------- AMATEUR.

To: Lorne Larson who wrote (2330)	12/21/2001 6:06:02 PM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

Peter Pompous: Actually "Gloom and Doom" guys like stan and me were right and you were dead wrong. If you sold most everything 3 or 4 months ago you could use the cash you have stashed away to buy things cheap. ------------ You were right about the fall but you haven't benefitted from it one bit. You sold 3 or 4 months ago and since then have had only losses from shorting, from going long PWI and other because you are trying to trade and failing miserably at it because they continue to drop for you, erasing all previous gains you may have had. And then to top it off your REALIZING these losses and have no chance of recovering them so easily. Your trying to enter and exit for gains but are only getting further documented losses. And on top of all this your not getting much in the way of any high income. ---------------------- ---------- I on the other hand have benefitted all the while. I am getting high income. I am taking advantage of accumulating on weakness getting more units and more income and lowering my cost base which will benefit me handsomely once the unit values cycle higher because that is what they do. Not too mention the special situations of the rights and warrants which have given me double and triple digit returns and on top of that even more units at conversion which spells more and more monthly income. And in particular SDT is up double digit from conversion and still paying the same monthly amounts -------------------- There is just no comparison. I am far better off and far better at these trust than you "superior traders". Thats what all the documented evidence shows and will continue to show. -------------------- Oh, and since we're talking about NG prices, have you figured out yet that the CDN oil and gas trusts report their NG sales in CDN dollars, not U.S. dollars? -------- Only an amateur would say that this matters ( CDN $ or US$) as opposed to stating publically that prices for natgas were going to go to $1 CDN and stay there and that the trusts were selling at huge losses. What then were the real important facts you were wrong about here. Well for one the trusts never did sell any gas at losses. The price of gas never did go down to $1CDN but instead have risen to almost $4 CDN now. ---------------- Been investing in these for 10 years have you, and didn't realize this? --------- I realize what is important for the trusts it is not CDN $ or US$, its whether they have to sell their production at a loss. Which they never did. That you missed that most juvenile of items is laughable. Especially for a "superior trader"-------------------- And thats is the most amazing display of ignorance anyone who knows anything about these trusts has and will ever see PERIOD ------------------ Truly one of the more amazing displays of ignorance I've seen on this or any other board.