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

To: bill who wrote (2359)	12/23/2001 8:12:53 PM
From: David Alon	Respond to of 11633

There is a problem buying almost any trusts, and that is, they have moved up in the last months between 15-25%. It's getting harder to find good deals out there.

To: bill who wrote (2359)	12/23/2001 10:30:06 PM
From: trustmanic	Read Replies (1) \| Respond to of 11633

Bill, Most company made mistakes..big company made big mistake.NT paid big money for those small companies. TRP bought NOVA, LDM paid big money for Safety Keen , Lowen bought too many graveyard, Petro- Canada hedge with Enron..Some people said the Canadian Tire bought Mark Work Warehouse is not a good deal(we will see in the future) too many examples. The question is.. after all these mistakes, Will the company survive? PWI paid Cypress with money and units. If the unit price drop, the value of cypress drop too. Hopefully the worst is no dividend for a while and wait for the company to reposition for the next round. .. If you are an electronics appliance manufacturer,(for example-you produce television),people may buy from Sony instead of buy from you.Your business is not stable. But O & G is different , there is an open commodity market for O & G, and you can sell it in the open market(although I don't know the detail of how the market work). Sooner or later the company will pay down its debt(if they don't pay dividend). The worst thing is there is no more oil left after they pay the debt or short life of reserve.. Anyway I am not panic. regards George