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

To: bill who wrote (2428)	1/15/2002 11:05:56 PM
From: trustmanic	Respond to of 11633

Bill, Those brokers' recommendation means nothing, probably they hold a large position of the stock, so they recommended a BUY. The near term of energy trusts not look good, but may be not so bad for mid or longer term. Some of the trusts are in buying mood, they bought many O & G properties. People are now looking into income trusts like CBF.UN or DHF.UN, the new livingston International Income, I phoned TD this afternoon and they told me that its gone. ICE is priced @9.25 to $10 per unit.It was $5 a month ago. Too many people lost their jobs, I don't think people could afford to buy anymore. Victoria decided to cut 1/3 of the government work force, I bet a lot of these people earned $5-70000 per year. If these people lost they buying power, you don't expected those who earned below 20K to buy expensive 45 inches TV or new car. The Liberal cut tax too fast and they have big trouble now. George

To: bill who wrote (2428)	1/19/2002 1:12:57 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

Interesting comparison: With a recently announced distribution of .16/mo, PVE gives a forward annual yield of 22.1%; PGF at its last announced distribution of .13/mo has a forward annual yield of 11%. Only 3 possible reasons for this - stupid investors (PGF is overvalued and/or PVE is undervalued), smart investors (PVE is much riskier, more poorly managed, lower quality assets, etc, etc), or stock manipulation. I'm betting that this sort of spread can't last. I'm still long PVE and short PGF. With a bit of nimbleness you can avoid paying the dividend on PGF by existing and re-entering, although the commissions eat into your profit. In the meantime still collect the .16/mo on PVE. Short position also provides protection in the event the O&G sector as a whole crashes. I see that NCF announced a recent acquisition. Is it possible a financing will be announced shortly to pay for this, and if so how much below current price? Looks to me that the stock is being supported to hold it at a certain level in anticipation of a financing. One house was a net buyer of 123000 shares last week; next highest was net 25000. But of course we've been told on these boards many times that these guys don't play games like that, haven't we.