Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Scott Mc who wrote (2781)	3/7/2002 7:53:30 PM
From: kingfisher	Read Replies (1) \| Respond to of 11633

United Corporations declares dividends United Corporations Ltd UNC Shares issued 11,447,327 Mar 7 2002 close $45.550 Thursday Mar 7 2002 News Release Mr. Mark Taylor reports UNITED CORPORATIONS LIMITED-DIVIDEND DECLARATION At a board of directors meeting of United Corporations held today, the following dividends on the common and preferred shares were declared: FISCAL 2002 Record Payable Amount date date Extra common dividend -- cash March 18/02 March 28/02 $0.20 Capital gains dividend on common shares March 18/02 March 28/02 $6.00 The capital gains dividend is payable $1.80 in cash and $4.20 in stock (one new share for every 15.3238 shares held based on a value of $64.36). Fractional shares, resulting from the payment of the stock dividend, will be paid in cash based on a value of $64.36 per common share. Each of the above dividends will be paid based on the 11,447,327 number of common shares currently outstanding. FISCAL 2003 Record Payable Amount date date First preferred shares May 1/02 May 15/02 $0.37 Second preferred shares May 1/02 May 15/02 $0.37 Common dividend -- cash May 1/02 May 15/02 $0.20 The above common dividend will be paid on the common shares outstanding at May 1, 2002. (c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com

To: Scott Mc who wrote (2781)	3/8/2002 1:09:51 AM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

Scott: I remember the old days with MXT very well. MXT was on the verge of folding, but was saved by $10.00 NG and $35.00 oil. They played the rebound very smartly - used their cash-flow to pay down debt rather than making distributions. However because they were not making distributions the stock price remained depressed. It was an easy call for anyone who looked at cash-flow rather than funds distributed. I made more money on MXT than on any other stock I've ever bought. I got out when they changed management and I couldn't get decent answers in a few telephone calls to their new management. Recently got in again at $4.50. This one is not going to participate like some of the others in a rebound in energy prices, because they are pretty much fully hedged. However they're a bit unique because they have low-producing long-life wells. I believe they have easily the longest reserve life of any conventional oil and gas trust. At my buy-in of $4.50 they're paying 16%, and I see no reason why this can't continue for a very long time. I'll take it. Regards