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

To: David Alon who wrote (3527)	6/23/2002 4:56:56 PM
From: Lorne Larson	Respond to of 11633

David: Sold the last of my AVN last week, after selling most of it in May (for the record, Peter). Very nice return from an average price of around $7.60. Still like the company but I think it's probably priced a little steep right now. Looking to replace it with another NG trust. The options would appear to be SHN, PWI, or the new trust being spun off by Paramount, which I understand is almost 100% NG. I think SHN is a little overpriced right now, and I think PWI will encounter some problems when their hedging comes off later this year, so I'm going to have a serious look at Paramount. Going to post to Scott Mc and ask him how he sees this one. As for the oily ones, PVE was formerly mainly heavy oil, but with some very astute acquisitions has transformed itself into a very balanced trust. Very good management and reasonably priced, but I don't own it anymore (I was simply referring to it because Peter used it in one of his examples), simply because I believe that AE and UET are better values. I hold a big chunk of each and intend to sit on them for awhile. One advantage of owning PVE is that it is listed in the U.S., and they tend to often get a bandwagon effect going down there (mind you it can work in reverse too). I own a bit of AY. One of the best performers, if not the best performer, in the oil and gas trust sector over the last 4 years, but gets very little attention or respect from the market. I wouldn't be surprised to see these guys increase their distribution in the next few months. Regards