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

To: Scott Mc who wrote (3638)	7/2/2002 10:29:21 PM
From: David Alon	Respond to of 11633

Yes, I caught on to that and that management has a big portion in the company.My concerns at this point is it barely trades. Hard to buy the shares with barely any trading.But when it does turn into a trust, it should make a great buy.

To: Scott Mc who wrote (3638)	7/10/2002 1:36:36 PM
From: Scott Mc	Read Replies (1) \| Respond to of 11633

Further re my previous post on Management fees, this is a payment exceeding $50 million, not bad for the manager.. ARC Energy to acquire management company ARC Energy Trust AET Shares issued 110,864,407 Jul 9 2002 close $ 12.70 Tuesday July 9 2002 News Release Also ARC Resources Ltd (2) (ARX) News Release Mr. David Carey reports ARC ENERGY TRUST ELIMINATES MANAGEMENT CONTRACT STRUCTURE AND ... ARC Energy Trust will be the first conventional oil and gas royalty trust to eliminate the external management contract structure and all related fees. The trust has reached an agreement with the manager, ARC Resources Management Ltd. (ARML), to purchase all of the outstanding shares of ARML, for $4.25-million in cash, the assumption of a $5-million future obligation, plus a total of 3.58 million trust units or at the option of the holder, exchangeable shares. The $5-million future obligation finances future