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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (15427)	12/3/2002 3:50:50 PM
From: sportsman	Read Replies (1) \| Respond to of 206347

If you like NCN, you have to love AVNNF. Advantage is 80% NG weighted and you might want to read yesterday's press release: biz.yahoo.com Sportsman

To: Tommaso who wrote (15427)	12/3/2002 4:14:12 PM
From: Broken_Clock	Respond to of 206347

Hi Tommaso. I picked up GLBL in the IRA a couple weeks ago at a 6 year low(paid 3.95 & 3.53). Nothing but green since. Looks like the OSX wants to rumble higher to me.

To: Tommaso who wrote (15427)	12/3/2002 4:37:10 PM
From: Ed Ajootian	Read Replies (2) \| Respond to of 206347

Tommasso, (Boy you're gettin' popular these days!). I used to own some NCN and took a look at it again, as a result of some of your & other posts. I believe the big problem with not only NCN but all of the Canadian gas producers is that the price of Canadian gas has not followed the price of Henry Hub gas. At least I think it hasn't. From the resources I have it is confusing. Based on the 3Q earnings release for NCN they only got C$3.36 for their gas in 3Q, which is around US$2.10. Also, I see from the update that National Bank Financial put out on NCN on 11/15, while National Bank is expecting better prices in '03, they are calling for AECO average price to be just C$4.30 (US$2.70). But then I see in the latest Raymond James stat sheet that AECO gas is currently at _US$3.50!! Not sure but I think they may have mixed up currencies here. Hopefully someone can help me out on this. Even with the low production costs in Canada, the economics of producing gas with a US$2.50 selling price are not nearly as good as with a US$3.50 -- US$4 selling price. Unless someone confirms that AECO gas is really selling for US$3.50 these days I think I will pass on getting back in.

To: Tommaso who wrote (15427)	12/3/2002 5:55:41 PM
From: Tomas	Read Replies (2) \| Respond to of 206347

Oilsands will soon exceed refinery capacity Edmonton Journal, Tuesday, December 03 canada.com{E52B3A27-6461-4FB8-9584-D2778AC7C550}

To: Tommaso who wrote (15427)	12/3/2002 10:15:55 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 206347

Hi Tommaso, There is also PWI.UN which now trades on the AMEX as PWI for diversification. It is not as liquid primarily I think because they reverse split a while back and it's about 2.5 times NCN price wise. Dividend is comparable. They have recently internalized management. I haven't had time to check out all the numbers but it appears to be accretive to distributions (ie. fees for acquisitions and dispositions are out). They incurred too much debt during the last bubble and had marginal exposure to Enron but their hedging is OK so from that standpoint not as leveraged as NCN but still a happy cash machine. I'm kinda looking to add more a bit lower FWIW if possible. I've owned pretty well consistently from the bubble times. You are bang on re: the liquidity of NCN vs many other CanRoy's. As a bet on rising NG prices though NCN is a better bet (I have a starter position now but am loaded with AVN.UN, PWI.UN, AE.UN. I personally wouldn't own just one though. I actually unloaded my FAP (FAX) recently and rolled it into AE.UN, NCN and some more of that gold stuff. I traded NCN during the bubble when you brought it to the board's attention a few times (on SD ?) I don't think much has changed with it since then. Again I personally wouldn't own just one but I'm chicken.... regards Kastel