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To: Cogito Ergo Sum who wrote (15448)12/4/2002 7:15:31 AM
From: whitepine  Respond to of 206347
 
Good morning Kastel,

It seems we agree. I would only caution with AVN and most other CRT's that price fluctuates more than one might assume. As a longtime owner, I appreciate your position, but for those who are thinking of making a purchase in the near term, I would only caution them to select an advantageous entry point. So, too, with NCN, ERF, and others.

When/as CRT's add to reserves, their unit prices usually decline. Again, for new buyers, this might come as an unanticipated surprise.

I am, of course, no expert, but SJT seems to have healthy reserves. Like others, I have relied on mcdep.com for estimates of present and future value, including projections for declining reserves.

regards,
whitepine



To: Cogito Ergo Sum who wrote (15448)12/4/2002 9:28:36 AM
From: Tommaso  Respond to of 206347
 
"Do the US trusts acquire new reserves ? If not are you not taking a bigger depletion risk ?"

That is indeed a problem with most of them. Sometimes infill drilling can keep things going, and some have undeveloped properties, but you have to calculate their remaining reserves carefully--or rather, hope that they present it honestly.

Some Canadian trusts on the US model may be emerging. See news releases for Vermilion (VMR).