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


To: wbristow who wrote (5203)12/31/2002 12:16:04 PM
From: wbristow  Respond to of 11633
 
As a sidenote...I hear that the new Investingforincome.com
newsletter will be doing a study on NCF in the near future

BB



To: wbristow who wrote (5203)12/31/2002 12:19:17 PM
From: Tommaso  Respond to of 11633
 
There sure has been a lot of skepticism about NCF (NCN on the Amex) on the Yahoo thread, and I can understand the disillusionment of those who bought too high. But I reexamine it every day and I all I can see is that it is out of favor because when NG prices dropped from that unsustainable $10 level, the distributions dropped, and as they dropped so did the stock price. I am holding other Canadian trusts but they don't have the liquidity (as stocks) of NCN. Sometime those pink sheet quotes get a week or two out of date (that's how they appear in my US brokerage account).



To: wbristow who wrote (5203)12/31/2002 12:32:27 PM
From: Cogito Ergo Sum  Respond to of 11633
 
Hi wbristow,
but not for short term holders.
Interesting. I look at it as a shorter term (kind of a safer E&P if you will) as they don't hedge much so are more subject to NG price swings. I traded it for good profit during the last NG bubble and maybe starting out with it now only near lows, I will have a bit of a different perspective. I took a position a while back for a swing trade but I'm open so we'll see. I've got lots of room for improvement. I still prefer for now those with a better hedging record though for LT.

regards
Kastel



To: wbristow who wrote (5203)12/31/2002 12:56:13 PM
From: Seeker of Truth  Respond to of 11633
 
NCF.un pays 90% of their cash flow to the unitholders. That doesn't leave them much to grow with. So one can expect more dilution from new unit issues than in the case of those which pay 80% or 75% out. This is just my inexperienced judgement. Someone more knowledgeable may disagree.