Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: trustmanic who wrote (5511)	2/21/2003 10:51:26 PM
From: bill	Read Replies (2) \| Respond to of 11633

Hung onto my AVN. Bought more AE but had to pay 4.17. Glad I sold my PWI.UN some time ago. Made a capital gain on it. Monday could see a substantial drop in price. Goes down low enough, it could be a buy. Something wrong with the company, though. I sold because I just didn't like the story that was coming out. PrimeWest Energy profit nearly wiped out; falling gas prices, rising costs 10:47 PM EST Feb 21 CALGARY (CP) - PrimeWest Energy Trust saw its profits nearly evaporate in 2002 as lower natural gas prices squeezed revenues and rising costs hurt the bottom line. The Calgary-based royalty trust reported Friday it earned just $620,000 or two cents a share for the year, down from profits of $79.5 million or $3.08 a share for 2001. Yearly revenues fell 15 per cent to $320.5 million from $378.2 million. The comany (TSX:PWI) attributd the profit decline to significantly lower natural gas prices, higher power prices, increased charges on its books and $16.7 million in costs associated with the trust's decision to restructure how its managed.