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To: mishedlo who wrote (232192)	3/29/2003 10:53:12 PM
From: Joan Osland Graffius	Respond to of 436258

mishedlo, I also like ERF, but do not own it.

To: mishedlo who wrote (232192)	3/30/2003 11:28:26 AM
From: David Zgodzinski	Respond to of 436258

Here's what you get for one dollar Canadian of ERF market cap .063 barrel oil .51 thousand cu. ft. gas 16 cents (Can. ) of debt ( i do the numbers in loonies - the figures come from their last annual report, I haven't doublechecked them all) It'll take maybe 12 years to produce those quantities of oil and gas, so whatever you calculate as the value of the commodities, it'll take that long to get the money. Don't forget, it's not a dividend, it's mostly a return of capital - they are steadily liquidating themselves, though every once in awhile they do a takeover and sell more units to keep the game going. I own it and sometimes trade it. Not sure if I want to buy more or dump it right now