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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (30668)5/1/2003 1:35:48 PM
From: isopatch  Read Replies (1) | Respond to of 36161
 
Frank. No question about it. Comparing dual listed CanRoys

confirms this is a dollar driven resource play in US listings that extends beyond the metals.

Using Prime West as an example because it's had one of the bigger %age moves in the past few days so the divergence in the US listing vs it's Canadian counterpart shows the currency effect more clearly:

finance.yahoo.com

However, the divergence is more muted among Cannuk E&Ps that also trade in the US because the RTs offer a quicker play on the currency arb due to their huge monthly cash flow directly to investors.

Iso



To: Frank Pembleton who wrote (30668)5/1/2003 2:18:18 PM
From: c.hinton  Read Replies (1) | Respond to of 36161
 
Im not sure about your view of old europe holding the loosing hand.After all oil is getting cheaper for europe much faster than it is for the US everytime the dollar slips.And while exports to the us are important it is overshawdowed by inter european trade.Again us access to euro capital is perhaps more important than european exports to the us.


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