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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (23854)	6/16/2003 10:41:36 PM
From: whitepine	Read Replies (1) \| Respond to of 206161

William, We agree. Payments to US residents from CRT's in constant Canadian dollars means MORE US dollars. My point was and is: The CRT's earnings actually decrease as the Loonie rises. Thus in the ST, their distributions may not change, but above $.75, two NG producers with whom I talked suggested the currency appreciation will hurt their ability to continue distributions at current levels, ceteris paribus. I would not be surprised to learn future distributions will DECLINE. Since they earn US prices for gas, they earn LESS Canadian dollars/MCF. This is the part of the story many don't understand. There really is nothing to dispute. Call IR at 2 or more CRT's or NG producers and ask them to explain in detail how the impact of a rising Loonie affects their earnings. FWIW, I only called two firms; talked with one IR director and received an email reply from the Pres. of another. Story was consistent, so I did not call others. If I was misinformed by both, please enlighten me. whitepine