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

To: whitepine who wrote (23857)	6/17/2003 9:54:48 AM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 206175

Whitepine, I too forgot that natural gas and & oil are priced in $US dollars and therefore a rising loonie against the dollar would yield less loonies received for gas & oil--until you pointed it out to me herein. You are right--eventually this will have to have an effect on distributions---although if everything remained proportional--and that is a big if--the decrease in distributions to $US investors would be offset by the currency conversion increase to them. However, I speculate that the currency conversion rate in favor of US investors of Canadian distributions has skewed the stock prices on American exchanges for the O&G trusts listed thereon which eventually will not keep yields proportional. That aside--are you following the dialogue on the Canadian Reits and Trusts thread circa the potential forced selling by American INvestors of their CR trust shares due to the 50% residency requirement. This really impacted CR O&G share price yesterday. Onward & Upward. Bill