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

To: Rick McDougall who wrote (6501)	12/10/2003 6:25:36 PM
From: bill	Read Replies (2) \| Respond to of 11633

See the weekly report by WGundy. They have VKR.UN dropping to around 4.75, I believe. In any case, I bought at 3.51 and 3.53. Seemed like there's been a turnaround from the wreckage. The further drop, if it were to occur, would be because WG has been making their predictions based on 24.00 barrel of oil. However, the trusts have been being valued for some time now on the very serious need for yield by a large part of the population. That throws all normal valuations out of kilter. One month of a 24% yield is worth 12 months of a GIC at 2%. George, as usual was in earlier than me and I assume bought close to the bottom. I dilly dallied trying to make up my mind about Viking, then decided that since PMT.UN had been such a good buy after they had a rough patch, I'd try the same with Viking. Given the murderous price drop in gold shares today, I wish I'd bought more risky oil and gas trusts and no gold.