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

To: pls418 who wrote (28331)	12/20/2003 12:42:01 AM
From: whitepine	Respond to of 206322

Steve, I think the trusts are difficult to analyze rationally. There are rough metrics, but there are also so many variables: currency hedges, or lack of; future bought deals; current and future commodity hedges; drilling/access problems in the Spring if breakup is extended; relative decline rates; debt/CF - CF/distribution ratios; and, if you own in an IRA, the policy of your broker regarding withholding of the 15%. And, though mentioned less often on most popular canroy threads, certain brokers have surcharges for buying some trusts. Aside from gross yield, there are many factors which drive investor demand. AE's 100% return of capital seems more attractive for taxable accounts in the US, but beyond that, I have read many reasonable arguments why to buy X, compared to Y or Z. If you have a good strategy for entry/exit/appreciation/distributions, I think many who follow this thread would welcome your contribution. whitepine