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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: AuBug who wrote (100359)	4/11/2004 5:00:09 PM
From: Tommaso	Respond to of 132070

I am very happy with Energy Split. So are other people: it has risen already as high as 10% above NAV. I keep thinking of buying more, and think it is still a buy, but I already have about 15% of my non-IRA investable assets in it and that seems enough. At current energy prices it yields nearly 20%, and any further rises would be leveraged into the income. Of course, as we always say, the leverage works the other way as well. Yes, it's even better for US citizens as long as the Canadian dollar keeps rising. And you get good diversification: 17 trusts--or 16 after Ultima is absorbed by PTF. Which brings up another possible benefit: increasing value from acquisitions and mergers. I probably should sell my earlier purchses of other Canroys and put the money into ES, but I might lose about 20% from the capital gains tax and the transactions fees.