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

To: energyplay who wrote (7010)	5/13/2004 10:27:10 AM
From: trustmanic	Respond to of 11633

The big picture is:- we have to accept that high oil price is a fact of life and oil will not return to the $25 level. Even some of the energy trusts hedge their production @ $25 to $30, as soon as they come out from the hedge they will sell their future hedge @ a higher price. Usually most companies hedge only a portion of their production so they can still benefit from the higher oil price. The world experience a high oil price not only because of the Middle East, but the high consumption of oil from US, China & possibly India. People like SUV and powerful car, they are burning all the gas on the road. The car industry seems to encourage that to keep more car on the road. Even the dogs like VKR and NVG should do well in this environment.

To: energyplay who wrote (7010)	5/13/2004 10:51:47 AM
From: Tommaso	Respond to of 11633

>> Buy a diverse assortment of royalty trusts, preferably at favorable prices. < Yes, and the way to get diversification and leverage, as you have probably heard me say, is Energy Split. Was just answering a question about this on another thread: Message 20124975