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To: TobagoJack who wrote (51784)7/24/2004 8:43:08 PM
From: Tommaso  Respond to of 74559
 
Many Canadian trusts seem to have 10-12 years worth of producing assets. To me, that argues well for the next 2-3 years at least. It will be much better to sit and collect 12-15% income (much tax-deferred) rather than watching stocks decline anywhere from 20% to 60%.



To: TobagoJack who wrote (51784)7/26/2004 4:52:29 AM
From: Taikun  Respond to of 74559
 
Hi Jay,

Trusts are <<some kind of medium term investment>>
*the girlfriend you date at college because she like your car
*the terrible entry level job you start at

These are all possible medium-term states of existence, but when I ;look at ERF, around since 1987, 12 tyrs RLI left, I can't help but think of all the junior oil companies that will become a part of a trust or who will convert to a trust. Then there are the American Majors rejigerring their operations and selling off the bits that don't fit the plan. I think it is possible for, say, PGX to be around in 29 yrs, through this process.

Is 29 years enough? What do we worry about? Can we all get to 29years. Will too many CanRoys spoil the punch? Not enough opportunity?

As soon as BC gets those Indian Claims cleared up, they expect to start working on one of the largest natural gas fields in Canada. Lots of gas off BC.

Still, lots of opportunity.