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

To: Taikun who wrote (7770)	10/4/2004 12:50:38 AM
From: Cogito Ergo Sum	Respond to of 11633

T, re: hedges... I think tehy are/were trying to be more conservative as they haev heavy oil ... correct which sells a t a discount to WTI and the discount gets worse as teh WTI price drops... I think the goal of their hedging was as I recvall partially to maintain a constant ratio to the WTI price... Anyway it's on my radar but I'd sure hat to pay +13... :o) Kastel

To: Taikun who wrote (7770)	10/4/2004 9:32:04 PM
From: Bread Upon The Water	Read Replies (2) \| Respond to of 11633

Taikun: I am thinking of selling my ERF at $33 a share (and its .28 cents a share dividend) and buying twice as many APF shares for about $18.50 per 2 shares. This would give me about a .24 cents monthly distribution per 2 shares. Then I would take the approximately $15 per ERF share profit and roll that money into Suncor. I would have preserved most of the monthly income distribution (a net loss of .04 cents per two shares per month), and redistributed the profits into something that I feel has a lot more room to run. There are no tax consequenes of this exchange for me as it is in an IRA. I would be interested to know if you see a downside to this transaction that I have overlooked. thanks in advance. Bill