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

To: TobagoJack who wrote (7774)	10/5/2004 3:30:17 AM
From: Seeker of Truth	Read Replies (2) \| Respond to of 11633

Jay, I can confirm the same kind of results as Taikun. The best performing stocks in my portfolio over the last year have been CNQ and STO(and ES for tax reasons). Companies like that have two advantages over trusts: 1. The banks are less afraid of them hence the banks tend not to demand those, on the average money-losing hedges. 2. Since they keep the cash flow and most of the profits inside of the company, they can invest all of that surplus dough on E and P, whereas trusts(except Peyto) must issue new units from time to time, since they already gave the surplus money to their unitholders. Suppose the trust is selling at $20 a unit. They will sell the new units to a consortium of brokers at $18. The brokers instantly resell to their good customers at $19. The trust has lost that $2 difference. Now that Erita's arrival is no more than 3 days away, all the above is insignificant. o) Chugs, Malcolm