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

To: Tommaso who wrote (7776)	10/5/2004 1:25:25 AM
From: Cogito Ergo Sum	Respond to of 11633

Mr. T FYI, stockhouse.ca Currently, duel-listed trusts are about 61% foreign owned while the overall royalty trust market is 44% foreign owned, Mr. McDonald estimates. Trusts with the most foreign ownership are Provident Energy Trust at 68%, Petrofund Energy Trust at 58% and Canadian Oil Sands at 57%. While this next part may offer some consolation it is of course only his opinion... I have to wonder about it... These trusts weren't at all well known 3 years ago... "The reality is that Canadian capital markets...cannot supply the capital needed to fully exploit our [oil and gas] reserves. The needed capital must therefore come from foreign investors," the Association said.