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

To: Bread Upon The Water who wrote (7788)	10/5/2004 3:29:07 PM
From: energyplay	Read Replies (2) \| Respond to of 11633

I have not done detailed numbers for ERF yet,but they have about 25-30% oil and the ablity to increase production fairly quickly. With oil have moved WAY up, this should have a big kick to the bottom line - maybe enough to increase the dividend in a few months. Also, oil gets paid for in 30 days, natural gas in 60 days. So impact (like a large sack of silver dollars hitting the floor) could be pretty soon. I sold some TRGL, EGY and even some Paramount to buy ERF. I also bought a number of ERF calls last week.