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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (25989)	2/24/2005 6:51:42 PM
From: Taikun	Read Replies (1) \| Respond to of 312267

gg cox, In what sense? LEL.TO announces a trust conversion, the shares drop. FLO is bought by DAY.UN at a discount to its close. If these aren't signs of an overbought, overvalued market I don't know what is. The trusts 'charge' investors over $60,000 per flowing bbl, I can buy the same in a non-trust for $40,000. All this money chasing assets denominated in CDN$ has driven up those assets to the point where there are hardly any bargains. Do you see bargains? Is PEY a bargain? Peter Brieger was just on ROBTV telling people to look elsewhere? Aside from COS there are no O&G trusts with over 17 yrs RLI, Don Coxe's cutoff point for 'sustainability'. All I see is trusts charging big money for production and not replacing reserves on a per unit basis. Run the Q&D on www.oilpatchupdates.com and most of the trusts have dropping Q&D Y-O-Y. OK, perhaps the 'game', the 'bubble', isn't over yet. It is only a game of chicken, you know. The value is going. Among the commodity trusts where is value aside from COS, LIF.UN? Can you back it up with growing Q&D and a reasonable price per flowing bbl? If you just want yield there are some junk bond funds... David