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

To: A Horse With No Name who wrote (9776)	9/25/2005 9:14:42 PM
From: Taikun	Read Replies (2) \| Respond to of 11633

A Horse With No Name, This is truly a heartache, and I have been prevaricating over what to do all day, but I now see the risk that came with the high yield. Firstly, if the trusts gap down at the open it may be too late to exit. Given the radio shows telling people to sell trusts this weekend, this is a distinct possibility. If I can exit, my initial reaction is to lower my total trust exposure by at least 1/4 up to 1/3. As my largest position is COS and I am keeping that, this will mean many of my other oil and gas trusts will be liquidated. I will keep some of the trusts w/ exposure to oil sands like PES, PHX, CET and WJX. I will keep VET for int'l, keep FEL.UN because I simply respect that company too much. I'll sell HTE and a few others. I will keep PDS, FDG and ERF calls and hold my FDG Puts (if I'm putted I will decide what do so then). Initially I will move to more cash, ultimately I want to increase NG positions and oil sands, as well as diversify a little into int'l high yield names. Over time, I may replace gassy Canroys with gassy US trusts HGT, SJT maybe CRT and MTR if I don't buy the Canadians back. mcdep.com (all have next 12 mo yields of 10-12%) I manage accts for others and will do the same there, increasing cash positions in all as the gov't has chosen to do this just as other high yield stocks and US trusts are in the middle of a run, so not many good entries. Best of luck to us all, David

To: A Horse With No Name who wrote (9776)	9/26/2005 3:32:59 AM
From: LTBH	Respond to of 11633

There are many ways to skin this cat without having a single Canadian Income trust. Among others, there are hundreds of US REITs of all flavors. US REITs have been around for 20 years or so and are a very well developed sector. My taxable portfolio of US stocks net me 12%+ after all expenses including margin interest, US state and US federal taxes ... this net also supports and includes several NON income producing stocks that are O&G startups/earlier stagers. This is how I keep my hand in the O&G sector while keeping CRAs hand out of my pockets. And there are many many such small early stagers out there that can provide major upside ... just takes time to find ones that suit your tastes and to do the proper DD. LTBH