Bob Sharron

CANROYs Remain Attractive as Oil-Related Investments

It appears that Jack is correct when he says that Irrationality prevails but ultimately the facts will speak loudly. I don't have any issue with his analysis. Sure, he placed himself out there to criticism for making statements about where he felt the unit trust value of PWE SHOULD be. The fact that it is not isn't an issue because ultimately it will get there. I personally own a signficiant number of units ($600k invested at an cost that puts me underwater presently.) But I can sleep at night because I know that I will be getting by roughtly 5k a month after taxes and also I will realize a GAIN on the value of the trusts by at least 20% over the next year to year and a half. If it takes longer - so what. At least it beat losing money in a bear market. (which most investors do- no matter what they may admit to themselves or others.)

So Jack, way to go. I am with you on this one. Patience is a virtue. A quick return is never a prudent way to gain true wealth.

Bob