I like your argument about the HXB, I even think the March 11 puts are a good sell. If Congress passed the measures to help with loses, it will stabilize the sector for a couple of years. Today's home sales report indicates that we are still in the dark side of the moon, but the numbers are not depresion numbers, there is still business out there.
Citigroup Forecasts High Distribution Cuts By Canadian Royalty Trusts [View article]
I started to own canroys before they registered in the US, my first was in 98. A few things to consider before you jump into the present price decline: 1)Costs of extraction vs. price 2)Life of reserves versus replacement 3)Currency fluctuation Can/US
You can live with 3 been out of sync but you cannot own any if 1 and 2 are not in line with the market.
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Welcome to copy cat economy !!!!
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Today's home sales report indicates that we are still in the dark side of the moon, but the numbers are not depresion numbers, there is still business out there.
Citigroup Forecasts High Distribution Cuts By Canadian Royalty Trusts [View article]
1)Costs of extraction vs. price
2)Life of reserves versus replacement
3)Currency fluctuation Can/US
You can live with 3 been out of sync but you cannot own any if 1 and 2 are not in line with the market.
I hope I make it simple enough and it helps.