Canadian REITS, Trusts & Dividend Stocks Message Board

To: Taikun who wrote (8236)	12/3/2004 5:56:32 PM
From: a.handbag.	Read Replies (3) of 11633

BNE raised its distribution by one cent to 18 in October, then by another cent in November. It has now taken back that last cent. I don't think one can generalise "distribution cuts" from that rather flaky behavior. The thing that strikes me most about the geopolitical situation, and by implication the effect on the oil price, is that Bush has raised expectations that once elections are held in Iraq it will once again be "mission accomplished". I just don't see it turning out well. Elections are the easy part, although that is a stretch in that situation. The difficult part is having the results accepted and acted upon. Am I alone in thinking that Iraq is not going to settle down as a stable democracy, with foreign investment piling in to rejuvenate and develop the oilfields? I don't know what is going to happen, but I doubt it will be good for the supply side of the oil equation.