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Provident Energy Ltd. Message Board

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  • DaveTny DaveTny Dec 4, 2007 4:04 PM Flag

    We are trading at levels not seen

    Don't panic. 12-15% return is great. owning a non-dollar asset based company is great. unfortunately, some people are mixing up balance sheet items and P&L items. it's difficult to know how they handled the expenses they had acquiring Tri-West. Dividends are why we own this stock and they intend to continue paying and their dividend and increase their assets. If oil falls and the US dollar goes up, then the earnings will be affected, otherwise, just sit back and relax. Oil might drop, but the US Dollar is in a world of hurt and I don't see Iraq,welfare or the housing mess disappearing soon and a sudden burst of high paid 20 plus somthings appearing to pay the bills

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