NVG_UN.TO - Sell

Chart of NVG_UN.TO as of Sept. 23, 2005

Sell Price
$9.90 Cdn

Company
NAV ENERGY TRUST
Open-ended mutual fund trust which through its ownership of Navigo Energy Inc. earns an income used as the basis for monthly distributions to Trust unitholders. (i.e. oil/gas)

Reason
How can you lose money on an oil stock? Try buying this one! Anyway, after it's huge collapse a few months ago, it's made a nice comeback so I could pretty much call it even. I sold it because oil is showing signs of slowing down (finally), but more so because it's an income trust.

The gov't released news a couple days ago that they are going to crack down on income trusts. Too bad that news came out 3 days after I bought Gateway Casino.

I will be looking to sell all of my income trusts as soon as I can. If I really want to go back in oil, I will look for a pullback and perhaps try something like Canadian Oil Sands or Suncor.