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Stockchase Opinions

John PriestmanGaz Metro Ltd PartnershipGZM.UN.TOBUYJul 30, 2003

Good trust, but very thinly traded.
$20.67

Stock price when the opinion was issued

gas pipelines
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BUY
Gas distribution in Montreal, Quebec city areas. Very high quality asset base. No growth profile.
HOLD
You have 4 years before the tax situation comes into effect and you don't have to make decisions right away.
HOLD
A very well-run business. If you're buying for yield, you shouldn't worries about the short-term fluctuations.
DON'T BUY
Shocked the market when it reduced its distributions, which it was never supposed to do because it was supposed to be a very stable, conservative trust.
BUY
A gas income trust located in Québec. It has a disadvantage in that Hydro is very cheap in that province. There won’t be a lot of growth. Good distributions and well-managed.