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Advantage Energy Income Fund (TSE AVN.UN)      Last updated  Dec 03, 2003

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Menal Patel.......Bank National.............Feb 11, 2004

Maintained SECTOR PERFORM

Price Target $12.75

AVN.UN Price day before: $17.45 Finish day of posting:$17.42Current:$17.42

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Dirk Lever.......Bank National.............Dec 03, 2003

Maintained SECTOR PERFORM

Price Target reduced to $13.25 from $13.50

AVN.UN Price day before: $15.77 Finish day of posting:$15.77Current:$17.42

--------August 19, 2003-------

(Please note this was taken from the report as is)

Maintained SECTOR PERFORM

Price Target reduced to $13.50 from $13.75

AVN.UN Price day before: $16.95 Finish day of posting:$17.00Current:$17.42

------May 19, 2003 ----------------

Maintained SECTOR PERFORM

Price Target reduced to $13.00 from $13.50

AVN.UN Price day before: $15.63 Finish day of posting:$?Current:$17.42

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Steve Larke ....... TD Securities……Jan 15, 2004

DROPPING COVERAGE

AVN.UN Price day before: $17.98 Finish day of posting:$17.64Current:$17.42

---------Nov 14, 2003----------

Maintained HOLD

Price Target $14.00

AVN.UN Price day before: $15.90 Finish day of posting:$15.89Current:$17.42

--------August 19, 2003-------

Maintained HOLD

Price Target raised to $14.60 from $14.00

AVN.UN Price day before: $16.95 Finish day of posting:$17.00Current:$17.42

-------May 20, 2003----------

Maintained HOLD

Price Target $14.00

AVN.UN Price day before: $15.63 Finish day of posting:$?Current:$17.42

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Brian Ector........Scotia Capital.............May 20, 2003

Maintained SECTOR PERFORM

Price Target $14.00

AVN.UN Price day before: $15.63 Finish day of posting:$?Current:$17.42

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Other Analysts Covering AVN.UN

 

BMO Nesbitt Burns.............Gordon Tait

CIBC World Markets............David Ramsey

First Energy Capital Corp.....Patrick Bryden

                                     

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