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First Trust Multi Cap Value AlphaDEX Fund V.FAB


Primary Symbol: FAB

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of the Nasdaq AlphaDEX Multi Cap Value Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the index. The index is designed to select value stocks from the NASDAQ US 500 Large Cap Index, NASDAQ US 600 Mid Cap Index and NASDAQ US 700 Small Cap Index that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX selection methodology.


NDAQ:FAB - Post by User

Post by sonoutlawon Mar 29, 2005 3:14pm
224 Views
Post# 8825747

Compare to Ladyfern

Compare to LadyfernRead this /www.gasandoil.com/goc/news/ntn23237.htm> article is whole. Here's an excerp: Originally, Ladyfern was a Shell Canada prospect. In November 1999, Apache Canada bought Shell Canada's Plains unit; the discovery well was drilled in December. Prior to the closing, Shell had sold interests in the prospect to Murphy Oil and Beau Canada Exploration, keeping a 37 % non-operated position for its own account. The Ladyfern prospect was originally generated by Shell Canada, says Rob Spitzer, formerly with Shell and now a vice president at Apache Canada. A sizeable piece of Ladyfern Field is operated by Canadian Natural Resources, notes Steve Laut, vice president. "Shell had a lot of experience in the Slave Point, and we spent a significant amount of time and effort looking for fields like Hamburg and Cranberry," says Rob Spitzer, a former Shell geologist and now vice president of exploration at Apache Canada. Shell had the Ladyfern lead for quite some time, and had shot a fair-sized 3- D seismic survey over it. The firm also shot a small 3-D project over the Hamburg discovery well, and matched that to the Ladyfern data. "When we compared the 3-Ds it was pretty obvious what we were looking at, although we didn't know Ladyfern would be as big as it is." Operator Murphy Oil spudded the a-97-H/94-H-1 wildcat to the southwest of Hamburg Field, on the British Columbia side. The a-97-H well hit 13 meters of highly porous and partly dolomitised Slave Point at a depth of about 2,800 meters. The discovery tested at a rate of 100 mm cfpd of gas, and was tied into a pipeline in April 2000, selling 47 mm cfpd. Still, it was not immediately apparent how massive the find actually was. The partners drilled three other tests that winter-a second British Columbia-side well was dry, and two wells drilled in Alberta were capable of making 9- and 2 mm cfpd. Good results, but not thrilling. Initially, Murphy owned 33 % of the prospect and Beau Canada, 30 %; late in 2000, Murphy purchased Beau Canada, upping its position to 63 %.
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