Re: Canadian Oil Trusts

As I recall it wasn't that bad. I don't believe the trusts will be effected until 2011. I think the higher rate wouldn't kick in until after development costs have been recovered and then only on the amount above 40/bbl. Assuming all this comes about, I doubt it is any worse than those taxes in many other countries.

Jerry
"The Visitor" <kfhgihgsuidfgjsdl@xxxxxxxx> wrote in message news:wAbKi.4215$tx1.2779@xxxxxxxxxxxxxxxxxxxxx
I have the feeling they will jack up the royalties, but not to the extent they have indicated. What was it, 34% or something? Ugh!

What could go wrong?

John





Jerry wrote:
Oh, I'm not concerned. I posted with the intent of giving others what I believe to be a good bottom buying tip - they now appear heading back up from the recent dip - some of yesterday's biggest gainers were in these trusts.

Jerry
"The Visitor" <kfhgihgsuidfgjsdl@xxxxxxxx> wrote in message news:TS_Ji.2353$372.962@xxxxxxxxxxxxxxxxxxxxx

It will not work out that bad.
Things are settling down.

Just pre election sabre rattling.
(I hope.)

John

Jerry wrote:

These have been dropping for the last 8 weeks even though crude prices have been on an uptrend. They now appear to have bottomed and started an uptrend. For US shareholders, the dividend is even yet more favorable due to exchange rates. I own HTE and PGH.





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