For those that are confused about the tax issue, go on to the Advantage Energy Income Fund web site click on Investor presentations for Feb 5TH 2007, then to page 21. If the tax only equals 6% why would a canroy post on their site that the tax will be 31%??????????????????? U.S. investors will get screwed on this deal for sure.
You're right. Anyway,it's pretty much accepted that oil and ng will trade in alot closer range in 2007, then in 2008 look for a 5 to 10% drop in prices. Thats typical for this industry. But the tax issue is the big thing. I would love to own this and a few other canroys but unless I can see some real hope this tax bill will fail as presented, I'll just have to sit on the side lines. Sure miss those dividens
You're being brain washed by those that want to accumulate these stocks cheap. The truth is the net tax paid bi oil and gas corporations is 6%. If all other options fail, after 2011 reduce the dividend by 6% or about 1.5 cent a month. That's the real impact of this new tax law.
The turth is starting to creep out months later . . .
Does any corporation really pay anything close to 30% on its profits?