Energy Trusts -- Once in a Lifetime Opportunity
Full Story: messages.finance.yahoo.com
After Nov.1 late press release from the Canadian Government about imposing new tax restrictions on those of us that are owners of these Canadian Royalty Trusts.
The massive selloff was a given and expected.
To those of us that have been around awhile, this type of news and the following selloff represents an opportunity not to be missed and should be used as signal to add or increase the number of units of these companies to ones own portfolio. The size of the increase would all depend on the size of the rocks one sits on.
The way it stands now, any changes that would be made to the tax code that governs or includes the class of companies called Canadian Royalty Trusts would not take effect until sometime in 2011, if it gets that far, and chances are it will not. Still this change is 4 years away. Until than nothing is going to change within this sector, except for the falling unit prices of today.
I have also read that this sector(Canadian Royalty Trusts) will not be included in the upcoming tax revisions, if this is fact it will make todays price swing a chance to add at prices that we will never see again.
I kind of look foward to these panic, or herd selloffs. To me they represent the only real buying opportunities
that the markets have to offer.
Companies to look at today are (aav,bte,cne,erf,hte)
The one thing to keep in mind about energy and the companies that control this sector-
If you hold quality companies in this area long enough, you will in time walk away with a profit, or more than you started with. Until they come up with something better, this is the way it will continue to be. Take advantage of this fact, I see today as one of those times.....
pcyhuang |
