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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Keith J who wrote (197151)9/4/2016 8:48:52 PM
From: Joe Frigabaldi  Read Replies (1) of 206107
 
My tax assumption was that my IOC basis and purchase date for long/short term cap gains would transfer to the new XOM shares in the stock for stock exchange and the CRP payment, if any, would be max tax rate income for IOC shares in a taxable account. Do you see differently?

I voted yes based on how I view the deal today without regard to any view of BOD or Mgmt performance. If I thought the deal would fail, I would sell all shares.

My guess is XOM makes the deal work by taking the Elk-Antelope gas to their existing plant, maybe adding a train, vs Total building a new grassroots plant. Presumably XOM got govt buy in before making the deal but who really knows.
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