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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (683)	9/22/2005 1:08:24 AM
From: Taikun	Read Replies (1) \| Respond to of 217710

EP, I have seen the Canadian gov't act before and I also don't like what I see with the trusts. For the first time I perceive political risk. Although this isn't a gassy trust do you have any thoughts on BPT? The 9% yield looks nice. I am thinking about how much of my trust portfolio I will divest and what I shall purchase. I will likely buy other high yield investments, other commodity plays and Asian shares. I might forgo some distributions but I am not sure what is going on in Ottawa and I worry one day we might take a hit because they decide to tax trusts, or forbid them from doing M&A. This would take maybe 20-30% out of my portfolio overnight. I always worried Canada might do this but never thought they would do it without consulting the investment community, but Canadian politics is like French politics and this is a money grab within the Finance ministry, run by the ministry not the politicians. The ministry collects power by increasing revenue. Of course they are minting it on the gasoline tax but they always want more. The I spoke to the CFO of Precision Drilling and realized they weren't consulting and are in shock also. That was when I realized how reckless the finance ministry is. Time to be much more careful, FRO, EGLE, PCU, EEP starts to look good. David