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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (6246)	1/30/2006 1:23:38 AM
From: - with a K	Read Replies (1) \| Respond to of 25575

Perhaps I should've framed my "Buy Canada" differently, for those more risk averse or those sitting on the fence or those wanting simply to increase their investment exposure outside the U.S. After all, I posted it on the Oil Sands thread! ;>) I had updated my notes and shared it with some non-savy investment friends, so thought I would post it here. It's also a matter of investment style. At one point I had over 35% exposure to Canada, which I was comfortable with but some may consider too much. I put my mother and sister in EWC. My mother had no Canada exposure and it was my sister's second invesment choice, ever. Perhaps we should consider EWC as "oil sands on training wheels." It gives my mother 27% exposure to Canadian energy, 19% banks, 15% materials, 10% insurance, as so on. Perfect for her as puts around in retirement. I just see her with her seat belt on. etfconnect.com

To: Tommaso who wrote (6246)	1/30/2006 11:43:52 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 25575

do you know or does anybody else know if COS dividends are considered "qualifying dividends" (i.e., subject to 15% tax treatment) in the US?

To: Tommaso who wrote (6246)	1/30/2006 11:52:48 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 25575

I consider that with most of my investments and investment income denominated in Canadian currency, imo oil stock profits essentially follow the USD price of oil wherever the companies happen to be located, because oil trades in USDs. if CL goes up but CAD/USD goes higher, then CAD-denominated profits of COS, etc. will be lower (to the extent they are not hedged), but this decline in CAD profits will be invisible in the USD-denominated profits of the same Canadian co (except to the extent that CAD-denominated expenses, like labor, also rise relative to USD). Canadian energy cos usually provide a breakout of price sensitivity to CAD/USD fluctuations. essentially i think CAD/USD is a wash for energy investors, whereas it is not a wash for, e.g., investors in Canadian retailers.