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

To: LoneClone who wrote (13310)	10/31/2006 10:34:19 PM
From: michaelrunge	Read Replies (1) \| Respond to of 25575

Might there now be incentive to roll out of the trusts and into those vehicles not structured as trusts? If folks previously favored the trusts for tax purposes, they might now sell them and buy something else, now that there is no advantage.

To: LoneClone who wrote (13310)	10/31/2006 11:22:17 PM
From: Chuckles_Bee	Respond to of 25575

The new tax will be on all trusts, not just new ones. The existing trusts just get a 4 year delay. "The four-year phase-in tempers some of the impact for existing energy trusts, but overall the move will have implications beyond just the companies that now enjoy the favorable tax treatment" , said John Zahary, chief executive of Harvest Energy Trust "Frankly, it's not only our unitholders, it's our other stakeholders too -- our suppliers, our contractors, our employees ... would all pay the price of some negative decision," Zahary said. "...and expect this will have an absolutely huge, huge impact on Canadian capital markets -- not just the trusts," said David Carey, vice-president of ARC Energy Trust "Any stock that had any possible premium built in for a trust conversion will implode tomorrow as well," Carey said. yahoo.reuters.com Regards, CB.