To: abuelita who wrote (10986 ) 11/2/2006 7:04:52 PM From: TobagoJack Read Replies (5) | Respond to of 217742 the move by canada officialdom was amateurish ... they ought to have grand-fathered old trusts and stopped new ones ... instead, they slaughtered and maimed, across all varieties of trusts except real estate even china officiadom know about grand-fathering and is wise to market perception, and most importantly, care about investors - because china is the most capitalist society bar hong kong, macau, taiwan, and perhaps usa, imo, at least trending that way, in this galaxy i mean, how does it sound, 'Canadian politicians reneged on promise regarding trusts ' ... most amazingly, in such a blatent way, ala putin of russia, for all practical purposes in so far as it is after all canada we are talking about however, this whole situation does create opportunities for folks who are willing to invest in non-income distributing corporate entities, as the trust investors exit, sell down, retreat, run away from, head out of town ... and the energy hungry players, corporates, funds, individuals rush in the trusts' assets are worth what they are worth, and any wobbling due to panic and circumstance will be a buying opportunity ... but, yes, slow does it of my two largest positions ... dear vermilion is still OK, giving back 11 months worth of capital gains, and precious canadian oil sands is still above its Jan 2006 mark .... so, all in all, OK. I had sold off most of my trusts back in the middle of 2005. I have been re-accumulating Baytex, as a sand play, and may buy more by and by bad taste in mouth, no question, and those politicians who did this unwise act in a most moronic way, they are not good leaders , for they are not qualified in any way, except for having fooled the people once