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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (99426)	4/21/2008 8:33:29 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206131

SaltnPeppa, Canadian juniors -- I believe these stocks are not reacting to the higher natty prices because of the confiscatory tax regime that now exists in Alberta. The after-tax benefits of higher natty prices on Alberta production are modest, as far as I can tell. This also explains why we are not seeing the Canadian gas-directed rig count coming back as strongly as one would have expected given the high natty prices. Granted we are in "spring break-up" period now, but even adjusting for that the rig counts up there are lower than would be expected.