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

To: CusterInvestor who wrote (103680)	6/25/2008 11:39:57 AM
From: Tommaso	Respond to of 206093

COS.UN states they are not considering a US listing.

To: CusterInvestor who wrote (103680)	6/25/2008 11:43:48 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 206093

i think Coutu has said they aren't interested in one. maybe there are some regulatory hurdles, i don't know. also, they have been rather explicit in saying they don't want to attract too many US investors, and in fact they keep track of the percentage of Canadian investors. a US listing with an 8% dividend would probably overwhelm the Canadian investor percentage, and that might deviate from COS' original "mission" as a Canadian royalty trust. of course, with the government's betrayal of royalty trusts, COS may just get sold off to the highest bidder in a few years, once the trust status has no tax advantage. anyway, that's my best guess as to why COS has no US listing. of course, that doesn't stop anybody in the US from buying COSWF, but you don't see anybody touting them on CNBC like SU gets touted by Pickens, Gartman, maybe even Creamer from time to time. i would guess a US listing would pop COS 15-20%, maybe more given the sick dividend (i continue to think it should be capitalized to a 5% dividend, given its RLI). but, a US listing wouldn't increase the SIZE of the dividend, and in the long run a liquidity event such as sale to a major will be priced on some metric like flowing barrel or reserves, so i'm not too worried.

To: CusterInvestor who wrote (103680)	6/25/2008 11:46:42 AM
From: Kayaker	Respond to of 206093

Does Canadian Oil Sands Trust plan to list on a U.S. exchange? Canadian Oil Sands does not have a listing on a U.S. exchange and has no plans to acquire one at this time. In order for Canadian Oil Sands Trust to maintain its status as a mutual fund trust for the purposes of the Income Tax Act in Canada, the Trust must be considered to be primarily for the benefit of Canadian residents or hold 90% of its assets in certain non-taxable Canadian property. The Trust indenture under which the Trust was created currently provides that no more than 49% of the units of Canadian Oil Sands Trust can be held by non-Canadian residents. cos-trust.com