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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (45752)	12/1/2011 9:07:40 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78471

EKS. Regarding SU: I have always liked the way oil analyst Charlie Maxwell talks. Now if he were just right about the future and his stock picks of SU and CVE: advisoranalyst.com

To: E_K_S who wrote (45752)	12/1/2011 9:16:48 PM
From: Spekulatius	Respond to of 78471

Canada has a crown tax on oil sands right now Canadian oil sands pays 6.5Can $/brl, which is pretty reasonable. I doubt that Vale for example can lay off the increased taxes to their customers, at least not in the short or medium term. Vale developed most of it's mines many years ago when Iron ore was at a fraction of it's current prices. So essentially Brazil captures some of the windfall that Value receives from the 3-4x price increase over the last few years. Newer development need to take these taxed into account which may make other ore sources more competitive.