Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Senior who wrote (46448)	2/3/2012 1:00:18 PM
From: E_K_S	Read Replies (1) \| Respond to of 78666

Canadian Tax & Foreign Taxes withheld generally I try to buy all my Canadian companies in the IRA to avoid that withholding tax. I have sort of given up on that in the taxable account and now consider the overall position: the assets the company owns (some very nice Canadian Oil assets), the relative dividend post 15% with holding, the long term capital gain potential and the benefit of holding foreign assets (in non $US dollar terms). The last item is an important consideration (for me) especially in terms of how much debt the company has and on how their LT loans are paid pack (paid back in U.S. dollars and/or some other basket of currency). Also, I look at where their revenues are generated and what countries they are derived from and in what currency. Finally, I now find a larger benefit (for me) to itemize the tax with held rather than filing the foreign tax credit forms. It's different every year but seems to be a bigger benefit for me especially w/ my State (ie CA) tax forms. I find having the foreign company mix in the taxable portfolio a bigger overall benefit than having the foreign tax withholding. Some of my good Foreign dividend payers that withhold include: AAUK, BHP, AGGPY, PVX, VALE, NSRGY, COSWF, CSUWF, MGDDY, GGB,& MNHVF. Also since ERF & PWE are now corporations (w/ assets owned in the U.S.), they are still subject to the foreign tax with holding. Therefore, I give it some consideration but try to keep the IRA diversified w/o having too many Canadian companies in that account. EKS

To: Paul Senior who wrote (46448)	2/13/2012 1:57:10 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78666

ERF: Adding more Enerplus today. McDep buy recommendation 1/20/12, posted 2/12: mcdep.com

To: Paul Senior who wrote (46448)	4/26/2012 2:42:13 PM
From: E_K_S	Read Replies (1) \| Respond to of 78666

Canadian Oil Sands Limited (COSWF.PK) Sold my COSWF in the taxable account and booked a small gain. I have already bought a similar position in the IRA (unfortunately at a slightly higher price). I plan to use the proceeds to add to my HES position. Given the recent sell off in the stock, I am going to wait a few days to see if there might be some more frustrated sellers. There seems to be too much agreement on HES at the current price, I wonder if we are missing something? FWIW, COP will spin off their refinery business into Phillips 66. I plan to sell 50% of those shares and re-invest the proceeds back into the new COP. Update: The Conoco Phillips/Phillips 66 Spin-Off And A Buying Opportunity For Conoco Phillips seekingalpha.com Have you decided what you will do with the new COP pieces: COP & PCX? EKS