Are there any distinct disadvantage to buying these stocks for a 63 year old persons IRA? The 15%+ yield is nice, but you pay foriegn tax every distribution ... could that be a problem?
2007-01-19 05:50:57 · 7 answers · asked by Money Q 1 in Business & Finance ➔ Investing
Canadian Oil Trusts took a hit on halloween when the Finance Minister announced that he was going to change some tax laws concerning them. It has not been passed into law, there is a lot of opposition, but even if it does,,,there's about four more years to get nice dividends.
I'm invested in PWE ( another Can Oil Trst)...I think its great for one reason...the monthly dividend...its like another soc.sec. check being deposited in my account.
As far as the price of oil coming down ( as one answer suggested) I have to say: Oh yeah! Do you really think it will stay " down"...we need it , China needs it, the world needs it... supply is not increasing ( almost every well in every corner of the earth is putting out the max now) demand keeps increasing. ...and the places that we get oil from are not the most "dependable, stable, friendly places on earth!( Nigeria, Venezuela, Iran) Canadians are squeezing it out of shale and tar sands..... more expensive than drilling.....if the price gets "too low" they stop! ( not profitable) What happens to the price of what's left??
If you check out http://www.investorvillage.com
...and enter CANROYS in the "symbol box" you will see these trusts discussed by many, many savvy investors.
2007-01-19 11:35:38 · answer #1 · answered by jebediabartlett 6 · 0⤊ 0⤋
Hi there,
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Bye
2014-09-22 09:26:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Google 'Roger Conrad' -he's the draw close of 'Can Roys' - he has a e-newsletter - slightly expensive yet will stay away from a ton of money once you word how thorough he comments each can roy obtainable, complete with dividend yields, huge monetary comments... he ranks them in accordance at the same time with his opinion of which should be considered on the great of your record... He also promises you perception as to what agencies have particular edges and what makes them tick... i have self assurance can roys are between the perfect skill investments at present because the greenback is reliable so so that you could purchase extra stocks/greenback hostile to the Can$... Can's are way down in value because the marketplace has dropped and oil prices are decrease... so, getting into on the bottom - if greenback (even as) drops then you definitely receives a forex appreciation out of your stocks plus 15% to 21% dividend yields (sure, that prime) are adequate to make investments inspite of if share value in no way appreciates, besides the undeniable fact that, even as oil is going back up then you definitely get your third part - even as stocks get excitement from alongside with oil going up... So, seem it up - his e-newsletter is aptly named - "The Canadian part" cheers, wish this permits... Jake
2016-11-25 20:40:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You should have bought those stocks three to five years ago...
The 15% yield is not going to last forever; oil prices will fall sooner or later. And when that happens, distributions will be reduced and the stock price will fall.
2007-01-19 06:05:00 · answer #4 · answered by NC 7 · 0⤊ 0⤋
personally i would grab Uranium iif i were you. it has boomed like no other, and its not done yet, so snag it while you still can. about a year ago it was at 3 bucks a buy now its at 90 and still climbing.
2007-01-19 06:26:41 · answer #5 · answered by nightcrawler07@sbcglobal.net 1 · 0⤊ 0⤋
They are going to lose their tax favorable status in a few years.
2007-01-19 06:22:08 · answer #6 · answered by derek 4 · 0⤊ 0⤋
They HAVE already lost favourable tax status in Canada - stay away from them.
2007-01-19 18:43:59 · answer #7 · answered by Anonymous · 0⤊ 0⤋