TJ222

I can't remember where I saw it, but it has to do with PWE and probably others building up a tax pool, so that they will be unaffected for several years after 2011. Of course its not certain that the tax laws will ever be implemented, the sp's have already discounted this as a certainty, so an added attraction of these trusts is the spice of a repeal. Even if the law goes ahead, I think many of these trusts are looking at MLP status, altho I'm no expert on this subject by any means. Sorry to be so vague, perhaps someone else can help? Trusts eye greener pastures, CEO says http://www.theglobeandmail.com/servlet/s...

I too have been buying the Canroys this week, namely PWI, PWE and HTE. I think these are suffering from the general deleveraging effect, as funds are forced to sell the good with the bad. These are obvious targets as they are liquid and likely to have been part of the carry trade given their high yields. I am watching the payout ratios and the life of proven and probably reserves. HTE on that front is around 60-70% and around 9yrs. I think these figures are very promising. I assumeing that part of the remaining 30-40% goes to an exploration budget with the ultimate aim of reclaiming the years as they pass - so for example next year HTE will ideally still have a 9 year life. Dr Bubb or anyone else do you know how successful they have been at doing this? I notice that HTE has a refinery business which helps diversify and means not all its income is subject to drawing down on reserves. Also PWE has an oil sands project, that could add signicantly to future reserves and revenue. Anyone like to comment on their favourite picks and benefits of the same. also I am reading that even if the tax changes take place in 2011, some trust eg PWE estimate that for tax reason they will be unaffected til a few years later!?