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#1
10-07-2007, 01:07 AM
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Canadian Energy trusts
2 part question
1) When do the new tax laws go into effect? 2) I own Crescent Point energy trust, and am looking to buy another. CPGCF has returned 47% in just under a year, which does not include the $.20 per share per month dividend. Any suggestions? 
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#2
10-07-2007, 06:52 PM
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Re: Canadian Energy trusts
I actually bought CPG at around $18 earlier this year giving me close to a 13% distribution yield. The new regs come into effect in 2011 and I believe they discuss their plans on what they will do at that time on their website.
Also keep in mind that in a couple of weeks the Alberta government will decide on recommendations of a report to raise royalty rates by up to 20%. Alot of the oilco's have been hurt by this, but CPG keeps going up. Most analysts think this will be at $25 a unit in 12 months. I only own one other trust being Yellow Pages Income fund - yields around 9% right now and they have clearly indicated their plans once 2011 comes around.
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