Canadian oil trusts get pounded

It would seem that the Canadian Finance Minister chose a very strange day to announce his future plans especially as the majority of those affected would not be so affected for at least 4 years.

For the stocks to go down so much seems a complete over-reaction,and somewhat typical.Investors have 4 years to decided whether they wish to hold their stocks,and the Canadian Govt may not even enact the proposal at all!!!.In polotics things happen and he may not even be the Minister of Finance in 4 years time.

I'm very disappointed to see my little nest egg melt like it seems to be doing. I feel somewhat like I am being "Enroned".

Well, the markets sent these moron politicians a message today. Too bad they won't get the message. Why? Because they are moron politicians, that's why.

Is thisnew tax a maybe, or a yes it is defininitely going to happen?

Can Politics influence business?

Try this;
Announce the imposition of a 26% tax overnight.
Criple Canadian energy in one foul move. Turn gas an oil production from a favorable investment and into a bad one. Forget about gradual transitions as good business would,--- just act! And watch your country,the electorate, Loose 26 billion in foreign capital investment overnight.
Therby proving, common sense is the rarest of all commodities.

Seems theytalk about raising this tax before and decided that it would not work so it was dropped. they hold 15% divs tax already before they give me my divs....

This idiotic proposal/announcement by Flanery has adversily affected the lives of millions of people and the economy of Canada. What drives this - - -greed of course. He and his friends probably sold short.

4 years is a long time,alot can change in that time frame.I dont understand the panic as its not 4 WEEKS from now.I will continue to collect the divs even though the price was battered in an unwarranted panic sell off.The way I view it is, I have 4 years to move out of them,and this bozo may reverse his decision.Politicians seem to ruin every country.

I am encouraged by these comments which mainly wonder why owner's are panicking at this early date about something that may never happen. Maybe this is a good buying opportunity to get an even higher yield over the next four years, by purchasing at the lower current prices now. The point that this politician may not even be around in four years is well taken. The short sale speculation is intriguing. I wonder if there is a way to check it out.

Interesting discussions I'll tune in again..