oilsands

5 High Yield Canadian Royalty Trusts

Excellent addition by Uncle Pie. Esp the note on the 15% withholding not applying to IRAs.
Overall, the growth of share prices long term will be substantial when the price of gasoline rises courtesy of the falling USD and increased demand for oil in India and Asia, not to mention the increased prices from recovery of deep wells.

Investors Jostle over the Oil Sands Prize

Think outside the box, friends. For sure, we do not want to continue helping the middle eastern Arabs who hate us. Bankrupting ourselves "to use their oil" is incredibly stupid.
Likewise, we do not need to destroy the planet to power our cars and computers. But all the whiners who insist on a single magic bullet to solve all problems keep denying that it is possible. I fear for the future of my grandchildren, both economically and environmentally. I also know that we can provide a much better future for them, but only over the objections of the vested interests who have no interest in the next generation.
Cheap oil is nearly gone. The price is just going up. We need to kick our addiction to petroleum for transport. Think what not buying all that Arab oil would do for our balance sheets.
Besides, the pipeline which China is having constructed from the oils sands processing plant to the port of Vancouver isn't there to provide oil to us. It is there to insure China's future supply. They don't need to own the production, only the transport.
There are hundreds of ways to beat the problem of power without buying Arab oil or despoiling the planet. Only the lazy and selfish deny that. My wife and I are happy to receive our oil checks, and have no fear that they will still arrive when we use natural gas, wind, solar, and hydro for energy we need. The value of oil for producing products will always be high; we do not need to burn it up.

High-Yield Canadian Royalty Trusts: What's the Catch?

P.S. When taking the foreign tax credit, one need not apply for a refund, it is just a paper credit, supported by forms sent to you by the royalty trust. No need to apply to the Canadian govt. Very simple, actually.

High-Yield Canadian Royalty Trusts: What's the Catch?

chazzzzz, the dividend does not disappear in 2011. The tax is on the dividend. Remember, under the foreign tax treaty, the amount collected by the Canadian govt is a tax CREDIT, not just a deduction.
Very nice at tax time. Don't know if the provincial tax will be treated the same way. For US citizens, the 15% Canadian withholding effectively reduces the net dividends so 14% becomes 12% - until you file your annual taxes. Then you get that withheld amount back in the form of a credit.
The only US corporate sector paying large dividends are shipping firms, and they are certainly volatile, as well.
As to the author's comment implying that the dividends of "normal" stocks do not fluctuate, that is asimply ridiculous.

Five Oil and Gas Trust Picks

Godd comments. I echo Jack's questions. I am surprised that Penn West is not on the list. Also PVX and AAV COSWF.