I bought my first oil income trust a few years ago and then dumped it several months back.One of the top income trusts that i follow{but do not own yet}hasnt moved an inch.This particular company is owned by some top traders and their not spooked yet. I would suspect this is a way to shake some weak hands out of their shares and for some sharks to come in and scoup them up.Something was going to happen sooner or later in the trusts. Even with the proposed 36% tax, a trust is still a good way to own a piece of a company.The main thing i'm questioning is the timing.There are alot of reasons to make me suspect oil is about to hit 100$ a barrel within 4 months but the trust decision has now reafermed this
Silverback-the bottom line of your balance sheet is the bottom line and what ever effects it, paper or not, is important.
If the information was released before hand it would be very easy to find out who profitted.
Silverback-the bottom line of your balance sheet is the bottom line and what ever effects it, paper or not, is important.
If the information was released before hand it would be very easy to find out who profitted.
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