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Author: TimoDOZ Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 15  
Subject: Oil Sands vs US $ Date: 10/4/2007 7:17 AM
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The excitement has subsided. Some of us have lightened up a little. I still have another limit sell order in at over $5.50. As for seeing less than $3/sh It seems unlikely. I believe value investors will flock to BQI if it slides to below $3. We hit $80 oil quicker than expected. Limit sell orders are good. Most US investors in Canada are "laughed" at and ridiculed for their dogmatic minds and being Laffer curvers. It seems the more speculative investing crowd are not aware that Canada is a foreign country. Like alot of other nations rich in Nat resources they are not so eager to allow any group of investors to extract their exaustible treasure with out paying for it. Canada last year at this time announced "draconian" new taxes on Trusts. US investors almost exclusively invested in O & G trusts were up in arms over this "grossly unfair" "ill conceived" new tax. It was in fact more a tax situation out of control that Canada addressed. They were not singling out US shareholders but even included the "Swiss water Decafienated Water Income Trust". The clever exstrangeros Boston pizza trust and MacQuarie Tust were rounded up with all the other suspects. Despite the whole asset class getting crushed by this tax policy in last years tax selling many if not most of the Nat resource stocks have made new highs in the intertwining period to date. HTE hit $34 and ATBUF is nearly $12. I have lately lightened up on BTE and PVX for some very big total returns as their dividends kept on rolling out. Now recently Mr Flaherty has been banging on the cash register again. More new royalty taxes are being proposed. The problem is not that Canada has taxes and may even increse them on very profitable industry is not creating less of anything in Canada. The Laffer curve has fallen off the chart in Canada. Canada has a strong, currency, a vibrant economy and evan an up comming Olympics. Things are great in Canada. The US does not have taxes. If we just cut taxes some more and at the same time raise Gov't spending some more some how 4 million Americans losing their homes to predatory lending and the near years finanacing of the imaginary Social Security trust fund will go away. We in the US are in deep trouble. The Fed may again lower interest rates in a few weeks. They are now on the verge of losing their credibility. The genie is out of the bottle! "Greater than the tread of mighty armies...." If the Chindians and Arab sovereign Funds just stop repurchasing US Gov't Debt which is now recognized as paper fiat money and use the proceeds of maturing US Gov't bonds to start buying the Dow Global Titans we are going to be in for a huge rally in stocks. Especially anything oil & Gas or Nat resource related with intrinsic value. Interest rates however are going to surge dramatically and the Fed will be powerless to stop that. If you are not getting your money off shore now in BRIC, Canada,western Europe and the pacific basin you had better start soon. Sell your US midcap and small caps as they are aboot to be crushed. Get into US company MEGACAPS that do lots of business over seas. BQI is good to own as we are now heading for +$100 BBL oil soon even as those stupid Canadians raise more taxes to pay for their guns AND our cheap butter.
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