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Jim Cramer Canadian Trusts

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Date updated:11-15-2006

This is based on Jon Oggs post at 247WallSt.Blogspot.com.

Cramer on MAD MONEY said you can now BUY the Canadian oil trusts after they took a huge beating from the Canadian tax changes.

The Canadians allowed all TRUST shares to pass on a dividend TAX FREE, but the breaking of a campaign promise not to tax these trust as corporations was made. In 4 years there will be 35% of the dividends shaved off for Canadian taxes. He said the trusts fell 10% to 30% immediately on the news, which you know if you follow them.

He said the bounce started today and it will continue, but you are also getting a call option for essentially free that the new Candian legislation will be stopped or changed.

Here are his TOP 5 PICKS for Candian Trusts.

CNE
Cairn Energy Plc
$0.00
0.00%
$N/A

Yield: 19%

People owning CNE also tend to own: ALD BMY DSX GAIN GOOD HTE ML.TO

TheStreet.com Rating: No Rating What is this?

ENT
Enterra En Tr
$1.48
-2.63%
$1.51

Yield: 20%

People owning ENT also tend to own: AAV ABXA ADG AMAT AQR BGR BXL

TheStreet.com Rating: D What is this?

PGH
Pengrowth Egy Uts
$9.82
0.00%
$N/A

Yield: 17%

People owning PGH also tend to own: BGF CCI ELP FRG LNOP OPSW SSRI

TheStreet.com Rating: C What is this?

BTE
Baytex Energy Tr
$25.82
0.00%
$N/A

Yield: 11%

People owning BTE also tend to own: IAU INTC IOO IVV RNPCX TLT VFIFX

TheStreet.com Rating: B What is this?

PDS
Precision Drill T
$7.06
+0.57%
$7.21

Yield: 15%

People owning PDS also tend to own: AAV ABXA ADG AMAT AQR BGR BXL

TheStreet.com Rating: C What is this?

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11/08/2007 17:08 PM CST Asked by REDSOXFAN
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