Veren Inc T.VRN

Oil stock will remain depressed untill June 25?

[sebastian2]

All Canadian oil stock have been disconnected from the crude price for about three weeks now.  This is a direct result of changes in capital gainst tax.  Lots of selling to realize capital gains at old rates before the June 25th deadline.  The stocks should catch up after that day but who knows.

[Moemoney42]

I agree and have commented on that previously.. saw a money manager on BNN yesterday that took a call about this exact topic..  The fellow (can't remember his name) didn't think there was a lot of trading related to the cap gain increase.. LOL.. ya right..!  He didn't think the "retail" investor would be affected... duh..!! Its the fund managers buddy..!! they'

[packerdriver]

First off, it's not "the 50% tax rate"...it's the 50% inclusion rate. Second, a fund manager is not an individual, who still gets the 50% inclusion rate for the first 250k capital gain. Your "fund manager" sounds like a business and therefore the new 66% inclusion rate would apply to the whole capital gain. If you're an individual and your stock trading produces an

[Moemoney42]

"First off, it's not "the 50% tax rate"...it's the 50% inclusion rate." You're right... my fingers were moving faster than my brain was at that moment and I missed the word "inclusion"  None the less, I think most posters understood my thought..?? Maybe not..?? Thanks for the correction to the post.. 

[Anschutz]

Yes we did. The socialist mind likes to nitt pick about words whenever it suits their argument, while ignoring the actual message.  It's a large part of why Canada's in the state it's in. Majority fail to see how the liberal/ndp coalition conspire to play word games with Canadians.  Too many assume they understand what Trudeau, Freeland and others are intending because