Selling Canada by the barrelFlaherty is such a cretin; if I were him I'd resign now before I looked totally devoid of intellegence. what an idiot; lol
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The Globe and Mail reports in its Monday edition that all may not be lost for Canadian oil companies in their quest to raise cash by selling assets without losing control over them. A Reuters dispatch to The Globe reports that Ottawa last year removed the tax advantages income trusts have enjoyed. The master limited partnership or MLP market in the United States may offer some key benefits that Canada's exploration and production industry lost with income trusts, say unnamed sources. MLPs could allow many Canadian companies to sell interests in low-maintenance, mature properties to investors. Shares in EnCana jumped recently when investors speculated it was considering folding assets into an MLP. "There's quite a movement afoot for MLPs to be created, much like the trust sector was here 10 years ago," said Provident Energy vice-president David Holm. As with trusts, investors buy publicly traded MLP units and get cash payouts to achieve a yield. General partners manage the assets. The numbers alone are likely to make companies take notice. According to Canaccord Adams, United States MLPs have an average value of $175,000 per daily barrel of output and offer a yield of 5.5 per cent.