RE:RE:RE:RE:RE:RE:RE:Budget 2024 LOL. Ok. Well it's only a 2/3 inclusion rate not tax and up 16% after $250k.
Also, when is the last time CJ recorded a capital gain?
As I said before they are fully invested and as of the last ER actually borrowing to fund investment. That may have changed with the recent uptick in oil but I don't see them borrowing more than the actual SAGD costs overshoot cap-ex and dividends before or after the inclusion increase.
There actually may be a slight upside in the fact that ME or any other large investor may have to think twice about divesting large share amounts in the future (2025). That is, if they don't dump it all this year to avoid it. Of course that would put them in another tax quandry.
No I think holding and collecting the dividend and waiting for CJ to increase production and decrease costs and then bumping the yield is still the way to go even for large investors.
GLTY and all.
UltraTired wrote: Maybe both?!.....lol
But a 2/3 capital gains tax now instead of 1/2 has got have them re-evaluating their plans as a business.
But I'm always open to hearing other views on that matter.