Athabasca Oil Corp T.ATH

Time to settle down

[Maxmoe]

Time for crude to settle down near 70. Time for Ath to settle down. Big jumps fueled (pun intended) by penny flippers and day traders are okay but it's a 2 edged sword. A gradual long term accumulation by long term shareholders is what I'm looking forward to. That's how rich people invest I'm told, so let's do that!

[FirstClass]

YA  !  OH  YA  !   JUST TAKING A BREATHER   !!$$$$$$$$$$$$$$$$$$  AFTER IT HITS A $1.50 . STILL  LOTS OF GAS . FC .   

[Mindset]

Id be surprised if WTI doesn't settle down to around $66-68, and ATH to around .82 if that happens. 

[CandyC]

Summer holiday season. WTI will uptrend to $80 soon

[Maxmoe]

I keep checking to make sure it's real. It's been a great day,great week,great month, and a great year. Long way from 11. When they announce the refi is for half the bonds and at lower rates than current coupon, I might see an "unreal" day. The kind that makes me jitterish about not selling a little. But then I'll just go lay down until that feeling goes away. GLTA. 

[ManitobaCanuck]

Profit booking is always good.What goes up always comes down .  Granpa Max , remember the slogan . We are here for a million not hundreds or thousands . We are going to have a few years of oil bull market and the ride has just begun . I will probably sell 10% of my holding above 2$ and possibly in tranches after that. A few years of 100$ oil n this might go to 5 or 10$ too

[Mindset]

I ain't selling one share. No sense giving the govt 25% of my profit. Diamond hands. Lol.  $10 or bust. 

[ManitobaCanuck]

My investments are through my small business holding company . So ,only capital gains paid only on 50% and i use the small business tax rate deduction .Tax planning is the key

[Chris007]

TFSA is probably the most ideal account for holding these small cap energy investments.  No taxes on the gains. Yes, i suppose if things had gone the other way, you wouldn't get your capital losses. However, luckily, things have worked out nicely the last year, and its extra sweet to not have to share any of it with the taxman.

[fellowship]

Are you telling everyone that you are afraid of paying taxes ??? You invested 100 and turn into 100K but you dont want to make gains and pay taxes.  LMAO

[Chris007]

Thats exactly what i'm saying! No, but seriously...if you had the option to keep all your profits, why wouldn't you? I'm already paying income taxes on my employment income, consumption taxes on goods and services, and i'll eventually need to pay taxes on the tax deferred gains on my investments in my RRSP. Wasn't a particularly big fan of the Harper government, but I do

[Mindset]

Dude. Passive investments inside a Corp are taxed at the highest tax rate from dollar one. Active business income attracts the small business tax rate up to $500k. 

[ManitobaCanuck]

  From the 2019 tax year onward, certain Canadian Controlled Private Corporations (CCPCs) will have their small business limit reduced by $5.00 for every $1.00 of passive investment income that exceeds $50,000. See the link below .   https://kalfalaw.com/passive-income-rules-affect-the-small-business-tax-deduction/  

[Mindset]

So yes its a double whammy.  Passive investments within a corp are taxed at the highest rate from dollar one.  Small business tax rate applies only to the active component of your business income not your stock investments.  If you earn more than 50k in investment income via your passive investments ie. stocks, your small business tax rate increases. In other words, a $200k capital

[Mindset]

I'm doing my best to stay level headed and buy on weakness. I started at .235 and been adding more. Last buys where at .79 recently.  Last mention from management was that they were several months away from refinancing the debt. So hopefully I'll have time and cash to build even more by then. Thinking after Q3 they'll do it. Lots of cash by the. and credit is getting cheaper and