Investing Ideas
Canada's Secret "Oil & Gas Prosperity Plan" | Well, maybe not. Back to this weekend. The “thing” that’s missing in the reporting of the recent correction is a psychological perspective. You see, the 10-percent correction took the SPX into the red for the year. | |
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| Canada's Secret "Oil & Gas Prosperity Plan" |
| Friday, 26 October 2007 | |||||||||||
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Back in 1985, before the oil sands "rush" began, the Canadian economy was stagnant. So the government came up with an ingenious plan to encourage economic growth – and at the same time help ordinary people benefit from the profits of wealthy corporations. They passed legislation that allowed certain companies to pay NO corporate taxes. And many oil and gas companies in Alberta jumped at the opportunity to participate... As a result, the oil and gas sector has become the lifeblood of the Canadian economy today: It makes up 30% of value on the Toronto Stock Exchange The very same laws that allow these companies to operate tax-free require them to pay over up to 90% of their profits to shareholders. So how much money could you make? We're not talking chump change. Businesses that take part in the "Oil & Gas Prosperity Plan" literally pay out billions of dollars each year – typically in the form of monthly dividends. For instance, in 2006 one company that's part of the "Oil & Gas Prosperity Plan" paid out $527 million to regular folks like you and me. In the past three years, their payouts to investors have totaled $1.3 billion. Of course, as the price of oil rises, so do company profits... and that means even more money for shareholders.
That's why in the past 12 months I've taken three trips to Canada, to figure out exactly how Americans can cash in on the "Oil & Gas Prosperity Plan." What I found is a simple way for you to collect 48 checks in the next year – about 4 per month. In fact, if you move fast and take advantage of this Plan right away, these are the approximate dates on which you'll receive next month's payouts: November 15th, 19th, 25th and 29th. Even better, you can decide how much your checks total... If you want to collect an extra $1,000 per month, I can show you how to do that. If you want an extra $3,000 per month, I can show you how to do that too. Want $5,000 per month? I'll give you the details. Keep in mind: This has nothing to do with the big and popular Canadian oil companies you've probably heard of, like Suncor, Oilsands Quest and PetroCanada. Instead, what I found on my travels to Canada is far more interesting and potentially profitable. And even better for us– it's a story that is almost completely off the radar... Let me explain in full... The oil sands story no one is telling... Companies operating in Alberta's oil sands region have soared as much as 1,710% in the past 10 years. Revenues in 2006 reached a whopping $22 billion. But what's interesting is that there's a story no one is telling... In a nutshell, the situation is simple: There are a handful of companies that are providing the resources and services needed to extract oil from Canada's oil sands. In other words, they are the perfect "backdoor" way to play the oil sands boom – and lock in extraordinary payouts for at least the next decade. You see, trapped beneath the frozen tundra in Alberta lies a tremendous amount of oil--seven times more oil than Saudi Arabia's proven reserves... enough oil to last us 4,896 years. But for the past decade, oil companies have only been able to reach a tiny fraction of that gargantuan supply. Ninety percent of it was considered "unrecoverable" because a successful method for extraction did not exist. That is, until now...
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