QUOTE:

On news of proposed added taxes on income trusts: We’re incredibly disappointed they would do something like this without apparent consultation, and expect this will have an absolutely huge, huge impact on Canadian capital markets—not just the trusts.

Any stock that had any possible premium built in for a trust conversion will implode tomorrow as well.

“Without the tax structure in place, trusts may have to stop deploying cash to such fields and overall Canadian [oil and gas] production will start to wane”

FROM: Reuters.com
Report By Jeffrey Jones and Scott Haggett