Encana -OIl and Natural Gas – Prayer Is Not A Strategy : Get Out

Too little , too late

The company will outspend cash flow next year, with its cash flow of $1 billion to $1.2 billion reflecting a cash shortfall of $550 million, based on U.S. crude prices of US$50 per barrel and US$2.75 natural gas prices.

Our position: Analysts and the company executives are sleep walking past the graveyard.

Encana Corp slashes dividend and cuts capital spending

  • from Tuesday Financial Post

Encana Corp. is planning to “reset” its dividend next year as it adjusts to a protracted downturn that has seen oil prices decline to a six year-low.

The Calgary-based company said it is cutting its dividend by 79 per cent to six cents from 28 cents. The company’s stock tumbled more than eight per cent on the Toronto Stock Exchange on Monday.

“This reset better aligns our dividend with our cash flow or balance sheet and recognizes the very high quality investment options in our portfolio,” CEO Doug Suttles told analysts during a conference call outlining the company’s 2016 capital program.

Canada’s oil and gas sector is in the middle of an austerity drive, as one of the world’s highest-cost jurisdictions comes to terms with prices that have dipped below US$35 per barrel and have lost more than 50 per cent of their value in the space of a year.

The industry has lost 35,000 jobs since OPEC members started driving down prices by raising output in a bid to squeeze out high cost-producers in November 2014.

Canadian companies have responded by reducing headcounts, shelving projects, reining in capital expenditure and cutting dividends to protect their balance sheets — and there may be little respite in the new year.

Encana plans to cut its capital spending by 27 per cent next year to between US$1.5 billion to US$1.7 billion, with half the budget allocated to its Permian basin straddling Texas and New Mexico.

Indeed, the company plans to raise investment in its Permian operations to around $800 million from $700 million a year earlier, but will throttle back in Eagle Ford, and in the Canadian shale plays of the Duvernay and Montney, as it focuses on the most cost-effective play in its portfolio.

While the capital budget was in line with expectations, both total production and liquids production fell short of expectations, which will likely see our cash flow estimates come down with leverage increasing further,” wrote Kyle Preston, an analyst with National Bank Financial Inc. The analyst sees the company’s announcement as “negative,” and cut its price target to US$8 from US$10.

The company will outspend cash flow next year, with its cash flow of $1 billion to $1.2 billion reflecting a cash shortfall of $550 million, based on U.S. crude prices of US$50 per barrel and US$2.75 natural gas prices.

“While we do not see any near-term risk of breaching any debt covenants, we believe the budget may have to be revised down again if commodity prices remain at or near current levels for an extended period,” Preston said.

NONSENSE_ look where prices are – don’t base analysis on dreams:

Crude Oil & Natural Gas

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME ET 2 DAY
USD/bbl. 35.71 -1.64 -4.39% JAN 16 11:25:36
USD/bbl. 37.14 -1.31 -3.41% JAN 16 11:24:40
JPY/kl 28,540.00 -870.00 -2.96% MAY 16 11:26:00
USD/MMBtu 1.79 -0.03 -1.70% JAN 16 11:25:41

Read More on The Sector Sea Change at http://www.youroffshoremoney.com

 

Christine Till's photo.
UPDATE:

Data from the U.S. Energy Information Administration showed a growing glut, with crude inventories up 4.8 million barrels last week. Analysts in a Reuters poll had forecast a decrease of 1.4 million barrels.

“Only the staunchest contrarian could derive anything bullish out of that report,” said Peter Donovan, broker at Liquidity Energy in New York.

“The actual numbers were more bearish than all expectations, as well as more bearish than the API report released last night,” he said.

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Financial Planning 2016 – because you waited too long for Tax Haven Planning In 2015

The  Steps to  Your Offshore Success  :What Is Your Tax Plan for 2016

 

First Step : Identify your Goals – Why Go Offshore?

WHY GO OFFSHORE?

The motivations for individuals and corporations to utilize offshore planning and offshore companies include the desire to:

Reduce tax

Protect assets

Manage risk

Maintain privacy

Avoid bureaucracy

Reduce costs

Enhance assets

THE BENEFITS OFFERED BY OFFSHORE COMPANIES

 

More specifically, the reasons for going offshore and utilizing offshore

companies for tax planning and offshore business include:

Free remittance of profits and capital

Access to top-rated debt history jurisdictions

Access to tax treaties

Security of property rights

Accessing low cost areas

Banking privacy

Reduced taxation

The search for political stability

Your Investment Portfolio

Investment holding / wealth management

Professional services or consultancy

Patent, royalty and copyright – isolating payments to a no or low cost

jurisdiction

Personal and corporate tax planning

Step 2

Offshore Banking

Jack A. Bass and Associates has specialist expertise and knowledge of the

ever varying account opening and maintenance requirements of a wide variety

of reputable international and offshore banks.

Potential clients must understand that opening an offshore bank account is

not a simple matter and can be time consuming. Some offshore and

international banks may take longer than one month to open an offshore bank

account from receipt of a completed bank account opening package.

Consequently potential clients are encouraged to ensure that they provide

us with a complete picture of themselves and their intended business

activity.

Step 3

Asset Protection

The unexpected protective consequence of the LP structure is actually

what gave birth to Asset Protection. What the banks found out was that the

Limited Partners were unable to force distributions to pay their other

obligations. The big news was that neither were the banks, even when they

had valid judgments! They were only allowed the wimpy remedy of a “charging

order.” The net effect was that the banks were happy to settle for much

less than owed, rather than wait it out for an indefinite period with

General Partners that were friendly to their investor debtors, not to the

banks.

This was the birth of asset protection planning. Many of those investors

happened to be doctors. If it worked for banks, why wouldn’t it work for

malpractice suits or employee lawsuits? The answer was that it did!

Thus was born a new field of law: Asset Protection. Since the Limited

Partnership (LP) worked so well during the real estate crash, it became the

base of the new planning. However, instead of many different investors as

Limited Partners, the new Asset Protection planning used only the immediate

family members. Thus the LP became known as the Family Limited Partnership

(FLP).

Today, there are over two-dozen foreign jurisdictions that have enacted

specific asset protection legislation, including: The Bahamas, Belize, Cook

Islands, Bermuda, Nevis, Cayman Islands, Cyprus, Gibralter and the Turks &

Caicos Islands, to name just a few.

The Gold Standard is The Cook Islands Trust – note an asset protection trust is NOT a tax reduction plan – you still are responsible to pay taxes on the trust assets.

If you are serious about preserving your wealth, the  Asset Protection Trust is the most serious, well-thought out plan ever devised.

I cannot encourage you enough to take the time to educate yourself about the options available to you and how you can truly protect what you have worked so hard to create.

NEED ADVICE? The MAGIC Bullet Steps of Offshore Success

Your Goals –Combined With Guide Our Expertise

If you’ve found your way to this page, chances are strong that you’re a

value creator and want to keep more of the money you get as a result of

creating value. You can only rely on yourself – you cannot rely on a

government agency for your financial future.

We’ve Done All the Research

We’ve done all the research and conveniently gathered all U.S. and

International regulations pertaining to Asset Protection,Tax Havens, Tax

Planning,Offshore Banking , Information Technology, Physical Security,

Records Management, Privacy, and Third Party Invoicing into one place

An overview of our assistance with your goals:

There are dozens of jurisdictions, such as Luxembourg, Hong Kong,

Singapore and the British Virgin Islands that offer a great business

environment with fully legal tax benefits.We have to match your goals to

the right jurisdictions.

The Magic Bullet Step Number 1

The most important thing that you MUST do is seek advice from qualified

advisor – Jack A. Bass, B.A. LL.B. (someone who understands international

tax jurisdictions and tax law) . Your advisor must understand the benefits

of particular offshore jurisdictions. It is your responsibility to take

action.

In most jurisdictions you can set up your offshore company in as little as

a few weeks. We most often start the process with registering a company

name and sending in the right documentation and supporting documents for

the incorporation and a bank account(s) or merchant account for you and

your business. All of this can be conducted by internet on in rare cases we

will attend in person – for you.

The Magic Bullet Step Number 2

Specific Action – Move Your Assets To A Low / No Tax Jurisdiction

The key is in the planning and design. Clearly the most tested and solid

plans begin with an offshore jurisdiction.

Second to jurisdiction is the structure of your accounts – incorporation,

design, layering and bank accounts.

The Magic Bullet Step 3

Thirdly (more important for some clients than others) is what we call the

Asset Protection via Limited Partnership or Trust. This tool creates the

initial legal barrier between you and your money and whoever may want to

get at it. It is designed to hold “Safe Assets,” such as Stocks, Bonds,

Mutual Funds, Notes Receivable and other Liquid Assets. The LP may also own

membership interests in Limited Liability Companies (LLCs) that may have

been created to hold “Risky Assets” such as real estate, income producing

properties, boats, airplanes, etc. Once these risky assets have been

sanitized by placing them in an LLC, you can now safely hold those

interests. Importantly, LLC owners like the shareholders of a corporation

generally cannot be held liable for the acts of an LLC.

 

Contact Information:

To learn more about offshore company formation and structure your business

interests overseas ( again- at no cost or obligation)

Email info@jackbassteam.com

all email answered within 24 hours

or

call Jack direct at 604-858-3202 for a  one  half hour no fee consultation.

10:00 – 4:00 Monday to Friday ( same time zone as Los Angeles).

A business based overseas, coupled with an offshore bank account, is the perfect medium to build your wealth in a low tax jurisdiction. YOU CAN DO THIS and Jack A. Bass can help !

IF YOU WANT SOME HELP ON LOWERING YOUR TAX BURDEN  there is no cost or obligation to enquire and there is no benefit to inaction.

VIDEO

VideoJB offshore.mp4  The First Rule Is Safety

 

Linkedin  John Bass

Kinder Morgan ( KMI) / Shipping Sector/ Natural Gas – Why Chase Stocks Down ? – plenty of reasons to watch and wait

There was a recent video / interview of Jim Cramer saying his industry sector guru called $ 20.00 as the bottom but Cramer saw the stock in free fall and just did not know.

 

Kinder Morgan, Inc. (KMI)

Analysts have been split on whether Kinder Morgan’s dividends are sustainable as the pipeline industry’s ability to tap equity and debt markets to finance growth dimmed. The company’s stock has slumped 27 percent this week to $17.47 as of 12:34 p.m. in New York. Moody’s Investors Service warned on Tuesday that Kinder Morgan’s bonds were on the verge of tipping into junk.

“Dividend growth is unrealistic,” Vivek Pal, a managing director at Jefferies LLC in New York, said in a note to clients before the announcement. The company needs a 50 percent dividend cut to avoid being downgraded to junk, he said.

Prior to today’s announcement, Kinder Morgan had been expected to lift its 2016 dividend to $2.14, according to Bloomberg Dividend Forecasts. Companies across the oil and gas industry have been slashing or freezing dividends to conserve cash as plunging energy prices choked off money needed to drill wells, pay debts and purchase drilling rights.

Transocean Ltd., Chesapeake Energy Corp. and Linn Energy LLC are among those whose investors have seen payouts halted amid the crunch that began 18 months ago. Kinder Morgan’s $40 billion-plus debt burden exceeds the economic output of entire nations, including Bolivia and Bahrain.

We have no oil / gas stocks in the managed accounts.Braggin ‘ Rights – out of Chesapeake at $22

Chesapeake Energy Corporation (CHK)

We have no shipping stocks – Summary from Seeking Alpha

Dry bulk shipping unlikely to recover before 2017, consultant says
Dec 3 2015, 19:15 ET | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
Dry bulk shipping faces at least another year of pain, according to a new report from Drewry Shipping Consultants, which says companies in the industry will not return to profitability until at least 2017.Drewry says its dry bulk freight rate index fell 14.5% in September from August, and rates have fallen another 13.8% between September and November, although numbers for the full Q4 will not be available until early next year.”Demand has almost dried up,” Drewry’s lead analyst says. “China’s iron ore imports have stagnated, China’s coal imports have come down massively and India’s coal import growth has also slowed down.”Drewry forecasts demand for iron ore growing at 3%-4% over the next few years, but says demand for coal, especially in China, will not rebound any time soon.Related tickers: DRYS, SBLK, SALT, DSX, PRGN, EGLE, NM, NMM, SB, SINO, SHIP, FREE

Safe Bulkers Inc. (SB) – NYSE
$1.04-0.17(-13.64%)12:26 PM, 12/04 

Safe Bulkers Inc. stock chart
Today5d1m3m1y5y10y
52wk high:4.92
52wk low:1.03
EPS:-0.39
PE (ttm):N/A
Div Rate:0.04
Yield:3.31
Market Cap:$101.02m
Volume:450,843

Good Advice  DOES COST Money -and it does SAVE Your Portfolio

Tax Haven Wealth Management : GUARANTEE of 6 % OR YOU DON’T PAY

 

The key is to give yourself options. They may not love any of the scenarios, but providing choices usually leads clients to eventually embrace one.

Despite solid advice, some clients just spend too much. Others, like the married couple we’ll call Matthew and Elizabeth, diligently save but still run into retirement-planning problems.

Matthew and Elizabeth became clients of Jack A. Bass Managed Accounts a few years back, looking to manage their portfolio and put a retirement game plan in place. At 66, Matthew was considering retiring. Elizabeth could finally travel now that she was no longer the primary caregiver of her mother, who had passed the year prior. Together, we looked at their joint financial picture and analyzed the situation.

Then came some bad news: They wouldn’t be able to confidently cover living expenses if Matthew stopped working. They were shocked, because they’d done so much correctly—worked hard, lived within their means and consistently saved for retirement, putting away $2.3 million between retirement and non-qualified investments. Matthew even ran some preliminary retirement numbers online over the years to make sure they were on track.

Part of the problem was that Matthew’s planning assumptions were too rosy. He didn’t assume he’d have any variability on his portfolio returns, he didn’t assume he’d have health-care costs once Medicare kicked in, and he didn’t assume that retirement could last more than 20 years.

We projected that if Matthew retired at 66, the couple would only have about a 70 percent chance of being able to cover lifestyle expenses without having to make adjustments to spending over time; if either of them experienced a modest long-term care event that ate into their resources, they would achieve only a 65 percent success rate.

Their miscalculations aside, the other part of Matthew’s and Elizabeth’s retirement problem was that they, like many other people, put others’ needs before their own, in traditional “sandwich generation” style.

When their kids asked for help with down payments on houses, they obliged. When Elizabeth’s mom needed in-home help for a few years prior to her moving in with them, they covered it. Consequently, these unforeseen events ultimately put their retirement in jeopardy.

Working toward a solution

Matthew and Elizabeth weren’t happy to hear they weren’t on track to retire, but they appreciated having a framework from which to choose their solution.

Ultimately, Matthew chose to work 30 hours per week so that his company could continue to pick up their health-care costs (saving them about $1,000 a month in Medicare-related costs). The part-time work allowed him to take off every Friday, and that gave him the added benefit of “test driving” retirement.

He and Elizabeth also decided to downsize their home and buy long-term care coverage. The LTC insurance assured that their children wouldn’t be faced with the possibility of someday having to assist them financially.

As with all best-laid plans and good intentions, sometimes things go awry with retirement planning. However, by exploring alternative saving tactics, you can still achieve your goal.

Investment Management

Offered by Jack A. Bass Managed Accounts

We can administer your account via the internet so that you can track your returns and only you can transfer funds from that account.

Guaranteed Investment Performance

( minimum 6 % annual return)  Or You Don’t Pay

Our stock market letter :  www.amp2012.com

 

Information must proceed action and that is why we offer a no cost / no obligation inquiry service.

Email info@ jackbassteam.com or

Call Jack direct at 604-858-3202 – Pacific Time 10:00 – 4;00 Monday to Friday

( same time zone as Los Angeles)

The main intention of our website is to provide objective and independent information that will help the potential investor to make his own decisions in an informed manner. To this effect we try to explain in a simple language the different processes and the most important figures involved in offshore business and to show the different alternatives that exist, evaluating their pros and cons.

On the other hand we intend – in terms of  offshore finance, bringing these products to the average citizen.

Do something to help yourself – contact Jack A. Bass now !

A final word of advice – information without action will produce nothing in the way of improved investment returns.

Gold Plunges : Peter Schiff “It’s going to be a ‘horrible Christmas’ “

Well , a horrible Christmas for the folks who followed Peter Shiff’s constant refrain to buy gold.

( as opposed to AMP advice to sell at $1800 .

Gold

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME ET 2 DAY
USD/t oz. 1,086.30 -17.90 -1.62% DEC 15 11:24:10
JPY/g 4,286.00 -38.00 -0.88% OCT 16 11:23:43
USD/t oz. 1,089.56 -14.36 -1.30% NA 11:49:12
EUR/t oz. 1,014.24 -0.04 0.00% NA 11:49:50
GBP/t oz. 730.31 +4.41 +0.61% NA 08:28:35
JPY/t oz. 134,191.44 -210.72 -0.16% NA 11:48:54
INR/t oz. 72,028.75 -709.10 -0.97% NA 11:49:20

 

The Grinch has nothing on Peter Shciff .

On CNBC’s “ Futures Now ” Thursday, thecontrarian investor said that while Americans are wrapping presents this holiday season, they should instead brace themselves for “a horrible Christmas” and possible recession.

“I expect [job] layoffs to start picking up by the end of the year,” Schiff said, pointing to retailers as the first victim. “Retailers have overestimated the ability of their customers to buy their products. Americans are broke. They are loaded up with debt,” he said. “We’re teetering on the edge of an official recession,” and “the labor market is softening.”

For Schiff, there is no one else to blame but theFederal Reserve . As he sees it, the central bank’s easy money policies have created a bubble so big that any prick could send the U.S. economy spiraling out of control. And that makes the possibility of hiking interest rates slim to none.

Read More Oil driving markets, not Fed: Cashin

“The Fed has to talk about raising rates to pretend the whole recovery is real, but they can’t actually raise them,” said the CEO of Euro Pacific Capital. “[Fed Chair Janet Yellen ] can’t admit that she can’t raise them because then she’s admitting the whole recovery is a sham and that the policy was a failure.”

Related Quotes

According to Schiff, the recent rally in the dollar (Intercontinental Exchange US: .DXY) is “the biggest bubble that the Fed has ever inflated” and “it’s the only thing keeping the economy afloat.” The greenback hit a three-month high this week after Yellen said a December rate hike was a “live” possibility.

Read More Sorting out the influence of the strong dollar on revenues

“[The inflated dollar] is keeping the cost of living from rising rapidly and it’s keeping interest rates artificially low. It’s allowing the Fed to pretend everything is great,” Schiff said. “Eventually the bottom is going to drop out of the dollar and we are going to have to deal with reality,” he added. “That reality is we are staring at a financial crisis much worse than the one we saw in 2008.”

Schiff, a longtime Fed foe, has been doubting a rate hike for some time. And while his predictions for a stock market and dollar crash have yet to pan out, he has maintained his stance that the Fed’s hands are tied.

Correction: This article has been revised to reflect Schiff said the bottom will drop out of the dollar.

Get your tax haven planning in gear for 2016 Read more at http://www.youroffshoremoney.com

 

 

 

Lying Husbands + Bigger Divorce Payouts = Asset Protection Trusts

divorce court cartoon humor: Outside the Divorce Court.

 

London re-staked its claim to be the divorce capital of the world as the U.K.’s highest court ruled two ex-wives are entitled to larger divorce settlements because their husbands hid their true wealth.Asset Protection Trusts are the answer before and after divorce settlements.

Alison Sharland, whose husband Charles Sharland co-founded software company AppSense Ltd., originally received 10.3 million pounds ($15.8 million) as part of a settlement. She later found he had been having discussions with investment bankers about an initial share sale, valuing it much higher than originally claimed.

“By the husband’s fraud and the judge’s order, she had been deprived of her right to a full and fair hearing,” Judge Brenda Hale said handing down the ruling in London Wednesday. The U.K. Supreme Court said the lawsuit should be re-opened at a lower court. The decision could “open the floodgates for many previous divorce agreements to be revisited,” Joanna Farrands, a lawyer at Barlow Robbins, said in an e-mail.

Cook Islands, a Paradise of Untouchable Assets ( New York Times)

Picture a paradise where you can be lawsuit-proof. A place to hide your hard-earned assets far from the grasp of former or soon-to-be-former spouses, angry business partners or, if you happen to be a doctor, patients who might sue you.

Lawyers drumming up business say they have found just the place: the Cook Islands. And, thanks to a recently released trove of documents, it’s become clear that hundreds of wealthy people have stashed their money there, including a felon who ran a $7 billionPonzi scheme and the doctor who lost his license in the Octomom case.

These flyspeck islands in the middle of the Pacific would be nothing more than lovely coral atolls, nice for fish and pearls, except for one thing: The Cooks are a global pioneer in offshore asset-protection trusts, with laws devised to protect foreigners’ assets from legal claims in their home countries.

The Cayman Islands, Switzerland and the British Virgin Islands capture headlines for laws and tax rates that allow multinational corporations and the rich to shelter income from the American government. The Cook Islands offer a different form of secrecy. The long arm of United States law does not reach there. The Cooks generally disregard foreign court orders, making it easier to keep assets from creditors, or anyone else.

Win a malpractice suit against your doctor? To collect, you will have to go to the other side of the globe to plead your case again before a Cooks court and under Cooks law. That is a big selling point for those who market Cook trusts to a broad swath of wealthy Americans fearful of getting sued, and some who have been.

“You can have your cake and eat it too”, says Jack Bass. a tax strategist in Vancouver, Canada.. Anyone with more than $1 million in assets, his firm’s  (http://www.Youroffshoremoney.com ) site suggests, should consider Cook trusts for self-preservation, but especially real estate developers, health care providers, accountants, architects, corporate directors and parents of teenage drivers.

International regulators have become more aggressive in efforts to clamp down on tax haven countries, offshore banks and their customers, but they have paid scant attention to the Cooks. Yet Americans are the biggest customers of the trusts, which may be held only by foreigners, not Cook Islanders. The islands’ official website calls the Cooks a “prime choice” for “discerning wealthy clients.” There are 2,619 trusts, according to the Cooks’Financial Supervisory Commission, offering anonymity as well as legal protections. The value of the assets is not disclosed and it is against the law in the Cooks to identify who owns the trusts or to provide any information about them.

A close study of the Cook Islands documents by The New York Times and the international consortium shows that these trusts are popular with the wealthy in Palm Beach, Fla., New York and Hollywood.

Cook trusts provide security along with secrecy, officials say. “Asset protection is to provide a layer of insurance for something that cannot be insured — the unforeseeable,” said Bass.

There is nothing illegal about setting up a Cook trust, and putting assets into one does not eliminate the requirement to pay taxes on those assets’ earnings. But the trusts have a following among those who suspect they could be sued: doctors facing malpractice suits, businessmen avoiding creditors and some who have been sued by the federal government.

Even the United States government has had a hard time going up against a Cook trust. In a lawsuit that has dragged on for years, Fannie Mae, a government-sponsored lender, is still waiting to collect on a $10 million judgment against an Oklahoma developer who defaulted on his loans. In legal filings, Fannie Mae says it has collected only $12,000 — and “that is not for lack of trying.” The “clear purpose” of the trust, Fannie Mae’s complaint said, “is to avoid payment of the judgments obtained by Fannie Mae,” efforts that the agency called “brazen.”

  • Tax Planning  International Services  Contact Information

    • OUR Services – direct and via affiliates –
      • Company formation
      • Trusts
      • Tax Planning
      • Asset Protection
      • Estate Planning
      • Wealth Management ( wealth management through Jack A. Bass Managed Accounts )
    • Start by communicating with Jack A. Bass B.A. , LL.B.

You can save your money by setting up your International Business Corporation , banking accounts and trading accounts with the leader in tax strategies Jack A. Bass, B.A. LL.B.

Creating Your Tax Haven Action Plan

Reading – but not taking action ? Don’t fool yourself.

We’ve Done All the Research
We’ve done all the research and conveniently gathered all U.S. and International regulations pertaining to asset Protection,Tax Havens, Tax Planning,Offhore Banking , Information Technology, Physical Security, Records Management, Privacy, and Third Party Invoicing into one place

An overview of our assistance with your goals:

There are dozens of jurisdictions, such as Hong Kong, Singapore and the British Virgin Islands that offer a great business environment with fully legal tax benefits.We have to match your goals to the right jurisdictions.

The Magic Bullet Step Number 1

The most important thing that you MUST do is seek  advice from a qualified advisor – Jack A. Bass, B.A. LL.B. (someone who understands international tax jurisdictions and tax law) . Your advisor  must understand the benefits of particular offshore jurisdictions. It is your responsibility to take action.

In most jurisdictions you can  set up your offshore company in as little as a few weeks. We most often start the process with registering a company name and sending in the right documentation and supporting documents for the incorporation and a bank account(s) or merchant account for you and  your business.All of this can be conducted by internet on in rare cases we will attend in person – for you.

Contact Information:

To learn more about offshore company formation and structure your business interests overseas  (at no cost or obligation)

Email info@jackbassteam.com ( all email answered within 24 hours) or

call Jack direct at 604-858-3202

10:00 – 5:00 Monday to Friday  ( same time zone as Los Angeles).

A business based overseas, coupled with an offshore bank account, is the perfect medium to build your wealth in a low tax jurisdiction. YOU CAN DO THIS and Jack A. Bass can help !

However, the truth is developing a tax strategy is not the same as walking into the mall and opening a checking account in fifteen minutes.

Tax Haven Savings – Contact Information

Are you finally taking the step to tax freedom by incorporation and banking in a low tax jurisdiction? and if not why not ?

Information must proceed action and that is why we offer a no cost / no obligation enquiry service.

Do something to help yourself – contact Jack A. Bass now !

We will discuss your goals and tailor the solution to meet your requirements.

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Trading Alerts : Sell Side Success August 5 a.m.

Happy And Satisfied Guy Holding Up A Bunch Of Money 1

 

Chesapeake ( CHK) $7.27 down .68

Linn Energy ( LINN)  $3.13 down .31

On Deck ( ONDK)  $9.75 down .72

Lumber Liquidators ( LL) $1375 down $4.61

 

Portfolio Management : Engagement Process for Jack A. Bass Managed Accounts

The Engagement Agreement authorizes us to officially act on your  behalf and also provides for protection of confidentiality in regards to the dissemination and distribution of your sensitive financial information.Generally you will name Jack A. Bass as a person allowed to trade your portfolio – BUT without any authority to remove funds from your account.You retain full control.

Due Diligence. Once our company is engaged, we undertake the required due diligence to confirm and verify the necessary information required to execute your request.

Evaluation. After due diligence we evaluate your company’s current value and estimate future value based on recent market and other comparable data.

Fees. Engagement Fees are  NOT based on the number of hours and direct costs required to complete due diligence, perform an evaluation, and prepare the necessary information to support your request that we act for you.Our initial review ; also includes performing financial analysis, conduct competitive comparisons, in- depth financial reviews, and validating the necessary information to prepare the most compelling portfolio related to your needs.

We earn our fees by performance :

1 % per year as administration

20 % of annual portfolio gains calculated twice a year

There is no cost or obligation to contact us

 

Email  info@jackbassteam.com

all email replied to within 24 hours

or

 call Jack direct at 604-858-3202

Pacific Time Zone – same time zone as Los Angeles

Main website http://www.jackbassteam.com

http://www.youroffshoremoney.com

Braggin’ Rights In Oil Sector Avoid Call : A Race To The Bottom

 

We received the most angry email at info@jackbassteam.com with our articles to sell the sector and in particular Chesapeake ( then at $22), Linn Energy and Chevron-now here are today’s’ results:

Brent oil dropped below $50 a barrel for the first time since January as Iran vowed to boost production immediately after sanctions are lifted and manufacturing in China slowed.

Futures in London fell as much as 5.2 percent, extending July’s 18 percent drop. Irancan raise output by 500,000 barrels a day within a week of sanctions ending, the state-run Islamic Republic News Agency reported. A Chinese private factory gauge released on Monday slipped to a two-year low in July, while an official index on Saturday dropped to a five-month low.

Crude slid into a bear market last month, joining a broader slide in commodities amid expanding supplies and signs of slower Chinese growth. Iran’s nuclear deal with world powers fueled speculation about when and by how much it will lift output. Sanctions against the nation should be lifted by late November, the Iranian Oil Ministry’s Shana news agency said.

“The quick recovery of the market is becoming more of a mirage,” Helima Croft, chief commodities strategist at RBC Capital in New York, said by phone. “Right now we’re in a race to the bottom. Oil producers are pumping what they can in the hopes that someone else will cut first.”

Brent for September settlement dropped $2.23 to $49.98 a barrel on the London-based ICE Futures Europe exchange, at 12:48 p.m. in New York. The contract touched $49.52, the lowest level since Jan. 30. Prices are more than 20 percent below this year’s high on May 6, meeting a common definition of a bear market.

Bottom-Seeking

West Texas Intermediate for September delivery fell $1.72, or 3.7 percent, to $45.40 a barrel on the New York Mercantile Exchange. It reached $45.11, the lowest intraday price since March 20. The U.S. benchmark crude traded at a $4.58 discount to Brent.

“We’re in a commodity downdraft and it’s spreading to other asset classes,” Mike Wittner, head of oil market research at Societe Generale SA in New York, said by phone. “China, Iran and Greece were the triggers for the move down. We’re not paying much attention to Greece anymore but China and Iran are still in the forefront.”

Iran plans to double exports, IRNA reported, citing Oil Minister Bijan Namdar Zanganeh in an interview with state TV. The Islamic Republic produced an average of 2.85 million barrels a day last month, compared with 3.6 million at the end of 2011, according to estimates compiled by Bloomberg.

Iranian Payoff

BP Plc and Royal Dutch Shell Plc are among the energy companies that have expressed interest in developing Iran’s reserves, the world’s fourth-biggest, once sanctions are removed. Iran had the second-biggest output in OPEC before U.S.- led sanctions banned the purchase, transport, finance and insuring of its crude began July 2012.

“The biggest winner in OPEC over the past year is Iran,” Croft said. “‘They are getting a financial payoff as a result of the deal.’’

A China factory index for July released Monday by Caixin Media and Markit Economics came in at 47.8, a decline from 49.4 in June, indicating the effects of easier monetary policy have yet to kick in. The country’s official Purchasing Managers’ Index was 50 in July, down from 50.2 in the previous month. Numbers above 50 indicate expansion.

‘‘The Chinese data continues to look grim, which with the Iran headlines makes for a one-two punch for the oil market,” John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund, said by phone.

Hedge funds reduced bullish bets on WTI to the lowest level in five years. The net-long position in WTI contracted 7 percent in the week ended July 28, U.S. Commodity Futures Trading Commission data show. Money managers cut their bullish stance on Brent during the same period by 37,527 contracts, the most in a year, according to data on Monday from ICE.

Portfolio Management : Engagement Process for Jack A. Bass Managed Accounts

Portfolio  Management : Engagement Process for Jack A. Bass Managed Accounts

The Engagement Agreement authorizes us to officially act on your  behalf and also provides for protection of confidentiality in regards to the dissemination and distribution of your sensitive financial information.Generally you will name Jack A. Bass as a person allowed to trade your portfolio – BUT without any authority to remove funds from your account.

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