Alberta Royalty Review (Oil plays)

Discussion in 'Trading' started by Sniemiec, Oct 25, 2007.

  1. Alberta had a royalty review on the amount each company is charged. The results are coming up quick.

    The report said to raise royalty rates by 20%. Oil firms said if it were to go up by 20%, they would pull billions of dollars in investment.

    Report is out they are increasing royalties by 20%.

    There will be a pre-pay out rate increase, from 1% to 9%. The pre pay out is what each company pays before they are considered a 'profitable' company or still in the start up phase.
  2. We (Alberta) are fvcked =)
  3. time to jet, edmonton is gettin gey anyways.
  4. HUGE reaction from the markets. (Sarcasm).

    They're shrugging this off pretty well.