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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?


To: johnlw who wrote (17805)9/22/2007 7:07:06 PM
From: Bearcatbob  Read Replies (1) | Respond to of 25575
 
"BCB
I assume you are wondering if the royalty rate increase applies to bitumen or synthetic crude.
My understanding is it applies to net revenue from whatever source."

If Connacher sells bitumen to some upgrader - I would assume the only royalty is charged against Connacher. If Suncor upgrades its own bitumen - what is the basis of the royalty?