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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (12454)	10/5/2007 4:58:42 PM
From: SofaSpud	Respond to of 24935

I'd be quite surprised if it were implemented as written. If nothing else, they'll grandfather.

To: stan_hughes who wrote (12454)	10/5/2007 5:10:19 PM
From: Greg or e	Read Replies (1) \| Respond to of 24935

I can still hear the oil execs saying; no, actually they were crying: "if we could only get 20 bucks a barrel". If they don't want to pay a reasonable and fair royalty rate, then I say let them go to more stable countries like Iraq to do business. The Alberta economy is so overheated from the sweetheart royalty scheme now in place and the wasteful and inflationary way these guys do business that it is becoming impossible for the average person to live here. I don't want to stop development but the current pace is simply unsustainable. We could use a slightly slower but steady pace of development.

To: stan_hughes who wrote (12454)	10/9/2007 12:39:48 PM
From: Fishfinder	Read Replies (1) \| Respond to of 24935

I fully agree. Alberta's JOE Public and the beaurocrats running this review see all the PBG's and Suncors of the Alberta skyline going to the moon and figure now they want some. This review strategy really has nothing to loose even if the industry does slow. The oil is still there. And it isn't going to get any cheaper in the years to come. Its probably worth more to Alberta if they leave it in the ground for as long as possible. So this royalty thing is a win win for them no matter what. I used to have over 50% of my Portfolio in Alberta Oil and Gas. Since this announcement I have 5% left and selling. This includes my trusts. scott