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Originally Posted by automaton 3
Not being an ass here but just want to point out that this is "our" money as Albertans that we're talking about here - not the "government's money".
And its not about "needing" more money, but what is fair and reasonable given all of the circumstances. Seems incredibly dumb on our part if we've been selling our very valuable, but very finite (especially natural gas which is getting used up at an alarming rate) products too cheaply.
There has to be a balance IMO...but even the mighty EnCana IIRC admitted that there may be some room to increase royalties.
Not to get OT but the Encana 1/2 page message in the paper pissed me right off. IMO it came across pretty condescending. If they don't like things here and your $6.5 BILLION dollar profit , then get the heck out and don't let the door hit you in the ass. I'm sure that we can find some other oil company to work for a mere "6 BILLION" in your stead. If others took it the same as me their ad probably did more harm than good.
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How much extra do you want?
Most of us are already benefiting from the 'finite' resources that our province has. Mostly through work.
Seriously....any company would want to maximize their profit....Encana said 'nothing' wrong....although it might seem a bit greedy to us considering how much money they're making.
Unless you want 'ralph bucks' each year.
A lot of good that does.
Now....a slight increase in royalties might not be a problem. But 20%? I don't think so.