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I-Hate-Hulse · 10-14-2007, 10:15 PM

I see the angle you're trying to take but there's a big difference between routinely updating your investors on CapEx for next year, and saying "well... if these go through, thousands will be unemployed!!!"

Look at this map of Crescent Point areas:

http://www.crescentpointenergy.com/o...ing_areas.html

Lessee... gas is in the dumper...so forget the "red" dots. Stands to reasons they'd pump cash in to the area with 4.5 green dots, and not the one with 1.0 - regardless of the royalty review. Perhaps its not so much to do with royalties....

You are correct - companies press release on their planned capital spending routinely. What isn't routine is something like CNRL's vague threat (yes, it is a threat - nothing clear and defined here).

If the Panel’s proposals are adopted, many oil and natural gas activities in Alberta would be rendered uneconomic. Canadian Natural would have no choice but to reduce activity and, via our contractors, would result in an
estimated 3,900 less direct jobs and 16,000 less indirect jobs for Albertans.

10-14-2007, 10:15 PM	#10
I-Hate-Hulse Franchise Player Join Date: Jul 2003 Location: Sector 7-G Exp:	I see the angle you're trying to take but there's a big difference between routinely updating your investors on CapEx for next year, and saying "well... if these go through, thousands will be unemployed!!!" Look at this map of Crescent Point areas: http://www.crescentpointenergy.com/o...ing_areas.html Lessee... gas is in the dumper...so forget the "red" dots. Stands to reasons they'd pump cash in to the area with 4.5 green dots, and not the one with 1.0 - regardless of the royalty review. Perhaps its not so much to do with royalties.... You are correct - companies press release on their planned capital spending routinely. What isn't routine is something like CNRL's vague threat (yes, it is a threat - nothing clear and defined here). If the Panel’s proposals are adopted, many oil and natural gas activities in Alberta would be rendered uneconomic. Canadian Natural would have no choice but to reduce activity and, via our contractors, would result in an estimated 3,900 less direct jobs and 16,000 less indirect jobs for Albertans.