Quote:
Originally Posted by username
Any increase in royalty is not supporting O&G.
The industry is bleeding right now - Cenovus last almost 700 million in the first quarter.
What a great time it would be to take a few more percent off their "profit" so the hold can be dug deeper.
Great idea NDP, let's "review the royalty structure" because the O&G industry is making so much money right now.
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I doubt that they would increase the royalty willy nilly regardless of oil prices.
Cenovus should know better than to budget with the best case scenario as the expected outcome. Funny, Alberta makes the same mistake as most of these O&G companies.
Spend, Spend, Spend, Oh crap oil isn't worth $90 a barrel anymore?
But yeah, lets continue the cycle.