Quote:
Originally Posted by GGG
The capital intensity of our projects is significantly higher than shale. The drilling cost reductions on the shale side were far more significant than the facility cost reductions realized on the SAGD sides. Long timelines for payback compared to shale where you get your money in and out quickly. The best reservoir being owned by currently producing assets and the realization that marginal assets at current prices do not warrant a 20-40 year investment.
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You're right. So adding on a carbon tax, increases to corporate taxes, higher personal income taxes and no access to global markets is going to help us compete globally? Or even with Sask?
Hence my comment - when is this government going to do something that actually helps Alberta become more competitive?