The Premier posted that Alberta had record oil production in the first quarter. That's great for the industry, and with TMX getting completed eventually and demand not falling dramatically anytime soon it would seem like the as built industry should be in good shape for years to come, including not insignificant investment in maintenance and replacement. With regulations, ESG, and construction timelines though it's unlikely there will be any major expansion in the future, so is this the new normal? A healthy mature business with decent employment but nothing like the boom days. Does it become a cash cow over time with the province wanting more royalties (since there's no new investment to scare off)?
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