Quote:
Originally Posted by bizaro86
I would be super interested in knowing this as well. I believe CVE's Foster Creek is post payout, how many others are there?
It seems like that could dramatically increase royalties if some big projects reach payout, especially if prices are high when that happens.
Alternatively, it might spur expansions to avoid hitting payout, which would be good for hiring in the province.
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I was always curious about the economics of the above. Is it always worth the capital cost in order to defer your royalty payouts? Sure you are unlocking incremental barrels, but if you are doing expansions purely to continue to receive preferential rates is that the best use of funds flow?