Quote:
Originally Posted by calgarygeologist
The uncertainty regarding NDP policy as it relates to O&G created uncertainty in the investment and development market. The threat of sweeping changes to the royalty framework was a hindrance on new investment. You've been making the same economic claims recently against Smith and the Sovereignty Bill that were being made against Notley and her royalty review.
|
I'm in the biz as well, or used to be anyways...if we are talking heavy resource, big time capital investment (other than pipelines) is tied to extraction cost vs commodity value. Royalties, etc. are a pain but are really a piss in the tailing pond.