Re: New presentation
in response to
by
posted on
Nov 29, 2008 11:14AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
25 to 40% of net profit seems like a staggering burden to place on oil sands companies.
Yes it's a heavy tax .Why is government so greedy ?What is their basis for the tax rate ?As I have learned here Alberta is probably one of the best provincy in Canada?Has every province his own rules and tax system up there?Have you on top also a tax inning from Canadian State ?Maybe difficult for me to explain myself cause I'm not finding the right words?Has every state his own financial budget system .Looks like they will take the money where it's easy to get it.
You could probably be right that DG has changed some options due to the sinking wti pricebut yes it could be nice if we had some information what they had in mind .
We know they have suspend the MRC upgrade but if they go for more expansion on pod's maybe they shift idea's ona pipeline to reduce cost of transportation which can go much higher once Algar is running.