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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

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Message: Re: Price of Bitumen? /Royalties

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Jan 14, 2009 02:13AM

Marlboro,Brian,Lynn

Very good posts and I like your conclusions.

One thing I like to remind everyone who has short memory (like myself) that Alberta Royalist are apply based on the WTI prices. At this WTI price range there will be no much change to Royalties in compression to old regime.

The only change I can see in Alberta budget surplus will reverse in to the deficit. Poor Albertans who overwhelmingly supported the new Royalties will blame the government and not the OIL prices.

PS. Brian, I promise I will try to improve my English so I can understand more then 50% of you writing.

On the weekend I will post more on the Bitumen prices.

Lynn I am very jealous. Your affection to Tom Stanley and his past investment records will not let me sleep at night.

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