Stelmach Royalty Increase Live WebCast 3pm TODAY 2007.Oct.25

[89coupe]

http://www.alberta.ca/home/

[finboy]

their server sucks, i can't get the thing to load, anyone got the details of the announcement?

[benyl]

I got on in time for question period...

[Weapon_R]

SO whats the verdict? Updates?

[HuMz]

Right as I started listening I heard20% increase, and royalites will fluctuate directly with the price of oil.

[benyl]

increase in royalties on the front end and the back end

[Weapon_R]

Good news

[benyl]

He keeps rambling on saying that it makes it predictable for suncor and syncrude shareholders.

[icecreamvan]

I just tuned in. I think I'm missing out on something.

Thanks for the link.

[benyl]

The new royalty regime will not take effect until January 2009.

[nos_efx]

1.4 Billion by 2010

[Canmorite]

Analysts on BNN calling for a down day tomorrow on the TSX and that they will be dumping some of their core holdings.

[Toma]

Had trouble getting it to load, but I am catching the question and answer...

Too much lead time... Jan 1 2009, but should shut-up the crybaby Oil guys.

Also, yeah, they are grading it so as prices rise, so do royalties... good news AS LONG as they capped the downside to no lower then it currently is.

[Toma]

Oh, and I was impressed hearing him speak and handle the questions....

As I watched, I was imagining how drunkard Klein woulda been stuck and bumbled his way thorugh lol

Sounds like he really compromised on the actual report to make industry happy though...

[Canmorite]

Originally posted by Toma

good news AS LONG as they capped the downside to no lower then it currently is.

Why? To potentially choke producers when the price goes down?

[sputnik]

Originally posted by Canmorite
Analysts on BNN calling for a down day tomorrow on the TSX and that they will be dumping some of their core holdings.

I think we will see a similar market day like we saw when the income trust announcement came through.

[Canmorite]

Originally posted by sputnik


I think we will see a similar market day like we saw when the income trust announcement came through.

Eh, I don't know. The trust announcement was a suprise, this we knew something was coming.

The analysts are contradicting each other. Some say down, some say huge down, some say it isn't so bad.

[Tik-Tok]

Originally posted by Canmorite


Why? To potentially choke producers when the price goes down?

No more than if they never introduced changes in the first place.

[Toma]

Originally posted by Canmorite


Why? To potentially choke producers when the price goes down?

Cause its supposed to be an INCREASE, not a decrease, and if prices fall (as they will), we need maintain the status quo.

[Toma]

EXCELLENT MOVE reminding everyone that any current decrease .... upto now, to 2009 is a reuslt of PRICE in the market.

I guess the hope is to drive it through the thick skulls of the idiots that still beleive the NEP caused Albertas hard times in the 80's.... and not prices and world economic condtions and interest rates...

lost cause.... but he is trying.

So how much did he water down the original reccomendations?