their server sucks, i can't get the thing to load, anyone got the details of the announcement?
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I got on in time for question period...
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SO whats the verdict? Updates?
Original Post NAZI Moderated
Originally posted by r3cc0s
Felon or Mistermeiner
Right as I started listening I heard20% increase, and royalites will fluctuate directly with the price of oil.
increase in royalties on the front end and the back end
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Good news
Original Post NAZI Moderated
Originally posted by r3cc0s
Felon or Mistermeiner
He keeps rambling on saying that it makes it predictable for suncor and syncrude shareholders.
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I just tuned in. I think I'm missing out on something.
Thanks for the link.
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The new royalty regime will not take effect until January 2009.
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1.4 Billion by 2010
Analysts on BNN calling for a down day tomorrow on the TSX and that they will be dumping some of their core holdings.
Originally posted by 89coupe
I do get great service there, especially when I mention my name, haha.
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.
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...
Last edited by Toma; 10-25-2007 at 03:23 PM.
Why? To potentially choke producers when the price goes down?Originally posted by Toma
good news AS LONG as they capped the downside to no lower then it currently is.
Originally posted by 89coupe
I do get great service there, especially when I mention my name, haha.
I think we will see a similar market day like we saw when the income trust announcement came through.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.
Eh, I don't know. The trust announcement was a suprise, this we knew something was coming.Originally posted by sputnik
I think we will see a similar market day like we saw when the income trust announcement came through.
The analysts are contradicting each other. Some say down, some say huge down, some say it isn't so bad.
Originally posted by 89coupe
I do get great service there, especially when I mention my name, haha.
No more than if they never introduced changes in the first place.Originally posted by Canmorite
Why? To potentially choke producers when the price goes down?
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Cause its supposed to be an INCREASE, not a decrease, and if prices fall (as they will), we need maintain the status quo.Originally posted by Canmorite
Why? To potentially choke producers when the price goes down?
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?