Free Ride Over in Alberta, Oil Companies Look to Saskatchewan

October 4th, 2007 · No Comments

It is now widely reported in the media that in response to the suggestion that the Alberta government should seek fair compensation for Alberta resources companies are looking elsewhere to invest. In Canadian Oilfield Supply and Services Directory it is noted that:

Calgary-based Crescent Point Energy Trust (TSX:CPG.UN) became the latest company to look eastward saying Tuesday it will shift all of its $150-million 2008 preliminary capital development budget from Alberta to Saskatchewan because of the uncertainty created by the royalty review.

Interestingly it is noted that both Alberta and Saskatchewan are among the worst jurisdictions in the world when it comes to retaining the value of the resource for its people. Interesting that oil companies focus on jurisdictions where they can take advantage of the resource owners.

Tags: Our Fair Share Report · Royalties · Saskatchewan





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