RBC Capital Markets releases research report on the Alberta
Royalty Review Panel’s proposals
TORONTO, October 18, 2007 — RBC Capital Markets
today released its research report on the impact and desirability
of the proposals made by the Alberta Royalty Review Panel
to increase Alberta royalty rates.
Titled "Short Term Gain for Long Term Pain", the
research concludes that the panel's proposals are not in the
best interests of Albertans and questions whether the Province
"wants a bigger piece of a shrinking pie, or a reasonable
piece of a growing pie."
"While some good recommendations are put forward, in
sum, the panel is advocating a policy of short-term gain,
ultimately at the longer-term expense of both Albertans and
the oil and gas industry," said Dirk Lever, an RBC Capital
Markets analyst and one of the authors of the report. "Given
the unique, symbiotic relationship between province and industry,
and the value that each bring to the table, it is in the interests
of both to create an environment conducive to long-term capital
investment."
The research report is available at www.rbc.com/newsroom/pdf/20071018energy.pdf
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For more information, please contact:
Jackie Braden, (416) 974-212
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