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Alberta promises not to change oil, gas royalty rates before end of 2016

Aug. 28, 2015 2:28 PM ETSuncor Energy Inc. (SU) Stock, SU:CA StockCEO, COSWF, SU, IMO, CNQ, ENB, TECK, TRP, HUSKF, CVEBy: Carl Surran, SA News Editor34 Comments
  • Alberta's new government launches its royalty review panel, and says it will not raise oil and gas royalty rates until the end of 2016.
  • The specter of a higher government take is spooking the industry, especially with oil prices recently hitting more than six-year lows; some have argued the royalty review should be deferred until the outlook improves, while others would prefer to just get it over with.
  • Related tickers: SU, ENB, IMO, TRP, CNQ, CVE, TCK, CEO, OTCPK:HUSKF, OTCQX:COSWF

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