Alberta RoyaltiesThe Alberta Government announced yesterday that they will be decreasing the maximum royalties amount from 50% to 40% on conventional oil and 50% to 36% on natural gas. They are expecting this decrease to increase the drilling in the province and to attract more oil firms.
This could have a positiv effect for UZZ longer term, as a huge portion of their revenues are from the oil sands. ncreased development could possible mean an increase in contracts/revenue down the road.
Shep