MGM Energy Corp MGMCF

RE:RE:RE:Industry backlash on NEB regs

[glacierman]

Bypp you're so right about this being a calculated & coordinated response.   I think the CAPP letter sums it up best:

"Smaller, junior oil and gas companies have already experienced a retraction following several years of challenging conditions, very tight oil pipeline capacity, and challenging markets amongst other factors. According to the National Post, “the once thriving sub-sector has shrunk to half its size from the middle of the last decade, when juniors were such a force.” The junior oil and gas sector in Canada has been a key catalyst over the years responsible for various innovations, dynamism, and general entrepreneurship. A robust junior sector will be crucial for Northern Canada’s potential. Fraught with potential but also significant challenges, the region is ripe for frontier entrepreneurship many of these juniors bring. In summary, CAPP asks that the NEB realize that the draft’s financial measures could inhibit, and in some cases preclude the possibility of their market entrance, in a market that desperately needs them. "