BudgetIt will be interesting to see what is in the budget for CCS; carbon credits, investment credits, nothing, or something else. Investment credits are probably best for O&G, but Whitecap may not receive anythng for completed investments. Carbon credits would mean immediate payback, but probably at a lower return compared to investment credits (for new investments). Either is better than nothing which was being proposed.
Any sort of additional tax then all bets are off, but probably just banks and lifecos for now. Possibly the risk the government bugets an extra tax is part of the recent sell-off. At this point just hoping the feds don't shoot O&G in the foot.