RE:RE:Back over IPO price With all the Federal restrictions it's seems CDN oil will pivot to current business practice of producing less to earn more. Smart.
That means minimal expansion (bad for CDN economy and Unions) when $150 BN capital projects over 5-10 years are not done. Also bad for govt elites when revenue drops.
Higher capital gains tax also forces new proformas on all projects under consideration and many will fail the disposition net test now.
No one with half a brain will invest a dime in Canada with political risk and corruption similar to the worst African and LatAM countries
Great for SH if they just do the min opex to maintain production and even reduce by e!iminating lower return assets, thereby reducing their GHG. They can easily add BNs to bottom line.
At least higher oil prices are pretty much assured with the ongoing Reich expansion in Europe and likey full out escalation not to mention middle east powder keg plus OPEC+ absolute power.