Baytex Energy Corp T.BTE

The cart is ahead of the horse

[TheWokeLemming]

A good read.  

https://ca.finance.yahoo.com/news/should-canada-slap-a-new-tax-on-oil-gas-industry-profits-171948872.html

[Chrisinvan7]

My feeling is that such a tax would alienate Alberta to the point that it would risk a constitutional crisis.

[Maxmoe]

Or, like the banks, they'll figure out a way around paying it. Or charge an excess tax surcharge on top of every barrel to just pass it on.

[JohnnyDoe]

do you think a constitutional crisis in Alberta matters to Justin Trudeau? I don't. The first quote in the article tells you all you need to know. It doesn't make economic sense. I find the Trudeau government has actually been good for oil in Canada. His government is all about rhetoric. When you cut away the rhetoric, the situation in our oil industry is actually vastly better than it was