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Bullboard - Stock Discussion Forum Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta's deep basin. The Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol... see more

TSX:PEY - Post Discussion

Peyto Exploration & Development Corp > Italy's Draghi wants to take energy company profits
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Post by ngtraderng on Dec 15, 2021 12:21pm

Italy's Draghi wants to take energy company profits

ROME, Dec 15 (Reuters) - Italian Prime Minister Mario Draghi said on Wednesday that energy companies that have made profits may have to contribute to efforts to curb increases in bills for households and companies.

https://www.reuters.com/business/sustainable-business/italys-draghi-hints-contribution-energy-firms-curbing-prices-2021-12-15/

We could see the same insanity in Canada.
Comment by malx1 on Dec 15, 2021 3:03pm
That will be the Liberals next election campaign.  Take money from oil and gas to pay for social spending.
Comment by Yasch22 on Dec 15, 2021 11:45pm
This post has been removed in accordance with Community Policy
Comment by ngtraderng on Dec 16, 2021 8:56am
I think the chance of the current Liberal government doing something like that is low but it wouldn't be the first time that a Trudeau tries to rob the oil & gas sector: https://en.wikipedia.org/wiki/National_Energy_Program With rising inflation and cost in everything, politicians are going to be looking at someone to (mis)blame and for new revenue sources. Canada isn't immune to ...more  
Comment by alkhor on Dec 16, 2021 10:40am
ngtraderng Like Sheldon on Big Bang Theory, try to recognize sarcasm when you see it.
Comment by auagntungsten on Dec 15, 2021 8:05pm
Don't give them Ideas.
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