Alberta to offer natural gas ‘incentives’

Nothing like a little bear market in natural gas stocks to get the Alberta Government to reverse course on it’s tax grab on gas production in Alberta.

Less than a year ago Alberta raised royalties on natural gas production placing it as one of the highest natural gas tax jurisdictions in North America. Alberta natural gas stocks got priced down accordingly.

Oh but now the world has changed according to Alberta Premier ED Stelmach, he is going to offer an “incentive package” to ravaged gas producers. Oh boy talk about wrong way Eddie.

There is a ton of  natural gas around but my thought is that Alberta will not let it’s gas industry wither away to nothing. Selected beaten down gas stocks may be due for a pop.

See the Globe and Mail article here.

This entry was posted on 25. June 2009 at 06:22 and is filed under Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.