RBC Capital Markets releases research report on the Alberta Royalty Review Panel's proposals

    TORONTO, Oct. 18 /CNW/ - RBC Capital Markets today released its research
report on the impact and desirability of the proposals made by the Alberta
Royalty Review Panel to increase Alberta royalty rates.
    Titled "Short Term Gain for Long Term Pain", the research concludes that
the panel's proposals are not in the best interests of Albertans and questions
whether the Province "wants a bigger piece of a shrinking pie, or a reasonable
piece of a growing pie."
    "While some good recommendations are put forward, in sum, the panel is
advocating a policy of short-term gain, ultimately at the longer-term expense
of both Albertans and the oil and gas industry," said Dirk Lever, an RBC
Capital Markets analyst and one of the authors of the report. "Given the
unique, symbiotic relationship between province and industry, and the value
that each bring to the table, it is in the interests of both to create an
environment conducive to long-term capital investment."
    The research report is available at

For further information:

For further information: Jackie Braden, (416) 974-2124

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