Alberta has sights on the stars - August 29, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryAugust 2004

Vol. 9, No. 35

Week of August 29, 2004

Alberta has sights on the stars

Forget what you heard two weeks ago, the Alberta government should rake in more than C$9 billion in resource revenues in 2004-05, predicts analyst Peter Linder of DeltaOne Energy Fund.

That’s C$1 billion better than Energy Minister Murray Smith predicted in mid-August, certain that new oil and gas price levels will be around for a while.

Given the price outlook and the rapid expansion of oil sands projects, Alberta government officials believe revenues from oil alone could soar to C$13.5 billion by 2017, putting the combined resource returns close to C$20 billion.

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