[familyop]

Sometimes, we have to dig in order to see the differences.

U.S. Has Royalty Plan to Give Windfall to Oil Companies
By EDMUND L. ANDREWS
The New York Times

Excerpt:
"WASHINGTON, Feb. 13 — The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years."

[familyop]

...adding important info to that excerpt.

U.S. Has Royalty Plan to Give Windfall to Oil Companies
By EDMUND L. ANDREWS
The New York Times
February 14, 2006

Excerpt:
"WASHINGTON, Feb. 13 — The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years. New projections, buried in the Interior Department's just-published budget plan, anticipate that the government will let companies pump about $65 billion worth of oil and natural gas from federal territory over the next five years without paying any royalties to the government."

[thackney]

A gift from the Clinton Administration. Poorly written contracts are still contracts.

[bruinbirdman]

"Sometimes, we have to dig in order to see the differences."

Thanx for ping.

Today, Prime West Energy Trust (PWI), a Canadian trust company traded on NYSE has agreed to be acquired by Abu Dhabi's state- owned energy company for $2.4 billion plus the assumption of debt. Full disclosure, I own it. Well, sale effective sometime in November.

The deal was made the day after the Canadian dollar (I love that, DOLLAR) reached parity with USD.

The price, $27, is a 30% premium to Fridays close.

:I am OK with this sale. Think I will buy a new computer.

yitbos