It may not all be doom & gloom for BRM, assuming this tax may not be permanent at its current proposed 40% rate.
In terms of project NPV calculations there will be a clear incentive for start up projects like BRM now to bring forward as much Depreciation & Amortization, also together with pre-paid interest - as is legally allowable (and anyhting else we can throw in), into the early project years, so the (ahem) "super profits" are minimized early on in the project life...
So it will be a boon for project accountants, but it clearly make sense now to have as much project costs as possible allocated to early project years, and hope for some nice tax break further down the project timeline.
BRM Price at posting:
$3.32 Sentiment: LT Buy Disclosure: Held
