Quote:
Originally Posted by brslk
You do know that if half the companies that claim they will pull out of Alberta, a dozen will step in.
If I owned a corporation that made 100 million dollars last year, fifty would still be pretty good.
Where are they gonna go?
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How much money did it cost you to make that 100million? Increased taxes, up in the air royalty rates until the NDP finish their review, etc. That 5% ROI that gave you 100million just turned into 1% or 2% or maybe a loss of 2% or who knows until the NDP demonstrate what they are going to do with royalty rates, carbon taxes, how they are going to treat companies etc. There is a lot of uncertainty for companies when dealing with a left wing government.
I wouldn't dump a couple billion dollars into a project when oil prices are on shaky ground and the government that just took power has a reputation of badmouthing corporations in general and the oil industry specifically.
I'm surprised you wouldn't think to ask any of that until AFTER the election.