If the NDP wins will you consider moving some of your investements out of Alberta and Canada?

[greylynx]

Yes or No.

[Okotokian]

No. If things get bad the companies I invest in will just invest in other jurisdictions.

[greylynx]

Originally Posted by Okotokian

No. If things get bad the companies I invest in will just invest in other jurisdictions.

Okie: Just how much loss based either on cost or market value did you lose this year?

You made money?

What were your investment fees. That is a sneaky one investors like to hide by saying they are in the trading transactions.

[FCLightning]

No

[KGB]

What's an alternative? U.S. market? Europe? No, I am here Long.

[grouse_hunter]

Lots of options in the US stock market, it's much better than TSX anyway.

[guywiththemule]

Yes. Definitely !! When I see a wreck coming I will bail 99% of the time ! The other 1% you ask ? Hang in there just to see how bad it can really get !!

[chasingtail]

Who needs Inverstments? I'm spending all mine then going get one of those NDP Government jobs. 4 days a week, 6 hours a day, 9 months a year, pays over $100,000 (Sounds like a teacher). NDP going give me 100k for driving the garbage truck, yes sir, this working hard for a living is for suckers, NDP all the way.

[kodiakken]

Stelmack was enough to get me moving some of my stuff out of Canada. Canada revolves so much around oil and a lot of the other provinces are so scared to admit it.

[nick0danger]

Originally Posted by grouse_hunter

Lots of options in the US stock market, it's much better than TSX anyway.

No tax incentive no capital loses why would yo say there are better options?

[fish_e_o]

i've been thinking it for a long time.

[dale7637]

If the ndp win... I'm long gone to the yukon.. Or nwt.. Or Alaska. They terrify me.

[Sledder1]

Originally Posted by dale7637

If the ndp win... I'm long gone to the yukon.. Or nwt.. Or Alaska. They terrify me.

Buh bye then.

[dale7637]

Originally Posted by Sledder1

Buh bye then.

Why don't we wait and see... We as Albertans have short memories.

[From The Hip]

Personally I have lived in Alberta for the last 17 years and I grew up here for 11 years with the rest of the time in BC.The PC's have been in government for 40+ years and I honestly dont see Albertans throwing themselves of a cliff like lemmings to vote NDP.To go from a conservative majority that has 4 decades in office to a complete juxtaposition to a left wing socialist party in 1 election just does not make a lot of sense.Politics in Alberta takes a lot of time to make a shift and I dont see a flip flop from right to left that quickly.That being said I also dont anticipate a huge change of direction in Federal politics/voting.I dont see the Lieberals forming a minority government and definately not a majority government.I do see a slight ressurgence of the Bloc and a weakening of the NDP and the Lieberals regaining opposition status

Canada has been through some tought times in the last 4 years and the ship has had a good hand on the tiller..Canadians dont shift that abruptly even for a shiny pony....especially one that wont hold up in a debate or on the hustings.

Best result tomorrow is a Wildrose minority.

FTH

[rugatika]

Sold all my Alberta oil stocks in January after a bit of a rally anyway. Not in a hurry to buy back in anytime soon.

[schmedlap]

before the tide of such. This is not just an AB issue. AB is the major current "economic engine" of the country. If the ND's manage (as quite likely judging by history?) to turn it "have not" in federal transfer fund terms, or even to greatly diminish the net "have" position, the effects will be felt all across the land, and in the general market. Smart investment advisors are, in fact, already geared up to advise on the best available alternatives and to move things quickly in that eventuality. The big losers will be the very "little guys" who voted ND and will now see their RSP/union pension/government pension value and prospects depleted - they are the majority owners of all the "big corporations" that they want to tax to death, but they refuse to look at the facts on this level. The "rich" (or just the intelligent?) will be fine, as, being possessed of good common sense and advice, after putting it all elsewhere or temporarily in cash, they will buy back in at the bottom and profit off the stupidity of the "masses".
If I were a selfish individual, given that my business thrives most on situations of large-scale insolvency, and my own investments can be magnified most by pulling out, and reinvesting "at the bottom", I would vote ND and "laugh all the way to the bank" if they get elected. I'm not; I have enough and am very comfortable; I want my kids and their generation to have the same opportunities for a high standard of living by dint of their own efforts and fiscal responsibility.
Looking to get me to pay your bills while you sit around and wait for mommy government (i.e., me, the working, tax-paying, job-creating person) to come to your rescue is not going to cause me one moment's grief - quite the opposite.
So, as Clint said, "Go ahead, make my day...?".

[Ricktye]

Originally Posted by dale7637

If the ndp win... I'm long gone to the yukon.. Or nwt.. Or Alaska. They terrify me.

As a consumer, why do they terrify you? An honest reason or just being a sheep because someone else said so? Do you seriously think corporations aren't going to still want the resources? Of course they will the same as they do in other provinces that have/had a NDP government. People still bought lumber from BC and potash from SK. Now granted, the corporations won't make as much profit and they'll whine, but they'll still make a profit. I'm pretty confident Suncor, Esso etc will still be here and they'll still be hiring and you'll still get paid. But oh, they will whine and whine that they have to start paying royalties at the same rate as most of the rest of the world.... Maybe it's about time? See, that's the thing, the NDP are about people, not corporate profits. Manitoba has a NDP government and I constantly here how much cheaper consumer goods such as groceries are in the stores. But, they do have a sales tax, so I suppose that offsets it... Oh and they still manage to sell their wheat.

[silverdoctor]

Alberta NDP's are getting talk in the House of Parliament...

Mr. Chris Warkentin (Peace River, CPC):
Mr. Speaker, the positions the NDP have taken on natural resource projects are extreme and alarming, and Albertans have a right to be very concerned.
The NDP has called for a royalty review, and have come out against northern gateway, an essential energy infrastructure project for getting our oil to international markets. The last royalty review cost the province billions of dollars in investments and cost thousands of Albertans their jobs. It also shook the confidence of the Alberta economy, and that is the last thing that Alberta needs right now.
The NDP is also calling for higher taxes on job creators which would kill jobs right across the province. Unlike the path the NDP would go down, our Conservative government has committed to lowering taxes on entrepreneurs.
Unfortunately, the Alberta NDP is taking its cues from the folks across the way. It is supporting higher taxes that Albertans cannot afford. It would kill jobs that Albertans desperately need, and would bring forward a job-killing carbon tax that would raise the price of everything.

[Sundancefisher]

NDP will make the impending recession a spending spree debt ridden disaster of all disasters.

[rugatika]

Originally Posted by Ricktye

As a consumer, why do they terrify you? An honest reason or just being a sheep because someone else said so? Do you seriously think corporations aren't going to still want the resources? Of course they will the same as they do in other provinces that have/had a NDP government. People still bought lumber from BC and potash from SK. Now granted, the corporations won't make as much profit and they'll whine, but they'll still make a profit. I'm pretty confident Suncor, Esso etc will still be here and they'll still be hiring and you'll still get paid. But oh, they will whine and whine that they have to start paying royalties at the same rate as most of the rest of the world.... Maybe it's about time? See, that's the thing, the NDP are about people, not corporate profits. Manitoba has a NDP government and I constantly here how much cheaper consumer goods such as groceries are in the stores. But, they do have a sales tax, so I suppose that offsets it... Oh and they still manage to sell their wheat.

If oil prices were over 100 bucks I would say you might have a point. The thing is, with the oil industry it's easy to move capital investment to more profitable areas of the globe to weather blips in political climates in other areas, or just leave the money in the bank.

In Alberta right now, there are lots of fields getting parked. Operators getting laid off, exploration grinding down, etc etc. That's now. Like you say, with the NDP they will be getting a further hair cut...more fields shutting down etc etc.

Now, with that, do you want to take a stab at how full all the new hotels in Fox Creek are going to be? How many hamburgers is A&W going to sell? That PetroCan bulk station on the north end of Whitecourt...do you think they're gonna have 10 bulker drivers going steady out to rigs etc?

During a boom, yes Alberta can maybe sneak a progressive liberal party through and come out looking not too bad like we have done with the high spending PC's...but not during a downturn.

And the NDP aren't about people. They are about gaining power and maintaining it...same as any other party. They just buy their votes from a different group of people.

[Redfrog]

Originally Posted by Ricktye

As a consumer, why do they terrify you? An honest reason or just being a sheep because someone else said so? Do you seriously think corporations aren't going to still want the resources? Of course they will the same as they do in other provinces that have/had a NDP government. People still bought lumber from BC and potash from SK. Now granted, the corporations won't make as much profit and they'll whine, but they'll still make a profit. I'm pretty confident Suncor, Esso etc will still be here and they'll still be hiring and you'll still get paid. But oh, they will whine and whine that they have to start paying royalties at the same rate as most of the rest of the world.... Maybe it's about time? See, that's the thing, the NDP are about people, not corporate profits. Manitoba has a NDP government and I constantly here how much cheaper consumer goods such as groceries are in the stores. But, they do have a sales tax, so I suppose that offsets it... Oh and they still manage to sell their wheat.

The oil will still be there, but this is not the only place with oil. Business will go where they can make money. And lumber? in B.C. Do some looking into where the forest industry went every time the NDP got in.

Not sure where your Manitoba info comes from, but you had better check it out again. The difference in taxes alone for the same person is $300 per month.

[Ricktye]

Originally Posted by silverdoctor

Alberta NDP's are getting talk in the House of Parliament...

I'm guessing the Federal Government shouldn't be telling the provinces how to run their governments. And we were concerned about the gun registry? But it's ok for the Feds to tell us how to run our province? Jimmy still had cohorts in high places he's obviously gone crying to!

[rugatika]

Originally Posted by Ricktye

I'm guessing the Federal Government shouldn't be telling the provinces how to run their governments. And we were concerned about the gun registry? But it's ok for the Feds to tell us how to run our province? Jimmy still had cohorts in high places he's obviously gone crying to!

Jimmy and Brian Jean likely have many friends in the federal government. That's a bad thing how?

[Redfrog]

Originally Posted by Ricktye

I'm guessing the Federal Government shouldn't be telling the provinces how to run their governments. And we were concerned about the gun registry? But it's ok for the Feds to tell us how to run our province? Jimmy still had cohorts in high places he's obviously gone crying to!

Well we know the Federal NDP won't have any advice for the Alberta branch. I mean it's not like it's in their constitution or any thing like that.

[Mistagin]

With retirement looming (12 more weeks) , I started moving funds to more US as they began to recover - so far this year I'm up 12 % .
I kept a couple of oil co. stocks - one hasn't been doing so well but I'm optimistic they'll come around again, hopefully not too far into the future.

As far as staying Alberta, well, I'd like to, but plans are to move closer to the kids and grandkids, an area of Canadian Shield topography where there's great fishing, amazing boating (sail, canoe and fishing boat), spring turkey hunting and 3 months of Whitetail Deer archery where I can use my crossbow Now I just need to find that acreage back there where I can do all of that and more .

[The Elkster]

Originally Posted by chasingtail

Who needs Inverstments? I'm spending all mine then going get one of those NDP Government jobs. 4 days a week, 6 hours a day, 9 months a year, pays over $100,000 (Sounds like a teacher). NDP going give me 100k for driving the garbage truck, yes sir, this working hard for a living is for suckers, NDP all the way.

No Bias I'm sure. But its interesting how we are so enraged at a teacher making 90 k/yr after going to school for 4-6 years and putting up with 30+ spoilt chillin's with no discipline allowed any many parents who do squat to support learning at home. Day in and day out. But but its totally reasonable and fair that the oilfield is full of uneducated workers making 100K plus a year with a little labor and little stress. And I suspect many teachers are paying far more for gas and other oil products in a year to support their oilfield wages than the oil worker pays in provincial taxes to pay for the teacher. Nope no bias at all LOL.

[purgatory.sv]

Originally Posted by Mistagin

With retirement looming (12 more weeks) , I started moving funds to more US as they began to recover - so far this year I'm up 12 % .
I kept a couple of oil co. stocks - one hasn't been doing so well but I'm optimistic they'll come around again, hopefully not too far into the future.

As far as staying Alberta, well, I'd like to, but plans are to move closer to the kids and grandkids, an area of Canadian Shield topography where there's great fishing, amazing boating (sail, canoe and fishing boat), spring turkey hunting and 3 months of Whitetail Deer archery where I can use my crossbow Now I just need to find that acreage back there where I can do all of that and more .

This is not the first time you have mentioned this, your move and plans will work.

[Redfrog]

Originally Posted by Mistagin

With retirement looming (12 more weeks) , I started moving funds to more US as they began to recover - so far this year I'm up 12 % .
I kept a couple of oil co. stocks - one hasn't been doing so well but I'm optimistic they'll come around again, hopefully not too far into the future.

As far as staying Alberta, well, I'd like to, but plans are to move closer to the kids and grandkids, an area of Canadian Shield topography where there's great fishing, amazing boating (sail, canoe and fishing boat), spring turkey hunting and 3 months of Whitetail Deer archery where I can use my crossbow Now I just need to find that acreage back there where I can do all of that and more .

Oh no!!! Isn't the shield all NDP country?

[amosfella]

In answer to the OP's question, I've been moving assets out of Canada for years. I actually don't own anything in Canada anymore.

while some things are better in Canada, there is a whole big world filled with opportunities to explore. Canada and the US are no longer the beacons of hope and prosperity they once were...

Besides, it's foolish to keep all ones' assets in the country they live in..