Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - anybody worried about the Alberta Economy?

flamesfever · 12-07-2008, 12:50 PM

I think companies that are in reasonable shape will hunker down by reducing activity, cutting costs, and paying down debt with the cash flow they have left after the new Provincial Royalty takes a chunk on Jan.1.

Over time costs will ratchet down, the world economy will pick up and we'll start all over again. However, IMO, until the Alberta Government starts listening to the needs of the Industry, and developing trust and long term stablility for investment, our province will continue to lag.

12-07-2008, 12:50 PM	#15
flamesfever First Line Centre Join Date: Aug 2004 Exp:	I think companies that are in reasonable shape will hunker down by reducing activity, cutting costs, and paying down debt with the cash flow they have left after the new Provincial Royalty takes a chunk on Jan.1. Over time costs will ratchet down, the world economy will pick up and we'll start all over again. However, IMO, until the Alberta Government starts listening to the needs of the Industry, and developing trust and long term stablility for investment, our province will continue to lag.