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Originally Posted by fotze
maybe you need friends in higher places, exxonmobil betting billions on gas, companies like Encana, eog, apache, quicksilver, nexen committing to spend billions each on horn river and kitimat. Korean and china companies buying in NE BC in the billions.
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Quote:
Originally Posted by fotze
I tend to believe those dollars over local real estate bloggers. Call me crazy.
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Heh, perhaps - development engineers/geologists in those companies (conoco not listed and I don't really deal with ExM) and actually through my own work with the business leads of some of those companies as well - that is all the anecdotal information that I have and at the end of the day which certainly not definitive. Though I do meet with the board of directors of one or more of those companies every year. That being said, I see where you are coming from – heck, for all you know I could be making everything up. The internet/forums/statistics are fun that way!
Bigger players betting that prices can get better (they can't get much worse - knock on wood) but the focus right now is certainly not to hammer out the same number of (shallow) gas wells - if they can, they're going after what oil opportunities they have at this time.
Quote:
Originally Posted by Shazam
Are you ever going to understand that not everybody's mortgage is up for renewal next year?
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Of course, I'm looking at it in the context of future buyers and what they can afford - ultimately their actions and affordability are what will dictate actual sales (and real estate value) going forward. Those with mortgages now are somewhat irrelevant I believe - unless of course they default or can't deal with the new terms when renewals come up.