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Originally Posted by Bend it like Bourgeois
Yeah you're right. Which is of course why banks and oil companies and anyone else in big business hasn't tested new numbers or changed their plans at all over the last 6 months. This stuffs easy.
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Oil and gas companies have changed their plans because the price of oil is down so much, not because of the currency (which actually helps them right now).
Never said it was easy but it is manageable. I used to build currency hedging strategies for corporate clients, it's just math and risk management.
And the big difference between the Flames and an O&G co is that the Flames know exactly what their USD exposure will be - that makes it much easier to manage.
Anyway, enough of this garbage - as CSW said, it's a major, long-term capital investment. The current economy matters to an extent, but the project either makes sense or it doesn't. Changes in the currency aren't going to make a billion dollar project suddenly unviable