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Originally Posted by Enoch Root
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
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I don't think anyone is arguing the opposite. All that was said is that one of the reason for the announcement delays could possibly be the drop in oil and the low dollar. And I think you might be getting your arguments tangled up a bit. You said...
Quote:
Originally Posted by Enoch Root
They don't have lost revenues. In fact, ticket prices are going up again next year.
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This is false and people responded. Now it seems you are straying from that original point. Anyway, they are not abandoning this project over these issues but you can bet it's having an impact.