Quote:
Originally Posted by puckedoff
Canadian oil companies are barely competitive now. I'd wager that its more likely that the province goes broke once oil production stops increasing, as capital goes to other provinces and US plays instead.
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I agree with this. I worked for an exploration company during the Stelmach review. Did it hurt the company? not overly, but the vast majority of our exploration work was moved into BC and Saskatchewan. The companies stayed competitive but the Province didn't.
That company now does more overseas exploration than in Province as it was do or die.