Quote:
Originally Posted by CaptainCrunch
I would think at some point, Canadian Companies with US operations are going to look at the approach to this whole situation and go with the profitable organization. I fully expect that things are going to get tremendously bad in this province, and even with changes in government in Alberta, and Canada (Doubtful) it will take forever for investment to come back and external investors will take a long term wait and see and not just rush back in.
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Investment comes back when Transmountain has pipe in the ground. You have two years of construction so with the number of approved projects in Alberta you could have oil about 2.5 years from when you invest. So timelines would work out.
However I'm not sure things get much worse than this years forecast. There hadn't been much expansion going on anyway and people will still sustain production even at current pricing trying to be the last people standing. There is a hard bottom where Alberta is close to.