Quote:
Originally Posted by Frequitude
Production cuts should have been prorated based on net heavy sales so as not to punish the integrateds who picked the right path. This is the right being forced by government to bail out the wrong and that is not a good signal for attracting capital investment in the future.
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If we lived in a functional country I'd agree with you, government setting production quotas Caps is a guaranteed investment killer. But since we live in Canada where special interest groups and spineless PMs rule the day I think this will help investor sentiment because there was no where further it could go down. Even before tmx was delayed every money manager on BNN was saying to avoid Canada and out investment index was dropping like a rock. Hopefully this is the first step out of a dark chapter in the province. Short term cuts, medium term rail, long term pipelines to the coast.