Quote:
Originally Posted by Bunk
Totally fair. I am curious about the statement about Alberta being well positioned to be a low cost provider. I am not in Oil and Gas, so I don't know much about the long term operating costs after after the capital expansions. One worry I have is, isn't a lot of the jobs about the expansions themselves? Will the jobs recover in places like Calgary, even if Oil recovers and we can get the product exported?
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Yes the boom type jobs are the expansions themselves but there are still lots of steady jobs in operating and maintaining the assets.
And if the producers are making money with those operating assets, that means they have the flexibility and capital to adapt to the market with it - whether that might be investing in R&D, solar facilities, wind power or what not.