Quote:
Originally Posted by GullFoss
This isn't wrong. However, Alberta doesn't need $80 for things to get better.
Assuming meaningful construction takes place with TMX through the fall and winter, US$65 WTI for 6m-9m would be sufficient to see a few companies do some meaningful projects (CNQ, SU, IMO, CVE, MEG). If each of these companies sanctions a brownfield/Greenfield project and conventional companies pick up rigs, the province would probably see unemployment drop 2%-4% in short order given associated spin-offs and economic multipliers.
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I agree. Not really something that will drive big returns for our clients, so we'll sell off after we feel prices have peaked, but it'll be nice to keep people back in Alberta employed for a few more years if some projects get ok'd.