Quote:
Originally Posted by Enoch Root
Depends - is the crown corp buying or expropriating the assets? Right now, most assets are almost worthless. Selling them at a reasonable valuation would not be an unattractive prospect for a lot of people right now.
And the crown corp still needs a bunch of service corps to feed it. You know... jobs and businesses (as opposed to layoffs)
The way most people simply say 'no, that won't work, it's too hard' instead of trying to work towards solutions, is mind numbingly frustrating
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Well that's why I said expropriate (or "appropriate" because I'm a dumbass) instead of buying the sites. I'm sure people would apoplectic if that happened, not least of all because no private company would probably ever invest in Alberta O&G again, but I digress.
Purchasing sites while their value is low is an interesting scenario to consider. A crown corp could theoretically operate at a loss for a few years until TMX gets built, while probably also keeping some of the service corps fed enough to stay afloat. The question would be, once TMX is up and running, would the profits offset the losses incurred during that time?