Quote:
Originally Posted by The Unabomber
You are taking the position as if the oil companies will suffer if gas prices were to hold at 80 cents throughout a full year. That's B.S. and i'm saying that while ENCANA is building the two tallest office towers west of Toronto, i highly doubt that they would suffer, they just take advantage of a market that NEEDS the product that they offer rather than WANTS it.
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Encana isn't building anything, they've pre-leased the entire area for 25 years. Making it the Encana building. The developer is H&R REIT who is also securing financing to pay for this building. Meaning no one other then some lending institutions is forking out 1.1 billion for this building. Additionally most companies don't own their own buildings. They just lease the majority of the space and thus get it named after them.
A little off topic, but so is your implication that they are building some super towers because they are so profitable