Quote:
Originally Posted by Axeman
There is no question the rise in the Cdn dollar has affected the amount of drilling done this year. Also going to crush the Alberta economy is the royalties put into place starting 2009. As a result you have Sask being very aggressive to get the rigs relocated to their province with no royalties in place. Things in Alberta could get very ugly very soon.
Maybe with any luck it forces the bank of canada to reduce rates and force our dollar lower.
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Drilling in Saskatchewan is not expected to boom for at least another couple years. alberta will be alright for a while. they are seriously some dumb motherfuckers trying to pass these royalties on the industry that floats our province though. i've heard reports that devon has already decreased their production by 35% and encana is threatening to pull all their new developement in alberta altogether. seriously, who had this brilliant fucking idea???
Saskatchewan of all fucking provinces is projected to be 2008's leader in economic development....