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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Interesting Article
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Dec 24, 2007 01:50AM
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Dec 24, 2007 04:33AM

I agree, I don't personaly think that this would affect pod 2..I was merely pointing out that if, as some people have suggested, that the real purpose of the royalties was to slow down growth, the oilsands in particular, then it may become an issue..

" Fort Macmurray is the place where things are getting crazy and that definitely needed a pause for now. But CLL is not in that area. "

CLL may not be in that area, but the accute manpower shortage in Alberta as a result of the oilsands explosion has had serious consequences on the Albertan economy..People are coming from all over the world to work and there is no infastructure for them.Too much growth too fast has the potential to create as many problems as opportunities..

You're correct rampant inflation could and would have an affect on the stock market if interest rates are raised to fight it.. When interest rates go up people tend to invest in safer things such as term deposits than riskier vehicles like stocks..Small cap or any other non dividend payeing stocks are hardest hit.

Here in Ontario,,,the high dollar is killing our auto sector,, people are screaming that it's Alberta's commodity based economy that's to blame and demanding that the government take action on the dollar..The argument here is that Alberta's fortunes are crippling the non commodity based economies of the Central Canadian provinces.

Either way, it's good that other provinces can take advantage of the boom..


Dec 24, 2007 05:35AM

Dec 24, 2007 06:00AM
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