I see the remains of Spudco everytime I pick up the mail.
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LEP, you nailed it! Supporters of the NDP always like to point out that the boom and turn around started under Calvert, but what they don't seem to want to remember is is how Calvert just wanted to piss it all away. In the 2007 election, that's all the NDP was offering, spend the money! Flash forward to this campaign, Lingenfelter offering the voters a 3 Billion dollar budget and wanted to spend it all again, sure they said they would through a few nickles in the drawer but we still remember the "three card monte" they played with the rainy day fund, the non existent savings account that the province supposedly had.
Brad Wall payed down 3 Billion in debt, and I believe that's how he will win the next election, by paying down the rest of the debt. Then watch this province kick ass. The NDP would have never paid down the debt with this booming opportunity, they would have just pissed it away, the proof is in their platforms.
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Overheard a conversation between a franchise territory manager and a franchisee. His area straddled AB/SK.
Said SK reminded him of AB in 08 and prior. Biggest difference he sees is AB clients too used to money and using a lot of debt. SK clients all cash and lots of it.
Keep pulling those dragons from the ground and congratulations.
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Mustard, "Pumping an oil well royalty free for first 3 years !!??"
Mustard, You forget, these oil companies pay huge sums , up front, for the right to drill these crown lands via the crown land sales. Also, no guarantee they will hit oil so huge risk. Royalty free period fair IMHO.
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wedino you might like that NDP Policy but I don't. (royalty structure set up by Calvert Gov't)
And they set it up when resources Prices were LOW. So when resource prices go Way Up the companies are lapping this up like cats on cream. No surprise.
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