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Lull in Oilsands Only a Blip
- Thread starter Ally
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- Aug 30, 2007
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QUOTE (Ally @ Mar 24 2009, 01:20 PM) ... the pause in oilsands projects must be seen as a chance for Alberta to better prepare for what is coming, ...
indeed .. as in LOWER LABOUR COSTS .. but expect oilsands pace in the next year or 2 to be a LOT SLOWER than the last 3-5 years !!!
Assess timeframes ! Some folks think in 5, 10, 15 years time frames .. or in this case: 21 years as he mentions 2030 .. and some folks think 6 months or 2 years max. out .. so be aware !
Of course Alberta will do very well long term as the oil sands can`t be moved (nor can uranium or potash in Sask. or water or oil or gas in BC) .. and with CO2 capture and "global warming" mandated technologies even more jobs will have to be created in BC, AB or SK !!
BUT: ensure cash-flow is there so you can reach 2030 .. as the next year or 2 will be tight tight tight in Alberta, incl. lower rents, higher vacancies and lower house prices .. but 2009 and 2010 are great BUYING opportunities for those same reasons !!
indeed .. as in LOWER LABOUR COSTS .. but expect oilsands pace in the next year or 2 to be a LOT SLOWER than the last 3-5 years !!!
Assess timeframes ! Some folks think in 5, 10, 15 years time frames .. or in this case: 21 years as he mentions 2030 .. and some folks think 6 months or 2 years max. out .. so be aware !
Of course Alberta will do very well long term as the oil sands can`t be moved (nor can uranium or potash in Sask. or water or oil or gas in BC) .. and with CO2 capture and "global warming" mandated technologies even more jobs will have to be created in BC, AB or SK !!
BUT: ensure cash-flow is there so you can reach 2030 .. as the next year or 2 will be tight tight tight in Alberta, incl. lower rents, higher vacancies and lower house prices .. but 2009 and 2010 are great BUYING opportunities for those same reasons !!