cyberclark

Canada's Free Trade Deal: Employment and Oil Productivity

Excellent article. On the plus side the Trans Canada second pipeline Keystone is under way. That will allow shipping twice the amount of crude south as is the present. COS.UN (Canadian Version of COSWF.PK) is one of the greatest undervalued stocks on the market along with SU (Suncor). Both will skyrocket on the short term.

On the negative side, The Conservatives are building on programs set up and maintained by the Liberals over time. The Conservatives managed to burn through the Liberal sizable surplus in the first months of being in office. Now, they are positioned to sell off a broad catalogue of crown assets at fire sale prices. In there world there should be no crown assets.

What's Oil's Future?

Alberta has kept away from NOC as has the Federal Government. But, Alberta has taken a dangerous turn. It switched the Provinces' royalty from US dollar base to Canadian Dollar base. This pumps an additional 16 to 18 percent into the oil coffers.

A 60 dollar barrel of oil today returns the same profit to the oil companies as a 77.00 barrel of oil last year!

Having said this, the Alberta treasury has been shorted some 10 billions of dollars which has all gone to the oil companies. The province is about to announce cost cutting of medical and other programs in the province because of cash short fall.

Whether or not they can win another election remains to be seen!