Here is a great editorial by Ted Morton, former Minister of Energy and Finance for Alberta. His article discusses how continued poor government policy will have huge negative impact on our economy. It’s another example that money and jobs are easily transferrable in today’s competitive market. The Oil and Gas sector is the largest economic engine in Canada and by almost two to one compared to the auto sector and we continue to kill it. If we don’t wake up soon, we are all in for a world of hurt. - Craig Burrows CEO, TriView Capital Ltd.
Encana’s announcement last week that it was acquiring Texas-based Newfield Exploration may be good news for the Calgary-based company, but it is not good news for Canada. It is the most recent chapter in an unfolding story of capital flight from the Canadian energy sector. First the big internationals, and now Canadian-based firms like Encana, are moving their operations...Click here for full article.