RE:RE:Cpg is on the list ?The number of companies that took advantage of this ill conceived program are staggering. I know first hand of a non oil and gas company that used covid as the excuse to layoff most of their sales force. The company received millions from Trudeau. They are posting record profits, gave huge dividends to shareholders and remaining employees received a large Christmas bonuses. Nothing however for those that were let go. The kicker is that the company didn't even need the free money they received. Absolutely nuts what has happened to the world.
Eigen337 wrote:
EVERY single company in the O&G industry that I FOLLOW has RECEIVED Canada Emergency Wage Subsidy (CEWS) benefits !!!
It LOWERED their G&A expense per barrel (oil equivalent for natural gas companies) of production !!!
You would have to be FINANCIALLY NEGLIGENT NOT to take advantage of these government programs !!!
This is my opinion only.
Eigen337