RE:So you think CPG is wonderful?
This is the same bunch of nonsense most oilfield service guys generally write. Most of those services guys in SE Saskatchewan built their business off of the back of Crescent Point, PBN, Cenovus, and the few others that still operate down there. They gouge for years and years and then complain when someone comes back and asks them to sharpen their pencil.
Cost of living be damned - would you rather take a cut to $30/hr or would you rather be laid off? Pretty simple decision and there is still money to be made by the Service Co as a result.
And anybody that owns a vac truck business and makes less than 10% profit margin in a 2014 environment isn't the brightest gent. Basic business sense would tell you that you're not generating enough cash flow to replace your rapidly depreciating asset base by the end of its useful life. So probably shouldn't be expanding by leaps and bounds (on the back of CPG).
Also interesting that one of his beefs is with 'demanding safety requirements'. Fully appreciate that safety isn't cheap, but its your own life (and those of your employees) that CPG is trying to protect.