GREY:WFREF - Post by User
Comment by
hallggon Mar 22, 2015 11:21am
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Post# 23548394
RE:The True Value of LRE
RE:The True Value of LRE
You and your hidden agenda. CIBC, Dundee and all others are getting together to a conspiracy . Heavy claim ! How about that hey can see that management failed. I can not believe that you can not see that. Sure everybody parities when oil was at a hundred. These guy's took peoples money and was spending it like there was no tomorrow. I kept telling my son-in-law to put money away for a rainy day. Sorry, but oil workers who get laid off the banks take all their homes and toys away because they spend wy more than saved . I lived in Edmonton when the boom and bust happen in the 80's. People tend to forget. Peter Lougheed was a great Premier of AB. and seen this so he set up the heritage trust fund for bad times. Huh, why do CEOs do not follow? So in a simple plain fact is that these guys were spending more than what they could handle. In an unfair world you will get punished. You do not have to lose any sleep and worry about your money for the management team are still collecting their huge salaries and bonuses. They probably cannot sleep worried about your investment or gambling money. When they finish running this into the ground they will start a new company and try to do it all over again when oil goes to a hundred. Let's not forget all the lawyers fees. History does have a tendency to repeat itself and for us do we learn or forget? For myself I have learned this from the 80's. The great thing at time was the Edmonton Oilers Dynasty at time.