RE:RE:RE:Trying to see impact of increased vacancy in AlbertaPokerchamp wrote:
Everyone agrees that things are going to get worse in Alberta especially after OPEC decided to increase production in Vienna on Friday.
I'm trying to look at a worst case scenario with oil dropping further for a couple of years. Oil companies are continue to shed jobs leading to greater vacancies in Alberta. This and the four new office buildings being completed will result in lower rents as well. How long can Dream live with that without cutting distributions?
OPEC did not decide to increase production, they decided to maintain it. Not that it matters because the OPEC is for all things practical dissolved.
An equilibrium price for oil is around $60 WTI. $40 is not sustainable long term and demand will quickly overflow production.