RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ATCO & PioneerLOL its comical the levels of incompetence in AB and Canada management. Always chasing tomorrow's penny missing the $100s LMFAO. All they had to do was turn off the taps for 3 months to various blockers...instead... 1. approve $50BN in oil sands expansion with zero market access. Sure let's build 2000K homes with no roads, water, or sanitation...brilliant. So the serious foreign capital permanently left writing off $100 BN on the way out. 2. Sponsored a diesel refinery that's now so embarrassingly over schedule and few BN over budget will lose money forever and no one even talks about it. By the time it's in production batteries will take over maybe we can dismantles and sell to Africa or Pakistan for $2. 3. Very smart move to bypass all enormous political pipeline risks by getting own fleet of rail tankers unwound by very smart people on the payroll of global oil traders at a $3-4BN loss to traders can get their 80% off shore margins back. 4. Sponsoring 3 BN in petchem plants running embarassingly over budget and behind schedule and so far from custiomers, no one even released updates dispute the material line item on the ledger of public cos. 5. Buying an XL pipeline loaded with so much risk that even the infamous Canadian industrial money laundering machine would not touch...there goes another few BN. And then there is TWM who received a substantial purchase leaseback offer I. The many millions and declined it out of pure arrogance. The faster the welfare stops and unexplained wealth is criminalized with incarceration pending trial the faster Canada will emerge from a cloud of corruption and incompetency that keeps all foreign capital away.
fauxtomato wrote: Spent $200m building a pipeline that's worth $0 now, typical Alberta.