RE:How High Can Gamehost's Dividend Go?Great post! You took this really conservatively on the population growth model so this is a worst case.
I have a couple questions:
1. Do you think its concerning that oil companies aren't spending as much on capital expenditures this go around? They seem like they were burned hard in 2014 so they are being cautious which means not as many jobs will be generated.
2. Do you think demographic changes could have a meaningful impact on these results? This kind of ties into the last question but generally the oil fields were exempt from receiving foreign labour due to protectionist policies so a lot of the people moving to the oil field areas during the last boom were from within Canada. Now that production is picking up we aren't seeing as many oil field jobs but a lot of the jobs popping up are general service jobs that are picking up steam now that there is more money flowing. Looking at Job Bank (which generally is a source to see where foreign labour is going as it's a requirement to post there for a job before hiring a TFW) there is 418 job postings in Grande Prairie, 347 in Fort McMurray and over 3,700 in South Calgary. A ton of these jobs will be filled from abroad and I am wondering if it will make the same impact that population growth did in the past. Essentially I am asking if you anticipate the population growth to possibly be less prone or less culturally drawn to casinos?
3. What impact do you anticipate rising home costs would have on the ability for individuals to gamble regularly? This is becoming a bigger problem and following chatter online Calgary's home prices have soared in the past few months leaving a potential for less disposable income.