RE:RE:RE:RE:RE:Div hike or Debt reduction?Yasch22 wrote: Ah yes, the Liberal Elites. Those virtue-signalling hypocrites who are
-- allowing the extension of revolving debt agreements with every single viable O&G player in Canada
-- presiding over record profit-taking plus record provincial surpluses
-- keeping companies like Exxon near the top of the S&P 500 ESG Index while dropping companies like Tesla from the same
-- making big announcements about funding + plans for the New Hydrogen Economy
-- spending $15 billion of taxpayer money to keep the TransMountain Project intact, and spending millions more on legal actions to
(a) stop Michigan & Minnesota from shutting down pipelines into the US
(b) ensure the contruction of LNG pipelines in Canada to the west coast.
Irony aside, it is also true that O&G developers will probably continue to lessen their dependence on the good graces of all the wannabe Scrooges running the big banks. But that's exactly what investors and responsible boards of directors should also want. We're in the middle of a massive and measured transition to renewable energy. It is what it is.
Alberta suffered through 8yrs of recession, a year of and half of consecutive quarterly NEGATIVE migration, countless businesses going bankrupt and many just barely hanging on, workers going bankrupt, 180,000 energy sector related jobs lost, and you want to even mention Liberals and Albertans in the same sentence.
After all that the Feds offered $1B to Alberta, earmarked for cleanup of orphaned wells.
Your Elitist fluff may fool many on SH but it won't work with me.
I don't waste time with supporters of Canada's Unqualified Liberal Unicorn Party.
What happens when the workers stop working?
The woke start complaining.
Happening now.