[Full Mountain]

Originally Posted by ItsALondonThing

As someone who is shortly emigrating to Calgary, and as somebody who works for a consultancy in Oil & Gas, I am a little concerned to read the stories in the press over the last few days regarding the drop in oil price and how its likely to be very negative for the Alberta economy. Here are links to just a few:

http://globalnews.ca/news/1617917/oi...nd-canada-too/

http://www.theglobeandmail.com/repor...ticle21116012/

http://www.edmontonjournal.com/Alber...975/story.html

To what extent will this affect Calgary? Will we see big projects cancelled and cut backs in state spending?

At worst you'll see some big extraction projects timelines pushed, but for the most part they will go forward. There is only a very remote chance that the price won't return to a $100+ level in the next while.

And if you're really concerned look at the midstream market, it's the place to make the differential.