Quote:
Originally Posted by suburbia
I don't know the details, but I question the amount of stability a take over from a company based in a virtually bankrupt country will bring. Just sayin'.
Shall we sell to Portugal, Italy and Greece next?
We should have done better at supporting or at least not hindering China. Our short-sightedness may come back to bite us.
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Quote:
Originally Posted by suburbia
I don't know the details, but I question the amount of stability a take over from a company based in a virtually bankrupt country will bring. Just sayin'.
Shall we sell to Portugal, Italy and Greece next?
We should have done better at supporting or at least not hindering China. Our short-sightedness may come back to bite us.
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Why would you equate Spain being in debt directly with Repsol? It is a private global company. Made 200mil profit last year says wikipedia.
Repsol's Calgary office will likely become a Canadian regional office which is not a win for AC. Especially their flights to Asia - where the concentration of Talisman's recent operations are- those jobs that are HQ based and require travel will soon be made from new people out of Repsol's headquarters in Madrid likely (audit, BD, execs, etc). The most global E&P company headquartered out of Calgary is soon to be gone. Not saying they were filling up planes but there were many times I would be heading over to NRT and conversed with a Talisman employee or two in J. Yyc was a "hub" for Talisman and will now be a spoke for the new owners.
When their new overlords come to Calgary from Madrid they will probably take Iberia/BA (based at MAD). IB is partnered with BA so that may help BA with J loads. The Star Alliance terminal out of Madrid is horrid while the IB terminal is gorgeous.