Well said. On the stock front all the majors have done well making their shareholders who participated last year some serious money. New money going to work now at these high levels beware.

The story I am trying to convey here is life is a rollercoaster in these one horse towns. The previous governments have set up an infrastructure that is very very inefficient( ie, subdivisions which are very very expensive to maintain) based on permanet growth that we have grown accustomed to. This scenario in a resource town is toxic and in the longterm will be doomed.

Alberta apart from the tourism and ag business is primarily a resource extraction jurisdiction/town...something like Dawson City was many many years ago.

People should be prepared to leave, and the city/province redfine itself   IE  decomission alot of the towns and perhaps even cities.  Workers to be shuttled around the country where needed.  IT is painful albeit rational medicine required for sustainablilty