There are more lay off expected to be announced in the coming weeks as a result of restructuring. Pembina and by large the Canadian oil and gas market is going through 'Elite Overproduction' to many wrong people in the wrong spots making a lot of money. The Canadian oil and gas environment is largely uncompetitive due to this high degree of elite overproduction that is not really amounting to much productivity gains in general. Fun times !
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This is a confusing post that means what, exactly? 'Elite overproduction' seems yet another empty buzzword.