How do you know that layoff numbers of trans Canada is more than enbridge? transcanada does not layoff employees on quarterly basis.
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As an insider I know for a fact that oil needs to consistently get above $70 for any oil company to consider growing their employee base. As long as it is under they will continue to shed costs. That is just the reality of working for any company that is publicly traded and lives and dies on its share price. Same for TransCanada, Suncor etc ( which have let go way more than Enbridge ). Low share price. Less investors less work. Just a downward spiral that is a result of the commodity you sell
What I find telling is that no matter what the price of oil does, the executive compensation chart has only one direction.
What the majority of people who work at Enbridge Gas Distribution do not realize is that even though you are a natural gas distributor, your company lives and dies on the price of OIL. Enbridge is a major oil transporter and the revenue raised from that far exceeds the revenue raised by EGD and the distribution of natural gas. The old Consumers Gas days are gone. As the price of oil goes, unfortunately so does EGD as it is simply one division in the overall scope of Enbridge.
obviously, you don't know what EGD is. please stop your message.
Oil isn't just for energy Einstein
Oil is heading back down into the $30's range.
Many thought they had survived the crash. Nope, cause this crash has no end. It is being orchestrated purposefully to transition into clean energy. It's called "Sustainable Development" and every nation and world leader are on board.
Notice their stated energy sources do not include oil. Laugh it off all you want, as you make your way to the unemployment line.
Why just EGD and not the other ?
Thanks captain obvious. I'm sure everyone is scared