Monday, November 1, 2010

The Road Not Taken

Brad Wall is apparently uninvited to Ottawa (SP Nov. 1/10.) This can only mean that the Federal Government has already made the decision regarding the takeover bid or that Wall's cordial relationship with Harper is at an end - a dead end. On the upside, Lingenfelter can now support Wall's resolution as neither will be travelling East.

I hope Harper says he will approve the deal if BHP can negotiate a settlement with Wall. Perhaps then Canadian businesses won't take the hit, only those located in Saskatchewan.

I heard from a reliable source in Regina that a poll was commissioned for the NDP and that 75% of those polled would like to see PCS "recovered" by the government. The poll didn't include the question of where the government should get the $40 to $50 billion dollars necessary to do that - because the share price would increase substantially if investors knew a government was buying it back. It will be interesting to see how the government reacts to this poll, and we can assume what the NDP will do with it as they commissioned it.

Generally speaking, the road not taken by politicians is the high road.

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