Our Alberta Advantage

ENERGY INVESTMENT BROKER RESIGNS

This is a harbinger of things to come I'm afraid.

Rick Grafton, a pioneering investment broker in Alberta's energy industry, is walking away from his job as vice-chairman of Canaccord Adams Inc.

He said that "investors are so turned off that they won't even meet with anyone from the oilpatch."

Wow.

Already this phenomenon is visible in the share prices of Alberta Energy companies and it sounds like there is a free fall in investment interest.

As we interview people across the spectrum of the Alberta economy, it would probably be interesting to talk to him about what he is seeing in the capital investment world that Premier Stelmach does not seem willing to address.