Close X
Monday, November 18, 2024
ADVT 
National

Oil Industry Downturn Makes For Low Bidding For Stampede Chuckwagon Ads

Darpan News Desk The Canadian Press, 18 Mar, 2016 01:06 PM
    CALGARY — Mark Sutherland knows first-hand just how bad the downturn in Canada's oil and gas sector really is.
     
    The 45-year-old chuckwagon driver was one of the first to lose his job in 2015 in community relations at a major oil and gas company after 15 years on the job.
     
    He saw the impact again Thursday night at the annual chuckwagon canvas auction for the Calgary Stampede.
     
    That's the event that gives businesses a chance to bid on one of 36 chuckwagon drivers. The winners pay to have their company logo advertised on the canvas covering the rig that is pulled around a track by a team of horses.
     
    "When you buy a newspaper or radio ad it doesn't have a price tag on it for all your customers to see, but when you buy a chuckwagon advertisement it has a pricetag and so companies, I would assume, are afraid about the optics," Sutherland said.
     
    "They know they need to be part of the biggest event but in this economy it's pretty difficult to lay people off and then spend money on advertising."
     
    Thursday's auction raised just under $2.3 million, or about an average of $64,000 per driver.
     
    That number is $480,000 lower than last year's total of $2,782,000 and the worst showing since the last oil and gas downturn in 2010 when it brought in only $1,966,000.
     
    Kurt Bensmiller, the two-time defending GMC Rangeland Derby Champion, received the highest bid on the night at $120,000, down about $50,000 from last year. 
     
    "When the oil's down, everything's down since our economy is built on that but there's still a lot of great companies doing good out there and it showed tonight," he said.
     
    "We budget our whole season on the Calgary Stampede. The other sales definitely help but this is the big one that you know is guaranteed money that you base your whole season on."
     
    It's necessary but not easy. Sutherland said standing on the stage hoping that people will bid for your services is uncomfortable and gives him an idea of what it's like to be an Alberta cow.
     
    His own bid was $85,000, which was up from last year. He predicted things are not going to turn around anytime soon, either for chuckwagons or the oilpatch.
     
    "I have a bunch of great friends who work downtown and I'm still concerned for them," he said. "They're all on the chopping block too - we haven't seen the last of it. I think we're in trouble. I think we're going to be in trouble for a little while longer."

    MORE National ARTICLES

    Crown Says Girls Were Wasting Away, But Regina Couple Says No Proof Of Abuse

    Crown Says Girls Were Wasting Away, But Regina Couple Says No Proof Of Abuse
    Both the defence and the Crown are giving their closing arguments in the trial of a Regina couple accused in the death of a four-year-old girl and of neglecting her younger sister.

    Crown Says Girls Were Wasting Away, But Regina Couple Says No Proof Of Abuse

    Quebec Government To Hold Hearings On Taxi Industry

    Quebec Government To Hold Hearings On Taxi Industry
    MONTREAL — The Quebec government is setting up a legislature committee to look into the taxi industry as well as related services such as Uber.

    Quebec Government To Hold Hearings On Taxi Industry

    TSX, Loonie Soar As Oil Prices Rebound; U.S. Indexes Mixed

    TSX, Loonie Soar As Oil Prices Rebound; U.S. Indexes Mixed
    TORONTO — The Canadian dollar soared to its biggest one-day gain in nearly four years  Wednesday as volatile oil prices turned sharply higher and the Toronto stock market posted a triple-digit gain.

    TSX, Loonie Soar As Oil Prices Rebound; U.S. Indexes Mixed

    Crown Continues To Build Case Against Two Accused In Killing Of Hamilton Man Tim Bosma

    HAMILTON — The Crown is expected to continue building its case in a Hamilton court today with testimony connecting the events that led to two men being charged with murder in the death of Tim Bosma.

    Crown Continues To Build Case Against Two Accused In Killing Of Hamilton Man Tim Bosma

    End Of Great Bear Rainforest Grizzly Hunt To Cost First Nations Millions

    End Of Great Bear Rainforest Grizzly Hunt To Cost First Nations Millions
    Premier Christy Clark announced a landmark deal earlier this week to limit logging and end the commercial grizzly hunt on the central coast, which is home to rare, white spirit bears and 1000-year-old cedar forests.

    End Of Great Bear Rainforest Grizzly Hunt To Cost First Nations Millions

    Winnipeg School Bus Driver Loses Job After Relieving Himself In Public

    Winnipeg School Bus Driver Loses Job After Relieving Himself In Public
    A woman called First Student Canada in early January after she saw the driver repeatedly urinating in public.

    Winnipeg School Bus Driver Loses Job After Relieving Himself In Public