Close X
Tuesday, November 19, 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

    Ministers To Put Dollars, Marijuana On Health Agenda With Ottawa

    The ministers say they'll be asking Federal Health Minister Jane Philpott to boost Ottawa's share of health spending to at least 25 per cent of their budgets.

    Ministers To Put Dollars, Marijuana On Health Agenda With Ottawa

    'Homeless Jesus' Statue Being Mistaken For Real Person In Hamilton

    'Homeless Jesus' Statue Being Mistaken For Real Person In Hamilton
    HAMILTON — A statue in the southern Ontario city of Hamilton is getting a lot of attention from paramedics as a recent blast of wintry weather has resulted in calls about a homeless person sleeping on a bench.

    'Homeless Jesus' Statue Being Mistaken For Real Person In Hamilton

    Financial Jolt Assists B.C. Program Training Electric Car Technicians

    Energy and Mines Minister Bill Bennett says the province will provide $50,000 to help certified electricians receive training in the installation and maintenance of charging stations for the cars.

    Financial Jolt Assists B.C. Program Training Electric Car Technicians

    Liberal Tax Changes To Drain About $100Million More Per Year Than Expected: Watchdog

    Since winning the election, the Liberals fulfilled their campaign vow to cut federal income taxes for middle-income earners by raising the rate on the highest-earning Canadians

    Liberal Tax Changes To Drain About $100Million More Per Year Than Expected: Watchdog

    Cases Of Mesothelioma, Deadly Cancer Caused By Asbestos Exposure, On Rise: Statistics Canada

    Cases Of Mesothelioma, Deadly Cancer Caused By Asbestos Exposure, On Rise: Statistics Canada
    Described as a "cruel" disease, mesothelioma is an aggressive cancer that develops in the lining of the lungs as a result of inhaling asbestos dust and fibres.

    Cases Of Mesothelioma, Deadly Cancer Caused By Asbestos Exposure, On Rise: Statistics Canada

    Opposition Says Government Needs To Be Clearer About Options To Balance Budget

    Opposition Says Government Needs To Be Clearer About Options To Balance Budget
    REGINA — Premier Brad Wall says Saskatchewan's finance minister was talking about options governments face when they're short revenue when he used the phrase "draconian cuts."

    Opposition Says Government Needs To Be Clearer About Options To Balance Budget