Close X
Wednesday, November 20, 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

    Rogers, Bell Tout 4K Television Offerings For Fans Of Live Sports

    Rogers, Bell Tout 4K Television Offerings For Fans Of Live Sports
    TORONTO — Two of Canada's largest telecommunications companies are touting a raft of live sports content for 4K TV owners scrounging for content.

    Rogers, Bell Tout 4K Television Offerings For Fans Of Live Sports

    NDP Must Articulate Its Social Democratic Vision To Canadians: Tom Mulcair

    NDP Must Articulate Its Social Democratic Vision To Canadians: Tom Mulcair
    During a speech at his party's caucus treat in Montebello, Que., Mulcair promised to ensure the NDP remains loyal to its leftist roots.

    NDP Must Articulate Its Social Democratic Vision To Canadians: Tom Mulcair

    Economy Follows Trudeau On Travels To Financial Forum In Switzerland

    Economy Follows Trudeau On Travels To Financial Forum In Switzerland
    Trudeau left Tuesday for Davos and the World Economic Forum, which brings together the world's most powerful and influential political and business leaders, celebrities and activists.

    Economy Follows Trudeau On Travels To Financial Forum In Switzerland

    Top Cop In B.C. Terror Case Concerned About Having Experienced Officers: Court

    Emails read in court show Sgt. Bill Kalkat asked undercover officers how they planned to avoid potential legal issues months before John Nuttall and Amanda Korody were arrested for plotting to blow up the B.C. legislature in 2013.

    Top Cop In B.C. Terror Case Concerned About Having Experienced Officers: Court

    Moody's Adjusts Credit Outlook For Alberta To Negative; Rating Still At Triple-A

    Moody's Adjusts Credit Outlook For Alberta To Negative; Rating Still At Triple-A
    EDMONTON — Alberta's Finance Minister Joe Ceci says Alberta's core spending plan remains in place despite another blow Monday to the province's credit outlook.

    Moody's Adjusts Credit Outlook For Alberta To Negative; Rating Still At Triple-A

    Texas-Based Waste Connections To Take Over Progressive Waste Solutions

    Texas-Based Waste Connections To Take Over Progressive Waste Solutions
    The deal — a type of stock transaction known as a reverse takeover — will create a new Canadian corporate entity that's 70 per cent owned by shareholders of Waste Connections and 30 per cent by shareholders of Progressive Waste.

    Texas-Based Waste Connections To Take Over Progressive Waste Solutions