The election was called soon after Premier
Danny Williams announced the popular Hebron Oil Field deal, and it was widely considered a foregone conclusion that Williams'
Progressive Conservatives would be reelected. Polls during the campaign showed the Conservatives reaching up to 73 per cent of voter support, leading some commentators to speculate that the party could in fact win every seat in the House of Assembly — a feat accomplished only twice before in Canadian history, in
Prince Edward Island in the
1935 election and in
New Brunswick in the
1987 election. On election day, the Progressive Conservatives did win ten more seats than they held at the dissolution of the previous legislature, and won just under 70 per cent of the popular vote, the highest popular vote share ever attained by a party in the province. However, they did not sweep all 48 seats in the legislature though their popular vote share was higher than the winning party's share in the 1935 PEI election and the 1987 New Brunswick election. Three
Liberal incumbents, as well as
New Democratic Party leader
Lorraine Michael, successfully held their seats. Notably, however, Liberal leader
Gerry Reid was
not reelected in his own riding. ==Grand Falls-Windsor—Buchans and Bonavista South==