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11-15-2015, 10:45 AM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by JustMe
Well, the producers seem to be doing it, so they appear to think it's viable? Course I suppose a lot of those expenses will afford them tax concessions? Win win for them I suppose.? In the meantime they maintain profits with high retail fuel prices, but I don't have the energy to get into that today. LOL
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As you can see, there is a lot of PO'd oil patch workers out here (about 60,000) that are dealing with the consequences of a bunch of mis informed voters that thought the big evil companies were the reason for all their problems and drank the Kool Aid that the socialist agenda would be their ticket to Utopia...the chickens are now coming home to roost....ain't life grand??? Anyone you know get their cheque for their "fair share" of a resource they have no clue about?. I guess the point is, a lot of us are tired about defending our livelihood when all we get in a response is lunch room rumors and statements of hearsay with no actual facts/knowledge of what is really happening. sad times for a once great province
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The future ain't what it used to be - Yogi Berra
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11-15-2015, 10:50 AM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,862
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Quote:
Originally Posted by JustMe
The point you may have missed is the US is planning on becoming oil self sufficient in the next couple of years. The major producers of course don't want this to happen, as right now the US in a huge market for them. The only thing they can do is keep the price of oil low in the hopes that the US keeps buying from them.
All signs point to long term "low" oil prices. It ain't going up substantially for 3 - 5 years. Wishing won't make it happen. IMO, $50/bbl oil is the new standard.
Can Canada compete at this price? Not with what it cost to produce a bbl of oil here today. Overheads and wages are going to have to decrease greatly if we want to once again be a player in the world oil scene. Are we willing to make those sacrifices? Only if we want to be a viable oil producer. If not, we'll all soon be working at McDonalds and Walmart. Bet on it....
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Actually once again you are guessing.
Which major producers are you speculating on? Do they have investment in the US?
With 30+% drop in costs...legacy oilsands projects are still above water at $50.
Here is data from 2013 for reference. break even point for Syncrude is $43.46 US/bbl.
$43.46 break even Syncrude price
Operating costs have also fallen since August.
Feel free to actually look up your own facts going forward before posting.
Since long term commodity price predictions are pure guess work at this point I can not disagree that the NDP government should be using $50/bbl for the next 3 years on average.
Wages and costs are coming down. Oil companies are doing wage freezes and roll backs. Rigs are shutting down and rehiring later for lower wages.
Effect is slow recovery...lower tax base for the NDP spending platform. Increasing corporate taxes means less money as jobs are cuts and profits fall. Royalty uncertainty and potential unfairness forces investment elsewhere. Jobs leave...tax base shrinks further.
Increasing personal taxes means less money going into economic growth.
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It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
Last edited by Sundancefisher; 11-15-2015 at 11:02 AM.
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11-15-2015, 10:54 AM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,862
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Quote:
Originally Posted by JustMe
No, of course not, but we have to realize a lot of things are beyond her control. We are but a small player on the world stage, but we are going to pay a great price for a world wide problem because we are so reliant on the oil and gas industry. How we move away from that reliance, I don't know. Diversity is the answer I think but to what?
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A post that while still opinion I can agree with.
Industry can adapt...so long as the NDP don't throw up needless road blocks.
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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11-15-2015, 11:02 AM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by Sundancefisher
A post that while still opinion I can agree with.
Industry can adapt...so long as the NDP don't throw up needless road blocks.
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along with an anti-business Gov't. we have the issue that Alberta is just not attractive to many new ventures in this day and age, we are landlocked with neighbors to the west that fight tooth and nail against anything going thru' there that will not benefit them directly, as well as our climate. Good luck attracting people from the Silicon Valley to re locate here. Also you have the problem of anything that is proposed will immediately launch the "green team" funded by the companies that are against any type of competition...tough road right now I'm afraid until the socialists figure out that business greases the wheels and budgets don't "balance themselves" or the best answer they can come up with to keep their voting base happy is to borrow and mortgage your grandchildren's future
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The future ain't what it used to be - Yogi Berra
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11-15-2015, 11:22 AM
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Join Date: Jun 2014
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[QUOTE=JustMe;3033981] The point you may have missed is the US is planning on becoming oil self sufficient in the next couple of years.
all I can say to that is LOL
https://www.energyvoice.com/oilandga...ulf-of-mexico/
Last edited by Skytop B; 11-15-2015 at 11:32 AM.
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11-15-2015, 03:10 PM
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Banned
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Join Date: Jul 2013
Posts: 1,271
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Quote:
Originally Posted by hal53
Wasn't that long ago that the guys in conventional were giggly at $50-60 oil, oil sands and going after the much tighter plays is not so shiny at that price
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I don't know any conventional producer that is giggly about 50 to 60 buck oil.
One of the biggest unkowns is Nutley's Royalty Structure. When oil is on the upswing they will be grabbing with both hands and feet. A huge factor if you want to either do some exploration or field development. The rules have to be clarified and soon!!
Our group was all set to do another start-up until May. Not now. It's not only due to the present Government both Provincial and Federal, it also has to do with very very uncertain pricing for some time to come.
We'll be keeping our powder very dry!
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11-15-2015, 04:52 PM
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Join Date: Jan 2015
Posts: 497
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Quote:
Originally Posted by JustMe
The point you may have missed is the US is planning on becoming oil self sufficient in the next couple of years. The major producers of course don't want this to happen, as right now the US in a huge market for them. The only thing they can do is keep the price of oil low in the hopes that the US keeps buying from them.
All signs point to long term "low" oil prices. It ain't going up substantially for 3 - 5 years...
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No way the US becomes self sufficient. The US rig count has more than halved in the past year. No one saw this glut coming and after a year of low
Oil you predict 3-5 years of the same? Good luck, no one has the slightest idea where oil will move that far into the future.
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11-15-2015, 05:24 PM
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Join Date: Mar 2015
Posts: 1,783
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Quote:
Originally Posted by hal53
As you can see, there is a lot of PO'd oil patch workers out here (about 60,000) that are dealing with the consequences of a bunch of mis informed voters that thought the big evil companies were the reason for all their problems and drank the Kool Aid that the socialist agenda would be their ticket to Utopia...the chickens are now coming home to roost....ain't life grand??? Anyone you know get their cheque for their "fair share" of a resource they have no clue about?. I guess the point is, a lot of us are tired about defending our livelihood when all we get in a response is lunch room rumors and statements of hearsay with no actual facts/knowledge of what is really happening. sad times for a once great province
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actually the opposite ...you'll see..oil/gas is out dated very soon ...no one wants dirty oil ..... good grief..we need someone to protect it from your sorts..and by the way 60,000 fake jobs ..come to Alberta and make 250,000 and leave ...good stuff !!!!!
Last edited by Rio56; 11-15-2015 at 05:30 PM.
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11-15-2015, 05:32 PM
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Join Date: Jul 2011
Location: Ft. McMurray, Ab.
Posts: 135
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Prospering
NDP--"You can't tax the economy into prosperity, it's like a man in a bucket trying to pull himself up with the handle!" Churchill
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11-15-2015, 05:36 PM
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Join Date: Jul 2015
Posts: 137
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Quote:
Originally Posted by Rio56
[/COLOR]
actually the opposite ...you'll see..oil/gas is out dated very soon ...no one wants dirty oil ..... good grief..we need someone to protect it from your sorts..and by the way 60,000 fake jobs ..come to Alberta and make 250,000 and leave ...good stuff !!!!!
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People like you amaze me, we are decades away from not needing oil, dirty oil??? Where is this dirty oil??
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11-15-2015, 05:40 PM
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Join Date: Mar 2015
Posts: 1,783
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Quote:
Originally Posted by sdvc
NDP--"You can't tax the economy into prosperity, it's like a man in a bucket trying to pull himself up with the handle!" Churchill
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PC's "you cant give away our resources and future " but we need a handle on the give away chit .... in other words how much do we wanna export and give away our country .... piece by piece
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11-15-2015, 05:41 PM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by Rio56
[/COLOR]
actually the opposite ...you'll see..oil/gas is out dated very soon ...no one wants dirty oil ..... good grief..we need someone to protect it from your sorts..and by the way 60,000 fake jobs ..come to Alberta and make 250,000 and leave ...good stuff !!!!!
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You are very out of touch with reality, now phone up Greenpeace and ask them what your response to this should be....
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The future ain't what it used to be - Yogi Berra
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11-15-2015, 05:45 PM
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Join Date: Mar 2015
Posts: 1,783
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Quote:
Originally Posted by Trappingman
People like you amaze me, we are decades away from not needing oil, dirty oil??? Where is this dirty oil??
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"Tar Sands" .....lol ... and foreign ownership ...oil business is not here but we can all see the end from here .....
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11-15-2015, 05:49 PM
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Join Date: Jan 2015
Posts: 497
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Quote:
Originally Posted by Rio56
[/COLOR]
actually the opposite ...you'll see..oil/gas is out dated very soon ...no one wants dirty oil ..... good grief..we need someone to protect it from your sorts..and by the way 60,000 fake jobs ..come to Alberta and make 250,000 and leave ...good stuff !!!!!
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Where in the world is oil not dirty? It's always messy black stuff. Requires energy to pull it out of the ground. People hate "dirty" oil until gas prices go up and than any oil is ok.
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11-15-2015, 05:50 PM
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Join Date: Jun 2012
Posts: 303
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Quote:
Originally Posted by JustMe
I know, Hal, we all get frustrated and we also know that this is likely going to be worse than anything we've seen before.
I enjoy honest debate, but although not a NDP member or anything, I get frustrated by seeing fingers constantly being pointed at them for something we know they have no real control over.....
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It was Ok when the NDP blamed Harper for the economic downturn in 2008. What goes around comes around. Let them deal wit it and stop making excuses for them.
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11-15-2015, 05:52 PM
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Join Date: Mar 2015
Posts: 1,783
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Quote:
Originally Posted by hal53
You are very out of touch with reality, now phone up Greenpeace and ask them what your response to this should be....
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Hal.. come to Alberta and make $250,000 a year and then leave when the price drops ..is that a good economy ....give it up ....
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11-15-2015, 06:09 PM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,862
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Quote:
Originally Posted by Rio56
Hal.. come to Alberta and make $250,000 a year and then leave when the price drops ..is that a good economy ....give it up ....
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Great. Another troller coming to insult hard working Albertans experiencing a recession and a government just making it worse.
You clearly are not an economists nor do you have any relevant oil and gas experience in which to make disparaging comments from.
Question is how long till you get banned?
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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11-15-2015, 06:16 PM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by Rio56
Hal.. come to Alberta and make $250,000 a year and then leave when the price drops ..is that a good economy ....give it up ....
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I have been working in the patch since the likes of you were wearing 3 cornered pants and crapping green, go troll someplace else
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The future ain't what it used to be - Yogi Berra
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11-15-2015, 06:39 PM
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Join Date: Jul 2015
Posts: 137
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Quote:
Originally Posted by Rio56
"Tar Sands" .....lol ... and foreign ownership ...oil business is not here but we can all see the end from here .....
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There not tar sands, tar is a man made substance.... Another trolling hypocrit.
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11-15-2015, 06:44 PM
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Join Date: Aug 2009
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I expect $35 before year end. Stocks are overpriced and need another correction.
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11-15-2015, 07:33 PM
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Join Date: Mar 2015
Posts: 1,783
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Quote:
Originally Posted by trouty
I expect $35 before year end. Stocks are overpriced and need another correction.
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I agree ....
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11-15-2015, 07:38 PM
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Join Date: Mar 2015
Posts: 1,783
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Quote:
Originally Posted by Sundancefisher
Great. Another troller coming to insult hard working Albertans experiencing a recession and a government just making it worse.
You clearly are not an economists nor do you have any relevant oil and gas experience in which to make disparaging comments from.
Question is how long till you get banned?
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I think you missed my point ..and getting banned ? If you're 18 and wanna make some big bucks...move to Alberta ....make a huge wage in oil/gas .. hang out for prices to drop ..lets go back home ...that not economy structure ....sorry pal
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11-15-2015, 07:41 PM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,862
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Quote:
Originally Posted by Rio56
I think you missed my point ..and getting banned ? If you're 18 and wanna make some big bucks...move to Alberta ....make a huge wage in oil/gas .. economy prices drop ..lets go back home ...that not economy structure ....sorry pal
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Clearly you have no idea how the oil patch works. How much do you think an 18 year old moving to Alberta a few years back would make per year in the oil patch?
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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11-15-2015, 07:44 PM
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Join Date: Mar 2015
Posts: 1,783
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Quote:
Originally Posted by Sundancefisher
Clearly you have no idea how the oil patch works. How much do you think an 18 year old moving to Alberta a few years back would make per year in the oil patch?
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why don't you tell me ? and then what is the problem if the prices drop ...????
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11-15-2015, 07:47 PM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,862
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Quote:
Originally Posted by Rio56
why don't you tell me ? and then what is the problem if the prices drop ...????
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You're the one making the vague statements. Just looking for clarity into what your intellect is trying to convey.
Please answer the question.
What is this "huge wage" you are talking about?
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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11-15-2015, 07:51 PM
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Join Date: Dec 2011
Location: Alberta
Posts: 545
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agreed $35 maybe lower. The world has been awash in oil for years. How/why the price stayed at 100/bbl is????
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11-15-2015, 07:55 PM
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Join Date: Mar 2015
Posts: 1,783
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Quote:
Originally Posted by Sundancefisher
You're the one making the vague statements. Just looking for clarity into what your intellect is trying to convey.
Please answer the question.
What is this "huge wage" you are talking about?
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am asking for the second time ... what happens when the price of oil drops and we have workers here in Alberta ( from outa province ) that have bought 500,000 houses and 75,000 vehicles and then go BROKE and GO home ?? tell me how this is good for Alberta ???
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11-15-2015, 08:04 PM
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Join Date: Sep 2014
Location: McBride/Prince George
Posts: 14,555
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Quote:
Originally Posted by Sundancefisher
Clearly you have no idea how the oil patch works. How much do you think an 18 year old moving to Alberta a few years back would make per year in the oil patch?
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70-100g maybe a bit more.
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11-15-2015, 08:07 PM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,862
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Quote:
Originally Posted by Rio56
am asking for the second time ... what happens when the price of oil drops and we have workers here in Alberta ( from outa province ) that have bought 500,000 houses and 75,000 vehicles and then go BROKE and GO home ?? tell me how this is good for Alberta ???
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Seriously. Clearly you are trolling. You say something then won't clarify. Change the subject and redirect. You made a statement now own it.
Classic.
Thanks
You just confirmed to everyone you are a simple troller.
Have a nice night.
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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11-15-2015, 08:09 PM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,862
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Quote:
Originally Posted by Talking moose
70-100g maybe a bit more.
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Lol
Wanted to hear this kids theory of what a huge wage is.
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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