Go Back   Alberta Outdoorsmen Forum > Main Category > General Discussion

Reply
 
Thread Tools Display Modes
  #1  
Old 01-04-2016, 09:07 PM
Mangosteen Mangosteen is offline
Banned
 
Join Date: Feb 2015
Location: In the Orchard or Punta Sal Peru
Posts: 1,022
Default 16 percent rig utilization Jan 4

Incredible.

Now that the north is frozen in ( or could be ) today's rig utilization is only 16 percent in contrast to around 90 percent for this most opportune time for muskeg access.

Never thought I would ever see the day.

The ripple effect of this will be incredible all over the province.

No end in sight yet.

I wonder how much marginal production is going to be shut in next.
Reply With Quote
  #2  
Old 01-04-2016, 09:17 PM
Bergerboy's Avatar
Bergerboy Bergerboy is offline
 
Join Date: Dec 2013
Location: In your personal space.
Posts: 4,787
Default

Its over.
Reply With Quote
  #3  
Old 01-04-2016, 09:25 PM
Mangosteen Mangosteen is offline
Banned
 
Join Date: Feb 2015
Location: In the Orchard or Punta Sal Peru
Posts: 1,022
Default Equipment

I wonder what the banks are going to do with all the equipment.

Ritchie Bros will be interesting in the next few months.
Reply With Quote
  #4  
Old 01-04-2016, 09:27 PM
Bergerboy's Avatar
Bergerboy Bergerboy is offline
 
Join Date: Dec 2013
Location: In your personal space.
Posts: 4,787
Default

Quote:
Originally Posted by Mangosteen View Post
I wonder what the banks are going to do with all the equipment.

Ritchie Bros will be interesting in the next few months.
Lots of stuff will go south again as the yanks will get good deals with the condition of our dollar. Ritchie Bros will have another good run.
Reply With Quote
  #5  
Old 01-04-2016, 09:50 PM
sirmike68 sirmike68 is offline
 
Join Date: Jun 2007
Location: Fort Saskatchewan
Posts: 620
Default

Yup not good, the refinery is reduced to 60 % capacity throughput because all the tanks are full and no buyers. Strange how diesel price will not drop below 90 though. Thieves.
Reply With Quote
  #6  
Old 01-04-2016, 09:50 PM
Albertacoyotecaller Albertacoyotecaller is offline
 
Join Date: Jun 2007
Posts: 1,021
Default

The auction house always does well!
__________________
Visit the Peace Country Fish & Game Association

PCFGA on Facebook
Reply With Quote
  #7  
Old 01-04-2016, 09:53 PM
JustBen's Avatar
JustBen JustBen is offline
 
Join Date: Feb 2013
Location: Stavely, AB
Posts: 785
Default

Doesn't leave me feeling warm and fuzzy inside...
Reply With Quote
  #8  
Old 01-04-2016, 09:58 PM
Mangosteen Mangosteen is offline
Banned
 
Join Date: Feb 2015
Location: In the Orchard or Punta Sal Peru
Posts: 1,022
Default New York Goldman Sachs

Quote:
Originally Posted by sirmike68 View Post
Yup not good, the refinery is reduced to 60 % capacity throughput because all the tanks are full and no buyers. Strange how diesel price will not drop below 90 though. Thieves.
Goldman Sachs was giving a warning early Dec about the first quarter of 2016 and no storage capacity in North America.

Well with no rigs running and no hauling, no dozers running, no water trucks, no generators etc. Not to mention all the completions and testing operations suspended. Stimulation gone. Pipelining gone.

I bet the only drilling going on is to prevent leases from expiring or farm in commitments to hold land. Nothing more. Dismal.

We just shut down around 3000 gallons a day times 500 rigs and not even counting the ripple effect so diesel demand is no longer there.

I wonder if the planners are going to double or triple the police force in the province. I can see a big crime spree coming.
Reply With Quote
  #9  
Old 01-04-2016, 10:03 PM
gman1978 gman1978 is offline
 
Join Date: Nov 2007
Location: Alberta
Posts: 1,239
Default

Quote:
Originally Posted by Mangosteen View Post
Goldman Sachs was giving a warning early Dec about the first quarter of 2016 and no storage capacity in North America.

Well with no rigs running and no hauling, no dozers running, no water trucks, no generators etc. Not to mention all the completions and testing operations suspended. Stimulation gone. Pipelining gone.

I bet the only drilling going on is to prevent leases from expiring or farm in commitments to hold land. Nothing more. Dismal.

We just shut down around 3000 gallons a day times 500 rigs and not even counting the ripple effect so diesel demand is no longer there.

I wonder if the planners are going to double or triple the police force in the province. I can see a big crime spree coming.
I am not sure about the crime spree thing. Thieves are thieves and I don't think a good person is going to steal because they lost there job. I guess people with addiction problems will steal to feed the habit if the bank account is dry. Maybe I am wrong !!!
Reply With Quote
  #10  
Old 01-04-2016, 10:09 PM
Big Lou's Avatar
Big Lou Big Lou is offline
 
Join Date: Dec 2012
Location: AB
Posts: 800
Default

Quote:
Originally Posted by Mangosteen View Post
Incredible.

Now that the north is frozen in ( or could be ) today's rig utilization is only 16 percent in contrast to around 90 percent for this most opportune time for muskeg access.

Never thought I would ever see the day.

The ripple effect of this will be incredible all over the province.

No end in sight yet.

I wonder how much marginal production is going to be shut in next.

Where I'm at they've been shutting in marginal producers for over a year. When the price was high everything in the field was driven by volume. The transition at this point has been to everything being driven by pure economics. Which had to happen and is proving that you can still be profitable but at a smaller margin. I'm speaking of a transition from heavy to conventional also. Conventional has always been driven by economics.

As a company we are almost bang on with the average for activity industry wide at 16%. I've been watching a lot of the RB sales and agree with previous posts that equip will still move even if it is going south. There has not been near the level of bidding from the floor as previous.
Reply With Quote
  #11  
Old 01-04-2016, 10:53 PM
Twist Twist is offline
 
Join Date: Dec 2015
Posts: 368
Default

Quote:
Originally Posted by gman1978 View Post
I am not sure about the crime spree thing. Thieves are thieves and I don't think a good person is going to steal because they lost there job. I guess people with addiction problems will steal to feed the habit if the bank account is dry. Maybe I am wrong !!!
Desperate people do desperate things.

If you have people out of work for a long time with families to feed, they may resort to criminal activity to survive.

How many lost youth sling dope on the corner because that's all they can do to make a buck?

Not just drug addicts steal when times are tough.

A good reminder to those of us still employed to help out our food banks, clothing banks, soup kitchens, and shelters.
Reply With Quote
  #12  
Old 01-04-2016, 11:44 PM
Bushleague Bushleague is offline
 
Join Date: May 2014
Posts: 3,555
Default

Quote:
Originally Posted by Twist View Post
Desperate people do desperate things.

If you have people out of work for a long time with families to feed, they may resort to criminal activity to survive.

How many lost youth sling dope on the corner because that's all they can do to make a buck?

Not just drug addicts steal when times are tough.

A good reminder to those of us still employed to help out our food banks, clothing banks, soup kitchens, and shelters.
Its somewhat funny how people will do all sorts of desperate things... other than take a pay cut and maybe a shot to the old pride and keep working. The mill I currently work at is perpetually trying to fill for entry level positions but in my neck of the woods people would rather go broke on EI than push a broom for $20 a hour on night shift. The service rigs are starting to fire up in my area and nobody wants to do that either. My dad does security at RB auctions and tells me they are looking for laborers... few takers.

So yes, I would say that the current situation does share some similarities to the "lost youth selling dope" analogy. I'm not going to say its not a tough situation, I'm sure that there are actually people out there that literally can not find work... but I see a lot of people that are willing to do any number of desparate things rather than take an entry level job, cancel their cell phone plan, and quit smoking... Me, I'm sitting pretty good this time, but last slump I did what I had to, took what work was available and cut my costs wherever I could.
__________________
If the good lord didnt want me to ride a four wheeler with no shirt on, then how come my nipples grow back after every wipeout?

Last edited by Bushleague; 01-04-2016 at 11:56 PM.
Reply With Quote
  #13  
Old 01-05-2016, 07:38 AM
dale7637's Avatar
dale7637 dale7637 is offline
 
Join Date: Apr 2009
Location: High Level
Posts: 2,237
Default

It sure is sad.
Most years, the lineup at the cardlocks in the mornings is 10 trucks deep here.
This year...I don't have to wait for anyone.

Im so happy I got away from the upstream side this year...production is never 100% safe..but im sleeping better at night.
__________________
Beer- Because good stories never start with a salad.
Reply With Quote
  #14  
Old 01-05-2016, 08:47 AM
JustMe JustMe is offline
 
Join Date: May 2015
Posts: 1,414
Default

Before this gets political, it's not just an Alberta event, but all over. The new "norm" for the foreseeable future is $50/Bbl oil. Diversification is the key for Alberta and Canada. Time to get back to producing consumer goods, instead of just raw materails and there by supporting foreign ecomomies...

http://www.wtrg.com/rotaryrigs.html


Quote:
Originally Posted by Mangosteen View Post
Incredible.

Now that the north is frozen in ( or could be ) today's rig utilization is only 16 percent in contrast to around 90 percent for this most opportune time for muskeg access.

Never thought I would ever see the day.

The ripple effect of this will be incredible all over the province.

No end in sight yet.

I wonder how much marginal production is going to be shut in next.
Reply With Quote
  #15  
Old 01-05-2016, 08:53 AM
Deer Hunter Deer Hunter is offline
Banned
 
Join Date: Jun 2007
Posts: 4,158
Default

Any jurisdiction in the world would give anything to have the natural resources Alberta has. Oil, NG, coal etc.
All we have done is mismanage it with the inability to realize global market prices and now we want to diversify into something else? Like what? I hear military weapon sales are hot right now. Anyone know how to build a fighter jet? When, as a nation, we cant even build a pipeline....
Reply With Quote
  #16  
Old 01-05-2016, 09:06 AM
Hat in the Cat's Avatar
Hat in the Cat Hat in the Cat is offline
 
Join Date: May 2012
Location: Edmonton
Posts: 594
Default

Quote:
Originally Posted by JustMe View Post
Before this gets political, it's not just an Alberta event, but all over. The new "norm" for the foreseeable future is $50/Bbl oil. Diversification is the key for Alberta and Canada. Time to get back to producing consumer goods, instead of just raw materails and there by supporting foreign ecomomies...

http://www.wtrg.com/rotaryrigs.html
Canada's economy is (in my opinion) quite diversified. The problem is that we have an abundance of resources one being oil. People seem to cling to the catch phrase "diversify" but there is no way for the other sectors to catch up with oil so they expect us to ignore oil to bring it down to a level in line with the remaining sectors.

Who knows, maybe the Saudis will bring the price back up to fill the coffers to deal with Iran...
__________________
Never underestimate the power of explosives...
Reply With Quote
  #17  
Old 01-05-2016, 09:06 AM
hal53's Avatar
hal53 hal53 is offline
Gone Hunting
 
Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
Default

Quote:
Originally Posted by JustMe View Post
Before this gets political, it's not just an Alberta event, but all over. The new "norm" for the foreseeable future is $50/Bbl oil. Diversification is the key for Alberta and Canada. Time to get back to producing consumer goods, instead of just raw materails and there by supporting foreign ecomomies...

http://www.wtrg.com/rotaryrigs.html
Alberta is ,and for the forseeable future, a resource driven economy. What are we going to diversify to?, producing consumer products here is a pipe dream when you consider the strangle hold the unions have on companies needing labor, it ain't gonna happen. At this point you will have a tough time finding anyone who would want to invest and set up business in Alberta with our current political climate. So the only thing you have left is for the Gov't. to borrow billions of dollars to entice fly by night projects to go ahead that the tax payer will be on the hook for....anybody remember Nortel?
__________________
The future ain't what it used to be - Yogi Berra
Reply With Quote
  #18  
Old 01-05-2016, 09:10 AM
Hat in the Cat's Avatar
Hat in the Cat Hat in the Cat is offline
 
Join Date: May 2012
Location: Edmonton
Posts: 594
Default

Nortel? Oh you mean the New National Defence Head Quarters Complex?

At least some of the money used to subsidise them came in handy
..
__________________
Never underestimate the power of explosives...
Reply With Quote
  #19  
Old 01-05-2016, 09:56 AM
ArtG ArtG is offline
 
Join Date: Oct 2014
Location: Calgary
Posts: 330
Default

Quote:
Originally Posted by Deer Hunter View Post
Any jurisdiction in the world would give anything to have the natural resources Alberta has. Oil, NG, coal etc.
All we have done is mismanage it with the inability to realize global market prices and now we want to diversify into something else? Like what? I hear military weapon sales are hot right now. Anyone know how to build a fighter jet? When, as a nation, we cant even build a pipeline....
Dont we already have one of those????? and they are asking for a bail out.
Reply With Quote
  #20  
Old 01-05-2016, 12:39 PM
ctd ctd is offline
 
Join Date: Sep 2007
Posts: 2,378
Default

Not sure but $50 a bbl is pretty darn good price. We got greedy when the price hit $100. 08/09 was my busyest year despite being down for 3 months.

Right now Service companies are hiring. Where I work all three service lines coil frac and cement are booked solid untill spring.

What I have witnessed is for every 10 seasoned workers we hire only 2 or 3 of them are wOrth paying. I would rather hire green guys and train then put up with lazy disrespectful should have got out 10 years ago workers.

Yes it is slow. Drilling is different then it was 1, 5, 10, even 20 years ago.
What 4 rigs did 10 years ago 1 rig does now. What use to be a 2 month hole is a 3 week hole. What took 6 wells to produce only takes one well.
On one hand efficiencys have made the job quicker, on the other hand it has made the need for equipment less.
The cost of producing a single well has doubled or even tripled in price. The production of that one well have quaddroupled.

We had a frenzy at $100 bbl. Now we have effeciency. Lower rig count same production. It sucks but the new reality
Reply With Quote
  #21  
Old 01-05-2016, 02:22 PM
The Elkster The Elkster is offline
 
Join Date: Oct 2007
Posts: 2,358
Default

I work with new wells and reserves regularly and I will say that the amount of reserves/well/$ has gone way down continuously not up as CTD suggests. Sure initial rates are high and initially these wells can look like boomers but if you run typecurves of the average well performance and look at the ultimate recoverable gas that number is smaller than we used to get with simple cheap vertical wells (and the same goes for oil). We used to regularly see 1-5 BCF gas out of a $500k vertical gas well and I've seen vertical wells at +20BCF. Now that we are working the very tight poor permeability source rock we are spending +3million per horizontal hoping to get similar cum production to the old verticals. That is not an improvement.

Much is made of out technological advances but technology doesn't change poor rock. Most of the recent improvement in well performance in the US is not due to tech improvements but rather a high grading of prospects and spending gobs of capital. Of course you'll see a volume/well improvement if you stop drilling the bottom 50% of your prospects. Also if you throw endless money at longer horizontals and more fracs you can get higher rates and reserves but at what price.

If you care to learn more on some of the unconventional details and analysis of various O&G trends check out this link... http://www.artberman.com/ Based on my experience Art is pretty much on point with cutting through some of the BS and digging into the real numbers...not just those spoon fed/cherry picked by various companies trying to boost their stock price.
Reply With Quote
  #22  
Old 01-05-2016, 02:33 PM
Mangosteen Mangosteen is offline
Banned
 
Join Date: Feb 2015
Location: In the Orchard or Punta Sal Peru
Posts: 1,022
Default Right On

Quote:
Originally Posted by The Elkster View Post
I work with new wells and reserves regularly and I will say that the amount of reserves/well/$ has gone way down continuously not up as CTD suggests. Sure initial rates are high and initially these wells can look like boomers but if you run typecurves of the average well performance and look at the ultimate recoverable gas that number is smaller than we used to get with simple cheap vertical wells (and the same goes for oil). We used to regularly see 1-5 BCF gas out of a $500k vertical gas well and I've seen vertical wells at +20BCF. Now that we are working the very tight poor permeability source rock we are spending +3million per horizontal hoping to get similar cum production to the old verticals. That is not an improvement.

Much is made of out technological advances but technology doesn't change poor rock. Most of the recent improvement in well performance in the US is not due to tech improvements but rather a high grading of prospects and spending gobs of capital. Of course you'll see a volume/well improvement if you stop drilling the bottom 50% of your prospects. Also if you throw endless money at longer horizontals and more fracs you can get higher rates and reserves but at what price.

If you care to learn more on some of the unconventional details and analysis of various O&G trends check out this link... http://www.artberman.com/ Based on my experience Art is pretty much on point with cutting through some of the BS and digging into the real numbers...not just those spoon fed/cherry picked by various companies trying to boost their stock price.
Diminishing returns for the buck beyond a certain point.

Just like they used to say all along

" you can't make a silk purse out of a sows ear "

Drilling has advanced nicely but the reservoirs are still the challenge. Not like in Iraq where we would punch a hole for seven million and free flow 7 thousand barrels a day crude.
Reply With Quote
  #23  
Old 01-05-2016, 03:41 PM
SBE2 SBE2 is offline
Banned
 
Join Date: Aug 2008
Posts: 1,117
Default STFU with this diversify BS!!!

Quote:
Originally Posted by JustMe View Post
Before this gets political, it's not just an Alberta event, but all over. The new "norm" for the foreseeable future is $50/Bbl oil. Diversification is the key for Alberta and Canada. Time to get back to producing consumer goods, instead of just raw materails and there by supporting foreign ecomomies...

http://www.wtrg.com/rotaryrigs.html
Quote:
Originally Posted by hal53 View Post
Alberta is ,and for the forseeable future, a resource driven economy. What are we going to diversify to?, producing consumer products here is a pipe dream when you consider the strangle hold the unions have on companies needing labor, it ain't gonna happen. At this point you will have a tough time finding anyone who would want to invest and set up business in Alberta with our current political climate. So the only thing you have left is for the Gov't. to borrow billions of dollars to entice fly by night projects to go ahead that the tax payer will be on the hook for....anybody remember Nortel?
You are correct Hal, why do people keep trumpeting this left wing tree huger buzz word, yet can't explain WTH it is or how they are going to get there. Diversify into what? That takes investment, this climate will not attract any, and subsidizing a bunch of BS (aka wind and solar) type of scams will just leave taxpayers further on the hook. Your resources are your economy, if you ignore your main resources and try to farm unicorns your aren't going to get very far. What country/province ignores there most plentiful resources as a source of income and become a success story? None. People need to stop with this 'diversify' pipe dream.
Reply With Quote
  #24  
Old 01-05-2016, 03:49 PM
JustMe JustMe is offline
 
Join Date: May 2015
Posts: 1,414
Default 16 percent rig utilization Jan 4

Quote:
Originally Posted by SBE2 View Post
You are correct Hal, why do people keep trumpeting this left wing tree huger buzz word, yet can't explain WTH it is or how they are going to get there. Diversify into what? That takes investment, this climate will not attract any, and subsidizing a bunch of BS (aka wind and solar) type of scams will just leave taxpayers further on the hook. Your resources are your economy, if you ignore your main resources and try to farm unicorns your aren't going to get very far. What country/province ignores there most plentiful resources as a source of income and become a success story? None. People need to stop with this 'diversify' pipe dream.

Nobody is ignoring it. That was never the point. It's just that for the foreseeable future there is no real market for our crude. There is nothing left or right wing about it. If we want to sustain our province we need to look at all other options or we stand to die a slow death, we can't afford to wait 10 years for oil prices to rebound enough to make Alberta crude viable again. Folks have to quit talking the political crap and recognize our plight for what it is. Diversification has nothing to do with alternative energy sources and everything to do with farming, ranching, logging, pulp and paper, manufacturing, refining etc etc. Our people need jobs and now and for the next long while the oil patch isn't going to keep all those people employed.
Reply With Quote
  #25  
Old 01-05-2016, 04:04 PM
hal53's Avatar
hal53 hal53 is offline
Gone Hunting
 
Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
Default

Quote:
Originally Posted by JustMe View Post
Nobody is ignoring it. That was never the point. It's just that for the foreseeable future there is no real market for our crude. There is nothing left or right wing about it. If we want to sustain our province we need to look at all other options or we stand to die a slow death, we can't afford to wait 10 years for oil prices to rebound enough to make Alberta crude viable again. Folks have to quit talking the political crap and recognize our plight for what it is. Diversification has nothing to do with alternative energy sources and everything to do with farming, ranching, logging, pulp and paper, manufacturing, refining etc etc. Our people need jobs and now and for the next long while the oil patch isn't going to keep all those people employed.
The economy and politics unfortunately go hand in hand, they cannot be separated. Farming and ranching?...the Gov't. has put laws in to make it extremely difficult for the farmers to continue business as they did in the past, logging, pulp and paper?.. good luck seeing any further investment there with a "green" Gov't., manufacturing?...manufacture what?, we are not an attractive place to invest millions to set up manufacturing facilities at this time, Refining???,, lol, that one has been beat to death, but some people somehow seem it is an option...so, left wing or right wing it is up to the Gov't. of the day to make this province attractive to investors, so far we have failed miserably at that with our present political climate
__________________
The future ain't what it used to be - Yogi Berra
Reply With Quote
  #26  
Old 01-05-2016, 04:11 PM
ctd ctd is offline
 
Join Date: Sep 2007
Posts: 2,378
Default

One if the biggest issues is that of a local solution not a global.

Canada has always had and always will have a resource based economy. Untill we plan for that and openly admit that is what we are we will always have dramatic down turns that effect us substantially.

What we should be doing is planning as a country, not spending every dollar and then some made off natural resources revenue. That includes mining, forestry fishing, oil and gas etc. That money should be split into a emergency fund and general fund. Not all spent as general revenue.

No matter what resource you go after, fish, trees, oil, gas, coal, gold. The easy stuff is gone. The cost of doing business is up if we want to keep producing at the rates we have or even increase.
The glut of Oil and gas is due to the increase in production world wide. Not just here and the US.

The days gone where a well is drilling perfed and flowed at insane rates in most areas.

Interesting on numbers.

I wonder how those wells up north are flowing, yes initial drilling and stimulation costs are up. The easy stuff is gone. But some of those wells are flowing extremely high rates and have been for a few years. How do those numbers compare to the vertical wells?

I am not sure but since horizontal wells have been introduced especially in the fluid bearing formations the production per well have gone up. At least that's what the operators have noticed.
Reply With Quote
  #27  
Old 01-05-2016, 04:44 PM
avb3 avb3 is offline
Banned
 
Join Date: Jan 2008
Location: Central Alberta
Posts: 7,861
Default

Quote:
Originally Posted by The Elkster View Post
I work with new wells and reserves regularly and I will say that the amount of reserves/well/$ has gone way down continuously not up as CTD suggests. Sure initial rates are high and initially these wells can look like boomers but if you run typecurves of the average well performance and look at the ultimate recoverable gas that number is smaller than we used to get with simple cheap vertical wells (and the same goes for oil). We used to regularly see 1-5 BCF gas out of a $500k vertical gas well and I've seen vertical wells at +20BCF. Now that we are working the very tight poor permeability source rock we are spending +3million per horizontal hoping to get similar cum production to the old verticals. That is not an improvement.

Much is made of out technological advances but technology doesn't change poor rock. Most of the recent improvement in well performance in the US is not due to tech improvements but rather a high grading of prospects and spending gobs of capital. Of course you'll see a volume/well improvement if you stop drilling the bottom 50% of your prospects. Also if you throw endless money at longer horizontals and more fracs you can get higher rates and reserves but at what price.

If you care to learn more on some of the unconventional details and analysis of various O&G trends check out this link... http://www.artberman.com/ Based on my experience Art is pretty much on point with cutting through some of the BS and digging into the real numbers...not just those spoon fed/cherry picked by various companies trying to boost their stock price.
Great link with lots of realistic discussion. Thanks.
Reply With Quote
  #28  
Old 01-05-2016, 04:59 PM
JustMe JustMe is offline
 
Join Date: May 2015
Posts: 1,414
Default

Quote:
Originally Posted by hal53 View Post
The economy and politics unfortunately go hand in hand, they cannot be separated. Farming and ranching?...the Gov't. has put laws in to make it extremely difficult for the farmers to continue business as they did in the past, logging, pulp and paper?.. good luck seeing any further investment there with a "green" Gov't., manufacturing?...manufacture what?, we are not an attractive place to invest millions to set up manufacturing facilities at this time, Refining???,, lol, that one has been beat to death, but some people somehow seem it is an option...so, left wing or right wing it is up to the Gov't. of the day to make this province attractive to investors, so far we have failed miserably at that with our present political climate

Well, Hal if we subscribe to your philosophy, then barring a unrealistic jump in oil prices, that none of see happening, the tens of thousands of recently unemployed here in Alberta better beat the rush and look for jobs in the other provinces. Won't be any jobs here for years.... And sad to say, that may become a fact if we keep our heads buried in the sand and don't look to other industries.
Reply With Quote
  #29  
Old 01-05-2016, 05:40 PM
martinnordegg martinnordegg is offline
Banned
 
Join Date: Jul 2013
Posts: 1,271
Default

Quote:
Originally Posted by JustMe View Post
Well, Hal if we subscribe to your philosophy, then barring a unrealistic jump in oil prices, that none of see happening, the tens of thousands of recently unemployed here in Alberta better beat the rush and look for jobs in the other provinces. Won't be any jobs here for years.... And sad to say, that may become a fact if we keep our heads buried in the sand and don't look to other industries.

You don't have to spend the money to go to other Provinces...there won't be anything there either. But wait, you could stay here and get a minimum wage job for 15 bucks an hour. Seriously by Spring a minimum wage job will be a rare commodity.
Reply With Quote
  #30  
Old 01-05-2016, 05:48 PM
javlin101 javlin101 is offline
 
Join Date: Aug 2009
Posts: 1,667
Default

Quote:
Originally Posted by Mangosteen View Post
I wonder what the banks are going to do with all the equipment.

Ritchie Bros will be interesting in the next few months.
My BL just took a position in eastern Canada as the Manager of high risk purchases for Richie Brothers. He thinks he is going to be busy but glad he is not going to be in Alberta.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 11:52 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.