Quote:
Originally Posted by guzzy
i don't know if you ever stepped foot on an energy trust facility. They were down right scary. I went to Pennwest battery near Sylvan lake that was only two years old. It looked like it was 30 years old and 6" sour gas lines with threaded pipe.
I never felt safe when working with Trusts. They always cut corners to move money back to the investors. Harper did the right thing when he shut them down. People would have died.
|
No kidding, the liabilities that dot this province are truly one of my other major misgivings about our collective ability to "do things right" with respect to our resources. We are totally dependent on resource revenue economically and for our identity, yet seem to be completely oblivious to its realities.
My time in O&G as a production engineer was with Baytex and Pengrowth. Got to see Baytex convert into a trust and spin off Crew, and then got to see how one of the first trusts worked and what happened to it when the model was made illegal. Then I got to work for a SAGD start up that more or less sold itself to a Chinese SOE, and how ludicrous all of that was.
Not interested in working in the Alberta patch ever again.