Official (Alberta) Oil Discussion Thread

[username]

Originally Posted by heep223

Tertzakian probably stopped them from doing anything dumb.

The guy is brilliant. I love hearing him speak.......and I agree with you 100%. I'm sure if he wasn't on the panel then the outcome would have been much different.

[redforever]

Originally Posted by username

The guy is brilliant. I love hearing him speak.......and I agree with you 100%. I'm sure if he wasn't on the panel then the outcome would have been much different.

Most employed by Arc Resources (stand corrected as Arc Financial) are very knowledgeable and very well respected. I think the panel was well chosen to represent all of Alberta's interests.

[heep223]

Originally Posted by redforever

Most employed by Arc Resources are very knowledgeable and very well respected. I think the panel was well chosen to represent all of Alberta's interests.

Tertzakian is with ARC Financial.

[redforever]

Originally Posted by heep223

Tertzakian is with ARC Financial.

whatever, I know who he is as my sister works ther.

[IliketoPuck]

I'm looking forward to the return of his articles in the Globe and Mail.

[Bootsy]

I'm relieved with a little bit of annoyance it wasn't announced much earlier as previously planned. I can live with that since the NDP are not continuing to kick the O & G industry while it is down.

[chemgear]

Not to leave it hanging over your head, but see you all again in a year or two when we do this again!


https://twitter.com/trevortombe/stat...42942672760833

"Not the time to make a big money grab" says @RachelNotley

https://twitter.com/DonBraid/status/693145229654827008

Notley does not rule out that this system might change with much higher prices, as long as change leaves industry competitive

[peter12]

Did she actually say that bit about the big money grab? Was it a Freudian slip or something?

[IliketoPuck]

Originally Posted by peter12

Did she actually say that bit about the big money grab? Was it a Freudian slip or something?

NDP ideology is hiding right underneath that nice hairdo.

[chemgear]

^ I saw it from the twitter that is mentioned below by Bend. I didn't watch her full speech myself.


"It's not a good time to make a big cash grab"

"But it's a good time to make a small cash grab. The "big cash grab" will be later when we redo this review next year."

Originally Posted by Bend it like Bourgeois

For those looking for key points and commentary check out Trevor Tombe on Twitter.

https://twitter.com/trevortombe/stat...38534006288384

[CorsiHockeyLeague]

Seriously, that's a remarkable statement. Obviously right, but does that suggest that there IS a good time to make a big money grab? Yeesh.

[Ozy_Flame]

If that money grab statement is the worst that comes out of today's announcement, I think we're fine.

[Frequitude]

The framework is already based on rates varying with oil prices. If she thinks rates need to be revisited when prices are high, why didn't they just increase rates for high oil prices right now? I can't believe she is actually stupid enough to plant the seed that more changes could come in the future.

[chemgear]

I wonder if that's why this review has been delayed over and over again.

Panel does it's work, says "oh hey, we are already getting our fair share".

NDP rejects it out of hand and says look again.

Panel comes back and say, nope, still getting our fair share.

NDP rejects that too and says we need 8 billion to cover our all our spending.

Panel shrugs and says you do it then.

NDP makes the announcement today and then says we'll look at it again when there is more cash to grab.

[darklord700]

Originally Posted by chemgear

Notley does not rule out that this system might change with much higher prices, as long as change leaves industry competitive

What the NDP will do when prices go up will depend on if they are still in power at that time. But this review outcome is kinder than anyone expected which is a good thing.

[Slava]

Originally Posted by peter12

Did she actually say that bit about the big money grab? Was it a Freudian slip or something?

That will come back to haunt her if she does increase royalties in the future. "Oh, apparently now is the time to do a big cash grab?"

[Frequitude]

Originally Posted by chemgear

I wonder if that's why this review has been delayed over and over again.

Panel does it's work, says "oh hey, we are already getting our fair share".

NDP rejects it out of hand and says look again.

Panel comes back and say, nope, still getting our fair share.

NDP rejects that too and says we need 8 billion to cover our all our spending.

Panel shrugs and says you do it then.

NDP makes the announcement today and then says we'll look at it again when there is more cash to grab.

I'm admittedly venturing into unfounded partisan bias territory here, but this makes a lot of sense.

Though I still don't understand why, if it really is "fair" to take a bigger cut when prices are good, they didn't just raise rates for prices above, say, $80. That obviously wouldn't have impacted a single producer right now.

[VladtheImpaler]

Originally Posted by Frequitude

I'm admittedly venturing into unfounded partisan bias territory here, but this makes a lot of sense.

Though I still don't understand why, if it really is "fair" to take a bigger cut when prices are good, they didn't just raise rates for prices above, say, $80. That obviously wouldn't have impacted a single producer right now.

I'll let you in on a little secret...




They are all stupid.

[CaptainCrunch]

From the opposition twitters

1. Brian Jean ‏@BrianJeanWRP 2h2 hours ago
   I feel for the many families who have lost jobs during the "drama" created by the #royaltyreview #ableg
   31 retweets 40 likes
   
   
   
   
   
   
   
   
   
   
2. 
   Brian Jean ‏@BrianJeanWRP 2h2 hours ago
   Disappointing it took 8 months for the NDP to recognize the importance of stability for our sector, but thankful they did today #ableg
   18 retweets 32 likes
   
   
   
   
   
   
   
   
   
   
   
   
3. >
   Brian Jean ‏@BrianJeanWRP 2h2 hours ago
   All along we said a royalty rate change was not needed. Today #royaltyreview panel & Notley agreed. #ableg
   
   </div>

From the PC's

1. Richard Starke ‏@RichardStarke 3h3 hours ago
   I suspect a lot of people who voted NDP last May based on the "not getting our fair share" myth feel betrayed today. They should be. #ableg
   21 retweets 22 likes
   
   
   
   
   
   
   
   
   
   
2. 
   
   
   
   
   </div>
3. PC Alberta Retweeted
   
   Richard Starke ‏@RichardStarke 3h3 hours ago
   Royalty Review concluded that Albertans have indeed been "getting their fair share". NDP have misled Albertans & told them otherwise. #ableg
   
   </div>

Richard Starke ‏@RichardStarke 3h3 hours ago
Asked why her tune has changed since May, Premier admits she didn't realize US is now an exporter. Incredible lack of understanding. #ableg








Nothing from the Liberal Party

The Alberta Party


Greg Clark ‏@GregClark4AB 3h3 hours ago I'm glad to see royalties not going up, the NDs agree with us; Albertans already getting our fair share #ableg


Greg Clark ‏@GregClark4AB 3h3 hours ago
I do have some questions abt the #RoyaltyReview #, esp "value add." I'm worried the NDs will make ideological not economic decisions #ableg
19 retweets 16 likes

[Resolute 14]

Originally Posted by CorsiHockeyLeague

Seriously, that's a remarkable statement. Obviously right, but does that suggest that there IS a good time to make a big money grab? Yeesh.

I only got to hear part of the media raking Notley over the coals for her flip flop on how bad this royalty regime is for Albertans, but every answer I heard basically said the further drop in prices late in 2015 forced her hand. She all but implied she will jack the rates when the price begins to recover.