Official (Alberta) Oil Discussion Thread

[nik-]

But how is that not low dollar centric? That doesn't really address the bi-polar issue that he brought up.

I don't disagree with it in principle obviously, we should be pushing our talent, but it exacerbates the problem.

[troutman]

Originally Posted by GGG

Legalization of weed might be the best form of stimulus the government could give right now. And it would allow everyone to relax

There are no vacant warehouses in Denver anymore.

[Table 5]

Originally Posted by Ozy_Flame

Basically professional services that create solutions with consultants paid in CDN dollars helps amount to this. US, Asia and Europe-based clients look to how much further their dollar goes in things like IT projects. Canada can provide very high-quality services at a value price.

Funnily enough, I fit into this category where I provide a professional service to mostly international clients...however Ive never actually had a client who asked to pay in Canadian dollars to save some money on their end (and I definitely don't bring it up, ha). Typically they always give me their budgets in their local currency, and I do the same for any proposals.

I'm a pretty small potato in the grand scheme of things, but anyone who can work on an international stage, while keep their costs local, is in a pretty decent spot with a low dollar.

[OMG!WTF!]

Originally Posted by Slava

I know that this probably isn't the right thread for this, but you should be very careful with ETFs like HOU. You have to understand the math and consider that they rebalance daily. What the means is that if oil goes straight up or down for a while, you're golden (depending on what exactly you're doing). If its volatile though, you're in trouble. So if oil goes from $30 to $100 in a nice straight line, you hit a massive homerun on the right side of the trade. If it goes from $30 to $100 but with a lot of volatility on the way you could well wind-up losing money. It's not as simple to say "oil is cheap, I'll double-down here using this leveraged product".

Is this why oil is up, UWTI is up 9%, but the Goldman Sachs etn OIL is down 25%? I don't get that at all.

[Ozy_Flame]

Originally Posted by Table 5

Funnily enough, I fit into this category where I provide a professional service to mostly international clients...however Ive never actually had a client who asked to pay in Canadian dollars to save some money on their end (and I definitely don't bring it up, ha). Typically they always give me their budgets in their local currency, and I do the same for any proposals.

I'm a pretty small potato in the grand scheme of things, but anyone who can work on an international stage, while keep their costs local, is in a pretty decent spot with a low dollar.

We're starting to get some requests for Canadian consultants because of the clients are budgeting in US dollars. A year ago we cost more, so now they know they're getting good value.

In a conversation I had recently, my senior execs said we are becoming better value than our India office for offshore clients, especially if this sustains. That's incredible.

[InglewoodFan]

Originally Posted by Madman

I hate to interrupt the great O&G discussion, but oil is up over $30 currently with a lot of green on the market.

I can't help but think "dead cat bounce"

[nik-]

That would have been last April to June.

The cat's been pulverized at this point. The cat is a liquid.

[Regorium]

Montreal Mayor Denis Coderre says Energy East pipeline too risky

Thanks Coderre.

Raw sewage every couple years is okay. But Energy East is bad news!

I think Notley was a bit optimistic when she thought Alberta's improved climate record would help get one pipeline approved without drama.

[CliffFletcher]

Originally Posted by Regorium

Montreal Mayor Denis Coderre says Energy East pipeline too risky

Thanks Coderre.

Raw sewage every couple years is okay. But Energy East is bad news!

I think Notley was a bit optimistic when she thought Alberta's improved climate record would help get one pipeline approved without drama.

I wonder what it will take to make people in the rest of Canada realize how important oil and gas are to the the Canadian economy? I suppose they'll find out in a year or so when equalization payments dry up. Maybe they'll sing a different tune then.

[Looch City]

Originally Posted by Regorium

Montreal Mayor Denis Coderre says Energy East pipeline too risky

Thanks Coderre.

Raw sewage every couple years is okay. But Energy East is bad news!

I think Notley was a bit optimistic when she thought Alberta's improved climate record would help get one pipeline approved without drama.

The hypocrisy is blinding.

[CaptainCrunch]

That's because he's waiting for the under the table payment from Alberta.

Basically all of these provinces are waiting for us to pay them for the right to get our product to where it wants to go.

Personally, I think this province should buy as many rusty decrepit train and truck tankers as we can. And basically start running convoys to the coast. Fill up the back of pickup trucks lined with garbage bags with Oil and drive it to where it needs to be.

At the same time, it would be nice to say fine, no pipelines, no money east or west from this province.

This pisses me off.

It wasn't that long ago that Notley was standing on the stage with the premieres of Ontario and Quebec and basically giving them a say in our environmental policy because it would help these pipelines in getting built.

[peter12]

He's a mayor. He really doesn't have a say in the matter. It isn't like Montreal is his fiefdom (actually, in Quebec, it probably is).

[Looch City]

"[Montreal's] decision is a clear no to TransCanada's project, which means that it cannot go forward," said Patrick Bonin, a Greenpeace climate and energy campaigner.

http://www.cbc.ca/news/canada/calgar...cism-1.3413579

Well it's over guys, better pack up and go home. Nothing else to be done.

[Regorium]

Originally Posted by peter12

He's a mayor. He really doesn't have a say in the matter. It isn't like Montreal is his fiefdom (actually, in Quebec, it probably is).

I think everyone knows this.

It's pure politicking.

At this point Trudeau needs to come out and tell all the provinces and municipalities to F-off and that this is a federally regulated project and their office will deal with it.

[peter12]

Originally Posted by Regorium

I think everyone knows this.

It's pure politicking.

At this point Trudeau needs to come out and tell all the provinces and municipalities to F-off and that this is a federally regulated project and their office will deal with it.

Yeah, maybe Trudeau will show some resourcefulness in figuring out how to export Canadian resources. Then he really would be different from his predecessor.

[CaptainCrunch]

Well I don't expect much help from the Federal Government on this either.

But lets continue to allow Oil Tankers to bring fricken Oil from across the ocean to service Eastern Canada.

This is so stupid.

I'm starting to see the merit of expanding the beer tax to a tax on every product coming in or through this province from BC and Quebec.

Sorry Montreal, but your poutine and beer is endangering the health of our youth and causing and uptick in methane gas emissions.

Yet the Federal Government is probably going to write a billion dollar bailout to Bombardier.

[heep223]

Originally Posted by peter12

Yeah, maybe Trudeau will show some resourcefulness in figuring out how to export Canadian resources. Then he really would be different from his predecessor.

But but but he wants us to be known for our resourcefulness, not our resources.

Whatever the #### that means

[peter12]

Originally Posted by heep223

But but but he wants us to be known for our resourcefulness, not our resources.

Whatever the #### that means

Every time he speaks - with his weird, shuddering, child-like cadence - I cringe.

[CaptainCrunch]

I wonder if there's a way to get that super canon that Iraq had so that we can simply fire Barrels of Oil all the way to the coast.

[peter12]

Originally Posted by CaptainCrunch

I wonder if there's a way to get that super canon that Iraq had so that we can simply fire Barrels of Oil all the way to the coast.

I would apply to be a loader, for sure.