04-29-2016, 02:53 PM
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#2361
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Could Care Less
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Quote:
Originally Posted by GGG
That is the cost to get a barrel out of the ground including operations and maintenance but not including and debt, construction or sustaining capital required to maintain production levels.
That's essentially the lowest number in the SAGD side of the industry. Cenouvous is about the same.
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It doesn't include financing costs or capex as you state, and it also doesn't include royalties, transportation, taxes or G&A.
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05-01-2016, 11:11 PM
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#2363
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Franchise Player
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Quote:
Originally Posted by Da_Chief
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Whoa!
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05-01-2016, 11:18 PM
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#2364
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Franchise Player
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Quote:
Originally Posted by Da_Chief
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That is pretty crazy. I wonder if Baker Hughes can somehow survive at this point? I doubt they have much staff and probably not very many clients.
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05-01-2016, 11:26 PM
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#2365
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First Line Centre
Join Date: Nov 2010
Location: Sunnyvale
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Quote:
Originally Posted by calgarygeologist
That is pretty crazy. I wonder if Baker Hughes can somehow survive at this point? I doubt they have much staff and probably not very many clients.
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3.5 billion in termination fees should keep,them afloat for a while.
__________________
The only thing better then a glass of beer is tea with Ms McGill
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05-02-2016, 06:20 AM
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#2366
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Powerplay Quarterback
Join Date: Dec 2009
Location: SE Calgary
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Wonder if they will approach NOV for a merger. Trying to rebuild in this environment seems like a fools game.
__________________
"In theory, there is no difference between theory and practice. But in practice, there is" — Jan Van De Snepscheu
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05-05-2016, 09:29 AM
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#2367
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Atomic Nerd
Join Date: Jul 2004
Location: Calgary
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I just saw WTI hit $45. Fort McMurray and Libyan instability.
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05-05-2016, 06:24 PM
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#2368
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In the Sin Bin
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O&G bankruptcies in the US reaching epidemic proportions:
http://www.reuters.com/article/us-us...e=businessNews
Quote:
The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week's filings for creditor protection by Midstates Petroleum and Ultra Petroleum.
The number of U.S. energy bankruptcies is closing in on the staggering 68 filings seen during the depths of the telecom bust of 2002 and 2003, according to Reuters data, the law firm Haynes & Boone and bankruptcydata.com.
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05-05-2016, 06:27 PM
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#2369
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Scoring Winger
Join Date: Jul 2014
Location: Calgary
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Quote:
Originally Posted by Resolute 14
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Does anyone know how many Canadian firms have gone bankrupt? id be curious to compare the ratio of national bankruptcies to total national production rates.
I haven't seen news of many here.
__________________
Purveyor of fine Sarcasm
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05-06-2016, 01:37 PM
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#2370
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Franchise Player
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A few guys like Terra and Spyglass have gone under.
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05-06-2016, 01:49 PM
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#2371
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Franchise Player
Join Date: Sep 2009
Location: Calgary
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There's been quite a few. Not all of them as high profile as Spyglass or Terra.
But just a few weeks ago it was Sanjel - they are a big one, but many smaller frac companies have filed CCAA as well.
Now Lightstream has 90 days to cure its borrowing base shortfall or it goes down too.
Numerous competitors to my company have filed CCAA as well.
__________________
Pylon on the Edmonton Oilers:
"I am actually more excited for the Oilers game tomorrow than the Flames game. I am praying for multiple jersey tosses. The Oilers are my new favourite team for all the wrong reasons. I hate them so much I love them."
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05-08-2016, 10:21 PM
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#2373
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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CAD vs USD
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05-08-2016, 10:21 PM
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#2374
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Franchise Player
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Twin Butte's cash call extended a month from April 30th to May 31st.
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05-08-2016, 10:26 PM
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#2375
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Franchise Player
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Quote:
Originally Posted by Kavvy
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WCS is listed in CDN and WTI is listed in US
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
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05-08-2016, 10:26 PM
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#2376
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Self Imposed Exile
Join Date: Jul 2008
Location: Calgary
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Ha, didn't read.
Thank you all!
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05-09-2016, 12:18 AM
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#2377
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Lifetime Suspension
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Quote:
Originally Posted by Derek Sutton
3.5 billion in termination fees should keep,them afloat for a while.
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What kind of silly wabbit signs a deal like that! 
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05-09-2016, 06:09 AM
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#2378
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Powerplay Quarterback
Join Date: Dec 2009
Location: SE Calgary
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Quote:
Originally Posted by T@T
What kind of silly wabbit signs a deal like that! |
It's pretty standard in takeover deals to have high break fees, for precisely this scenario. The company being taken over is going to face some hardship recovering from layoffs, messaging to customer, reputation harm etc...
__________________
"In theory, there is no difference between theory and practice. But in practice, there is" — Jan Van De Snepscheu
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05-09-2016, 09:13 AM
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#2379
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Franchise Player
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Quote:
Originally Posted by oilyfan
It's pretty standard in takeover deals to have high break fees, for precisely this scenario. The company being taken over is going to face some hardship recovering from layoffs, messaging to customer, reputation harm etc...
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This one worked out to about 10% of the original deal, is that typical or does it vary a lot from deal to deal?
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05-09-2016, 09:40 AM
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#2380
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#1 Goaltender
Join Date: Feb 2012
Location: Calgary
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Quote:
Originally Posted by Lubicon
This one worked out to about 10% of the original deal, is that typical or does it vary a lot from deal to deal?
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There is plenty of variance, as that is a negotiated term, but I think eyeballing most deals would land you at around 10%.
__________________
From HFBoard oiler fan, in analyzing MacT's management:
O.K. there has been a lot of talk on whether or not MacTavish has actually done a good job for us, most fans on this board are very basic in their analysis and I feel would change their opinion entirely if the team was successful.
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