09-27-2016, 10:19 AM
|
#2901
|
|
Self-Suspension
|
Quote:
Originally Posted by nik-
I mean hey man, money is just a human concept. Who needs it?
|
Me, give me all your concepts if you don't want em.
|
|
|
|
The Following User Says Thank You to AcGold For This Useful Post:
|
|
|
09-27-2016, 02:50 PM
|
#2902
|
|
Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
|
The federal cabinet will announce its decision on the Pacific NorthWest LNG project later today, CBC News has learned.
http://www.cbc.ca/news/politics/paci...ject-1.3780758
Hold your breath folks.... and hope for the best. Boost in gas prices would be great.
|
|
|
|
09-27-2016, 02:55 PM
|
#2903
|
|
Lifetime Suspension
Join Date: Sep 2005
Location: The Void between Darkness and Light
|
Quote:
Originally Posted by Fuzz
|
I thought the expectation would be this would further lower gas prices?
|
|
|
|
|
09-27-2016, 03:00 PM
|
#2904
|
|
Franchise Player
|
Quote:
Originally Posted by Fuzz
|
Hopefully Petronas can still finance this project.
|
|
|
|
|
09-27-2016, 03:30 PM
|
#2905
|
|
Franchise Player
Join Date: Aug 2005
Location: Violating Copyrights
|
Quote:
Originally Posted by Flash Walken
I thought the expectation would be this would further lower gas prices?
|
Who cares what it will do to prices as long as someone is buying.
|
|
|
|
|
09-27-2016, 03:34 PM
|
#2906
|
|
Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
|
If we have more customers, wouldn't that tend to push prices up? That was my assumption, anyway. I'm not a market talkin' guy though.
|
|
|
|
|
09-27-2016, 03:39 PM
|
#2907
|
|
First Line Centre
Join Date: Feb 2013
Location: BELTLINE
|
It's to export to Asia where gas prices are upwards of $15/mcf.
Instead of selling here where the price is anywhere from $2-$0/mcf
|
|
|
|
|
The Following User Says Thank You to DiracSpike For This Useful Post:
|
|
|
09-27-2016, 03:52 PM
|
#2908
|
|
Franchise Player
|
While a good start, the Petronas terminal will do little to ease the glut of gas on the BC system, and by extension, the Alberta systems. There remains few places for our gas to go at present time.
That said, it better be approved.
|
|
|
|
|
09-27-2016, 03:57 PM
|
#2909
|
|
Powerplay Quarterback
|
Quote:
Originally Posted by DiracSpike
It's to export to Asia where gas prices are upwards of $15/mcf.
Instead of selling here where the price is anywhere from $2-$0/mcf
|
That's actually about 2 years out of date you've put up there... LNG pricing is tied to crude - it is not $15/mcf any more, and hasn't been for years. Japan has some of the highest per mcf costs, and their gas prices have plummeted to under $6/mcf:
https://ycharts.com/indicators/japan...s_import_price
May Contract was $5.86/mcf
Economics for LNG is out of Canada challenged.
|
|
|
|
|
The Following User Says Thank You to BigNumbers For This Useful Post:
|
|
|
09-27-2016, 05:02 PM
|
#2910
|
|
On Hiatus
Join Date: Jul 2011
Location: Calgary Alberta Canada
|
I'm guessing it gonna get approved because they are having an actual press conference at 515pm pacific time.
|
|
|
|
|
The Following User Says Thank You to Violator For This Useful Post:
|
|
|
09-27-2016, 06:03 PM
|
#2911
|
|
Franchise Player
|
Liberals have done far stupider. Wouldn't surprise me if they held a press conference to tout the great wall of Trudeau blocking another Mongolian Albertan invasion
|
|
|
|
|
09-27-2016, 06:21 PM
|
#2912
|
|
Lifetime Suspension
Join Date: Sep 2005
Location: The Void between Darkness and Light
|
This is an easy win for the Feds I feel.
Give the project a go knowing the main obstacle will be whether Patronas views it as economically viable, lay most of the responsibility at the feet of the provincial liberals and fade away into the sunset.
|
|
|
|
|
The Following 3 Users Say Thank You to Flash Walken For This Useful Post:
|
|
|
09-27-2016, 06:56 PM
|
#2913
|
|
Franchise Player
Join Date: Aug 2008
Location: California
|
Quote:
Originally Posted by BigNumbers
Oil should hold a $4 handle on it, unless incremental bad news comes out. There was little expectation in the market that there would be a deal reached.
Polak: Profitable at $20? Sure... Perhaps one boomer well on half-cycle economics (IP90....) in the heart of the Permian or the Stack. Full cycle, corporate returns to earn an IRR over 10-15% (ie: the level needed to incent capital to invest)? That's more like $45-50 in the heart of the permian, but for the average US conventional producer, that's $60-65.
|
The best shale is not meaningfully cheaper then the best SagD. And certainly isn't cheaper then any replacement Barrels. And that includes the discounts applied to our oil.
|
|
|
|
|
The Following User Says Thank You to GGG For This Useful Post:
|
|
|
09-27-2016, 07:06 PM
|
#2914
|
|
Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
|
Almost an hour late...did they get cold feet? Or stuck in Vancouver traffic...
|
|
|
|
|
09-27-2016, 07:09 PM
|
#2915
|
|
First Line Centre
Join Date: Nov 2010
Location: Sherwood Park, AB
|
Approved!
Edit: Link was pulled
|
|
|
|
|
09-27-2016, 07:11 PM
|
#2916
|
|
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
|
Those darn Liberals hate the west and Trudeau is just like his fa...oh wait.
|
|
|
|
|
09-27-2016, 07:24 PM
|
#2917
|
|
Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
|
Last edited by Fuzz; 09-27-2016 at 07:28 PM.
|
|
|
|
|
09-27-2016, 08:15 PM
|
#2918
|
|
Had an idea!
|
About time. Now get going with Energy East.
|
|
|
|
|
09-28-2016, 12:45 PM
|
#2919
|
|
Franchise Player
|
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
|
|
|
|
|
|
09-28-2016, 12:46 PM
|
#2920
|
|
#1 Goaltender
|
OPEC cuts 700,000 barrels a day - unconfirmed Reuters report.
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 02:21 PM.
|
|
