01-15-2016, 06:21 PM
|
#281
|
Franchise Player
Join Date: Jun 2008
Location: Calgary
|
Quote:
Originally Posted by Bill Bumface
For the graybeards, how is the feel so far compared to the 80s?
Obviously things flattened out after quite a while, I'm just wondering when I can expect the pit of despair to stop opening up, and if you somehow still have a job, how long until I don't feel like I'm looking over my shoulder waiting to be sniped at any moment?
|
I am probably exactly the same age as CC. We walked away from our house, my father would get jobs that lasted only a few months, the house prices fell by about a third I seem to recall. It's a lot more palatable for you guys now because back then the unemployment was combined with interest rates around 20%; now, the money is practically free if you need a LOC or a 2nd mortgage to get by...
|
|
|
01-15-2016, 06:50 PM
|
#282
|
Franchise Player
|
One dead at the Nexen long lake facility earlier tonight.
Explosion. Breaking news I don't have any other information.
Last edited by malcolmk14; 01-15-2016 at 06:52 PM.
|
|
|
01-15-2016, 08:19 PM
|
#283
|
Lifetime Suspension
Join Date: Jul 2012
Location: North America
|
@660NewsBREAKING: RCMP on scene of explosion at Nexen's Long Lake oilsands operation south of Fort McMurray, 1 dead , 1 in critical condition.
|
|
|
01-15-2016, 08:58 PM
|
#284
|
Franchise Player
Join Date: Jul 2005
Location: 555 Saddledome Rise SE
|
Oh my god. This is awful news. That poor family. Hopefully the person in critical condition pulls through with minimal long term damage.
Sounds like it was in the hydrocracker which would be a big explosion due to the presence of hydrogen.
|
|
|
01-15-2016, 09:22 PM
|
#285
|
Franchise Player
|
Quote:
Originally Posted by malcolmk14
One dead at the Nexen long lake facility earlier tonight.
Explosion. Breaking news I don't have any other information.
|
Ugh, that's horrible.
|
|
|
01-17-2016, 08:16 AM
|
#286
|
Franchise Player
|
The most depressing article on the future of O&G yet:
Self-liquidation option becoming more compelling for oil firms
Keep in mind, though, that Eric Reguly is a bit of an idiot.
__________________
Quote:
Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
|
|
|
|
01-17-2016, 08:36 AM
|
#287
|
Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
|
Ugh, wrong thread. Pre-Coffee Posting....
Last edited by Fuzz; 01-17-2016 at 08:39 AM.
|
|
|
01-17-2016, 09:06 AM
|
#288
|
First Line Centre
|
Quote:
Originally Posted by CliffFletcher
|
This is now a last man standing game. When a few western oil companies start to self liquidating, oil will shoot back up. So whose going to voluntarily self liquidate? No one.
|
|
|
01-17-2016, 10:41 AM
|
#289
|
Lifetime Suspension
Join Date: Sep 2005
Location: The Void between Darkness and Light
|
What does this mean for property values for surrounding communities? I'm thinking this has to hurt real estate values in Cranbrook, Golden, Fernie etc?
When does this start to spinoff to the rest of Canada? We've already felt the impact on a professional level but aren't seeing any impacts on a personal level here in BC yet.
|
|
|
01-17-2016, 11:43 AM
|
#290
|
Franchise Player
Join Date: Oct 2010
Location: Calgary
|
Oil markets crash across the Middle East as Iran follows through with their obligations and sanctions on them are lifted. Qatari and Saudi stock markets have dropped 42% and 38% respectively since the Saudi initiated price war back in November 2014.
https://uk.finance.yahoo.com/news/ir...102835505.html
I really wonder how much of the successful conclusion of the Nuclear deal with Iran was motivated to punish the Saudis for their increased production.
|
|
|
01-17-2016, 12:04 PM
|
#291
|
Franchise Player
|
Zero. If anything the US is encouraging the increased production for leverage on Russia.
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
|
|
|
|
01-17-2016, 02:30 PM
|
#292
|
Powerplay Quarterback
Join Date: Dec 2009
Location: SE Calgary
|
Quote:
Originally Posted by FlameOn
Oil markets crash across the Middle East as Iran follows through with their obligations and sanctions on them are lifted. Qatari and Saudi stock markets have dropped 42% and 38% respectively since the Saudi initiated price war back in November 2014.
https://uk.finance.yahoo.com/news/ir...102835505.html
I really wonder how much of the successful conclusion of the Nuclear deal with Iran was motivated to punish the Saudis for their increased production.
|
If anything it's the other way around, the proposed Iran deal was probably one of the catalyst for Saudi Arabia to start the oversupply gambit.
__________________
"In theory, there is no difference between theory and practice. But in practice, there is" — Jan Van De Snepscheu
|
|
|
01-17-2016, 08:20 PM
|
#294
|
Crash and Bang Winger
|
Does Alberta ship natural gas to MB and ON? And to the Midwest US? With the cold weather in MB and the US Midwest does this mean more profit for more natural gas exported?
|
|
|
01-17-2016, 10:26 PM
|
#295
|
Powerplay Quarterback
|
Quote:
Originally Posted by Drummer
Does Alberta ship natural gas to MB and ON? And to the Midwest US? With the cold weather in MB and the US Midwest does this mean more profit for more natural gas exported?
|
Yes we do ship it to those areas (primarily out to Ontario and to Chicago) and yes it can mean more profit... However with the rise of US shale gas, the discount Alberta gas takes (ie: AECO basis) can blow out... For instance, producers selling out of North Western AB, unless they have firm service on Alliance or Nova, are likley selling interruptable, and receiving AECO less CREC. That means they are getting $.25-$.75 a GJ for their gas some months.
So long story short - depending on the contracts a company holds, yes, cold weather out east is the primary driver for demand-side price movement in the NA gas market.
|
|
|
01-18-2016, 08:35 AM
|
#297
|
Franchise Player
Join Date: Jul 2005
Location: 555 Saddledome Rise SE
|
Suncor increases its COS offer by 12%. Schulich and other major investments agree. The deal is likely to go ahead now.
http://business.financialpost.com/ne...6-billion-deal
Quote:
Suncor Energy has raised the stock portion of its takeover offer for Canadian Oil Sands by 12 per cent, resulting in a $6.6-billion friendly deal that ends a public battle between the two Calgary-based companies.
Suncor (TSX:SU) is now offering to exchange 0.28 of a share for each share of Canadian Oil Sands (TSX:COS) — up from 0.25 of a Suncor share per COS share.
Because the offer is primarily an exchange of shares, its monetary value will fluctuate. Based on Friday’s closing stock price for Suncor stock, the new offer was worth $8.74 per COS share, up from $7.81 under the original formula.
|
COS shareholders got a very good deal. Given the fact that oil prices have dropped, what, 40% since the offer was made this is probably about a 100% premium on what they'd be worth today otherwise.
|
|
|
01-18-2016, 08:58 AM
|
#298
|
First Line Centre
Join Date: Apr 2006
Location: Calgary
|
Yeah, as someone that holds SU, I don't like the increased deal.
I was hoping that they'd pull the offer the first time then low ball again based on the lower oil prices since that first offer.
Good for COS - finally take that garbage management out.
|
|
|
01-18-2016, 10:48 AM
|
#299
|
Looooooooooooooch
|
Quote:
Originally Posted by VENIVIDIVICI
|
Let's be clear that this only the high-sulfur crude coming from North Dakota. Not surprising given the low quality of the oil. Not many producers want it or can do anything with it.
|
|
|
01-18-2016, 10:55 AM
|
#300
|
Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
|
Now that's how you Koch, brother.
|
|
|
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 02:50 PM.
|
|