04-29-2019, 09:07 AM
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#4101
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Franchise Player
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It's mostly used by O&G exploration companies though, since those companies never make any money in their early years and have no way to use their losses. But it's actually not a direct subsidy to the companies, it's an incentive to invest in them - the people buying the shares are the ones actually getting the subsidies. Lots of doctors and lawyers who want to be able to reduce their taxable incomes.
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"The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
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04-29-2019, 09:21 AM
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#4102
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Franchise Player
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Quote:
Originally Posted by Ace
I’m starting to think we should just make a deal.
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Why negotiate with (economic) terrorists?
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04-29-2019, 09:52 AM
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#4103
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Franchise Player
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Not surprised to see the fear mongering continue. Seems to be the culture the NDP cultivates.
"OMG Excess profits!" "OMG Excess profits!" " OMG Excess profits!" "OMG Excess profits!"
https://vancouversun.com/opinion/op-...-over-a-barrel
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04-29-2019, 09:58 AM
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#4104
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Franchise Player
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All that article tells me is maybe it is time to buy some shares of Parkland Fuel.
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04-29-2019, 10:00 AM
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#4105
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Franchise Player
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lol. His conclusions is a price cap. Again I say, enjoy the gas lines.
Also, this is a hilariously stupid statement from a self-styled economist.
Quote:
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But there is something important missing from this conversation: Alberta’s oil industry is already making huge excess profits at the expense of Vancouver drivers.
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How much money do you suppose Alberta takes in from gas sold at the pumps in Vancouver every year? It ain't much.
__________________
"The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
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04-29-2019, 11:26 AM
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#4106
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Franchise Player
Join Date: Feb 2006
Location: Toledo OH
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Quote:
Originally Posted by chemgear
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We're a couple of generations from the 70s era of broad reaching price controls on items. All I can say is maybe this generation needs a first hand lesson in the laws of supply and demand if one can think that all that's required to remedy BC's situation is to legislate gas prices.
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04-29-2019, 12:46 PM
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#4107
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Powerplay Quarterback
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BC is flush with natural gas, Horgan should get behind a gas-to-liquids plant. He can gain security of supply and some of the cleanest fuel available.
(Tongue firmly in cheek, it would be breathtakingly expensive. But I would love to work on one.)
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04-29-2019, 04:24 PM
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#4108
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First Line Centre
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Former Pembina Institute head quits AER before Kenney could fire him, alleging 'smear campaign'
https://www.cbc.ca/news/canada/calga...tion-1.5115373
Well, that tenure went exactly as everyone predicted it would.
__________________
"I think the eye test is still good, but analytics can sure give you confirmation: what you see...is that what you really believe?"
Scotty Bowman, 0 NHL games played
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04-29-2019, 04:37 PM
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#4109
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Franchise Player
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Quote:
Originally Posted by united
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I was expecting him to stay at this appointed post at least until the new government actually came into power. THEN he'd sue.
Skip step 1, onto step 2?
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04-29-2019, 05:06 PM
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#4110
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First Line Centre
Join Date: Oct 2009
Location: Calgary
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Quote:
Originally Posted by CorsiHockeyLeague
lol. His conclusions is a price cap. Again I say, enjoy the gas lines.
Also, this is a hilariously stupid statement from a self-styled economist.
How much money do you suppose Alberta takes in from gas sold at the pumps in Vancouver every year? It ain't much.
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I think real money is in the snacks and cigarettes sales.
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05-01-2019, 03:55 PM
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#4111
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First Line Centre
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Trident Exploration Co has tipped over adding 4700 wells to the orphan well fund, nearly doubling the current size. In fact tripling its size from 2yrs ago before the Sequoia bankruptcy. Redwater getting turned over changes the debt waterfall overruling bankruptcy law and putting clean up before creditors. The company's 33 employees and 61 contrctors have been let go.
https://www.citynews1130.com/2019/05...it-shuts-down/
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05-01-2019, 03:58 PM
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#4112
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Franchise Player
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Quote:
Originally Posted by Rutuu
Trident Exploration Co has tipped over adding 4700 wells to the orphan well fund, nearly doubling the current size. In fact tripling its size from 2yrs ago before the Sequoia bankruptcy. Redwater getting turned over changes the debt waterfall overruling bankruptcy law and putting clean up before creditors. The company's 33 employees and 61 contrctors have been let go.
https://www.citynews1130.com/2019/05...it-shuts-down/ |
I'd be shocked if it made it to the OWA, at least in its current form. Sequoia still hasn't made it to the OWA. The AER is still scratching its head on what to do there.
To be clear Trident wasn't put into receivership by their lenders, they just closed the doors and handed all the wells over to the AER.
Last edited by Weitz; 05-01-2019 at 04:10 PM.
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05-01-2019, 04:23 PM
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#4113
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Franchise Player
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Quote:
Originally Posted by Weitz
To be clear Trident wasn't put into receivership by their lenders, they just closed the doors and handed all the wells over to the AER.
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I think it was more that because of Redwater nobody would invest in or lend to a company with a large unfunded liability, so they weren't able to work their way out of it.
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05-01-2019, 07:52 PM
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#4114
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Lifetime Suspension
Join Date: Nov 2011
Location: Stampede Grounds
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Trident. Classic capitalism. Socialize the losses.
Why didn’t the Alberta government insist on financial deposits before drilling to cover reclamation costs? Thanks again Ralph for passing along this wonderful financial legacy.
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05-01-2019, 09:33 PM
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#4115
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First Line Centre
Join Date: Apr 2006
Location: Calgary
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Is there some sort of criminal responsibility for the owners if it gets found out that the owners were never planning to clean up/abandon their wells and their entire strategy was to extract as much value as possible for themselves then stick the bill to the taxpayers?
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05-02-2019, 07:15 AM
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#4116
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Powerplay Quarterback
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Quote:
Originally Posted by InglewoodFan
BC is flush with natural gas, Horgan should get behind a gas-to-liquids plant. He can gain security of supply and some of the cleanest fuel available.
(Tongue firmly in cheek, it would be breathtakingly expensive. But I would love to work on one.)
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has anyone proved this works yet? I know of two companies that have commissioned small units and both failed to work as delivered. On paper they look great but they can't get them operating as promised
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05-02-2019, 02:19 PM
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#4117
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Powerplay Quarterback
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Quote:
Originally Posted by guzzy
has anyone proved this works yet? I know of two companies that have commissioned small units and both failed to work as delivered. On paper they look great but they can't get them operating as promised
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Qatar has one that produces well as far as I know. Sasol/Talisman looked into one for NE BC years ago that didn't go anywhere. But my impression is that far more have been proposed and cancelled than have ever been successfully built.
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05-02-2019, 05:33 PM
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#4118
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Crash and Bang Winger
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Quote:
Originally Posted by guzzy
has anyone proved this works yet? I know of two companies that have commissioned small units and both failed to work as delivered. On paper they look great but they can't get them operating as promised
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Umm Canada is actually already basically a decade behind the times (not surprising). There are lots of LNG terminals worldwide taking advantage of the arbitrage that exists with respect to natural gas prices in Asia.
https://en.wikipedia.org/wiki/List_of_LNG_terminals
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