Official (Alberta) Oil Discussion Thread

[nik-]

I'm guessing that that $50 cap is going to be a lot more friendly for the steamers as opposed to the diggers. I don't really know the cost differences though.

[HarryH93]

Originally Posted by AcGold

I'm in school now for software development. Hoping for a software development gig with a geophysics company. Trican-Geotomo offered me a big contract but sadly the software development wasn't there at the time (year and a half ago). That one would've been big $$$, going to try and squeeze myself into a similar such role. If not I'm Bioware bound to work on some 3d modeling.

Going to school was such a good choice, having optimism about my future sure as hell beats grinding it out at a dead end job waiting for oil and gas to rebound.

Just the opportunity and optimism is making my life way way better, recommend any of you go for school or upgrade your skillset if you're just waiting around for the market to rebound. All the potential opportunities sure as heck take a lot of stress away.


http://geotomo.com/Trican%20and%20Ge...%20partner.pdf

One day

If you don't mind me asking, are you at the U of C?

[GGG]

For SAGD $45 -$50 everything that is built can maintain production and it makes sense to invest in new pads to sustain current production. I don't see CPF's (new facilities) being built or expanded at that price unless one of the alternative technologies using solvents really takes off.

But $45 - $50 would mean no more job losses and some marginal rehiring and certainly drilling programs restarting to sustain production.

[_Q_]

Maybe that $45-$50 price is ultimately what's best for the industry.

[Bill Bumface]

I'm not expert, but I don't get the feeling declining production gets fully replaced at $45-$50. Capital program funding after a year of those price levels would be interesting to see.

[Hack&Lube]

Originally Posted by Bill Bumface

I'm not expert, but I don't get the feeling declining production gets fully replaced at $45-$50. Capital program funding after a year of those price levels would be interesting to see.

the declines will hopefully put a further dent into oversupply and then raise the price to where it is profitable to start new drilling.

[Azure]

One would imagine that $60 oil would force companies to be a lot more efficient.

[nik-]

I think this shock is going to maintain this efficiency even into the $80's if it gets there. Yes, memories can be short, but it's going to take some pretty high prices and the subsequent competition for talent during expansions to wipe it away.

[Resolute 14]

The federal NDP looks intent on returning to its traditional place of general irrelevancy on the radical left:

http://www.cbc.ca/news/politics/tom-...esto-1.3523849

NDP Leader Tom Mulcair says that if his party adopts a controversial policy to attempt to end the age of fossil fuels by keeping oil and coal in the ground, he will act to make that policy a reality.

...

Aside from from keeping oil in the ground, the manifesto calls for an end to trade deals and the reorienting of Canadian society away from consumer capitalism.

[nik-]

I saw that interview with Mansbridge last night. Peter tried a few times to get him to take a stance on whether he felt we should leave the oil in the ground. After a few politician dodges he dropped that ridiculous line.

Thankfully they're moving back towards irrelevancy nationally. A few more years left here in this province too, but judging by the first year, there won't be much of anything actually executed here.

Mansbridge, on the other hand, is national treasure.

[Hack&Lube]

Sanjel is now dead & broken up.

http://www.theglobeandmail.com/repor...ticle29517422/

[CliffFletcher]

Originally Posted by Resolute 14

The federal NDP looks intent on returning to its traditional place of general irrelevancy on the radical left:

http://www.cbc.ca/news/politics/tom-...esto-1.3523849

Yeah, that's the platform of a party that's more interested in broadcasting its ideals than in ever forming a government. It's actually a blow to the political left in the country, because without a legitimate threat from the NDP, the federal Liberals can slide back to their traditional position in the centre.

[IliketoPuck]

I've heard speculation on CP and elsewhere that Notley may use being Premier as a bid to supplant Mulcair as the federal NDP leader.

Is that likely at this point? I would have thought if there was a leadership change to be done it would have happened shortly after the federal election.

[Senator Clay Davis]

Originally Posted by IliketoPuck

I've heard speculation on CP and elsewhere that Notley may use being Premier as a bid to supplant Mulcair as the federal NDP leader.

Is that likely at this point? I would have thought if there was a leadership change to be done it would have happened shortly after the federal election.

I don't think it was speculation per se, it was more thinking that she should be incentivized to do a good job in Alberta as it would be the perfect springboard to becoming federal NDP leader. A federal NDP leader with strong ties to Alberta sounds like a path to winning. Obviously she hasn't done a good job to date, so her appeal as a national candidate probably isn't that high anymore. Then again the fact Mulcair is still the leader after the federal election slaughter sort of suggests their potential crop of replacements is weak.

[calgarygeologist]

Originally Posted by IliketoPuck

I've heard speculation on CP and elsewhere that Notley may use being Premier as a bid to supplant Mulcair as the federal NDP leader.

Is that likely at this point? I would have thought if there was a leadership change to be done it would have happened shortly after the federal election.

Mulcair, for whatever reasons, didn't step down as party leader and the party didn't seem motivated to overthrow him so at this point a leadership change isn't happening. Notley may be considering a run but that information is being held pretty private. She would have to wait for a party leadership convention in order to get things moving officially.

[Resolute 14]

Originally Posted by Senator Clay Davis

I don't think it was speculation per se, it was more thinking that she should be incentivized to do a good job in Alberta as it would be the perfect springboard to becoming federal NDP leader. A federal NDP leader with strong ties to Alberta sounds like a path to winning. Obviously she hasn't done a good job to date, so her appeal as a national candidate probably isn't that high anymore. Then again the fact Mulcair is still the leader after the federal election slaughter sort of suggests their potential crop of replacements is weak.

Politics in Canada in a nutshell. Both the CPC and the NDP are lacking in good candidates. The Liberals went after a pretty boy with a famous last name.

[Slava]

Originally Posted by Resolute 14

Politics in Canada in a nutshell. Both the CPC and the NDP are lacking in good candidates. The Liberals went after a pretty boy with a famous last name.

Well frankly its not just the lack of good candidates that is a concern for those parties, it's their policies. I mean really when you read today that the NDP is talking about leaving the oil and coal in the ground entirely what kind of candidates are you going to attract?

[IliketoPuck]

Originally Posted by Slava

Well frankly its not just the lack of good candidates that is a concern for those parties, it's their policies. I mean really when you read today that the NDP is talking about leaving the oil and coal in the ground entirely what kind of candidates are you going to attract?

After a $30Bn deficit budget (3x what was campaigned on), I don't think the ruling party can lay claim to having good policies either.

[Slava]

Originally Posted by IliketoPuck

After a $30Bn deficit budget (3x what was campaigned on), I don't think the ruling party can lay claim to having good policies either.

Yeah well that could be a factor next election. They campaigned on a deficit though, and people obviously didn't reject that. The point is though that if you have policies that are going to be controversial it makes it hard to get good people to run for you; who wants to stand up in downtown Calgary and try to defend a moratorium on oil?

[heep223]

Why can't someone provincially and/or federally run as a socially progressive fiscal conservative. Please for the love of god take my vote.