05-17-2016, 02:17 PM
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#2441
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Scoring Winger
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Quote:
Originally Posted by fundmark19
Double meat kind of enthusiasm?
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I don't know if we'll ever get back too that level. Extra cheese would be okay though.
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05-17-2016, 02:24 PM
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#2442
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Powerplay Quarterback
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Quote:
Originally Posted by Husky
Fixed property taxes and surface rentals that kill economics of a well over its life.
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You have some terrible wells you should have never drilled if prop taxes and surface rentals are killing economics! 
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05-17-2016, 02:32 PM
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#2443
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#1 Goaltender
Join Date: Feb 2012
Location: Calgary
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Yeah, it isn't property taxes, rentals or even greedy suppliers that make it tough in Alberta (although none of those things help). The Western Canada Sedimentary Basin is a mature field, far, far from markets, with little viable egress to those markets.
New technology will help (oil sands and shale recovery, tight oil and gas plays), but there are some fundamental issues at play which make Alberta less than desirable when compared to a Marcellus gas play or even a North Dakota Bakken play.
__________________
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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05-17-2016, 03:54 PM
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#2444
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On Hiatus
Join Date: Jul 2011
Location: Calgary Alberta Canada
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Quote:
Originally Posted by blueski
I don't know if we'll ever get back too that level. Extra cheese would be okay though.
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Subway cheese that's disgusting.
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05-18-2016, 01:23 PM
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#2445
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Franchise Player
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Oil and gold most definitely don't like the hawkish fomc minutes released at 1230 today. Strange day for oil in general...increased inventory at 830...by a lot...price goes up...then the big dive after minutes are released. I wonder if this is the price in for a June rate hike.
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05-18-2016, 01:26 PM
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#2446
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Powerplay Quarterback
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It just proves oil is trading on USD more than anything, coupled with non-fundamental supported sentiment trades... All bearish signs for crude.
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05-19-2016, 02:22 PM
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#2447
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Franchise Player
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The NEB has just approved Trans Mountain, as far as I can tell from the live video.
http://www.cbc.ca/news/business/pipe...589518?cmp=rss
Woohoo!
Quote:
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The National Energy Board has issued a 533-page report recommending governor in council approve the Trans Mountain Expansion Project, subject to 157 conditions.
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Last edited by Fuzz; 05-19-2016 at 02:25 PM.
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05-19-2016, 02:29 PM
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#2448
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Franchise Player
Join Date: Sep 2009
Location: Calgary
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Quote:
Originally Posted by Fuzz
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That comment section below the CBC article, though. Yikes.
__________________
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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05-19-2016, 02:33 PM
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#2449
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Franchise Player
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Well this should make things interesting.
http://www.cbc.ca/news/business/redw...ptcy-1.3588209
Quote:
Alberta Chief Justice Neil Wittmann has ruled to put lenders ahead of clean-up costs when energy companies go bankrupt.
The Redwater Energy case is one that the energy sector, international investors, bankers, lawyers and regulators were all watching closely.
Redwater was a tiny oil and gas company that went into insolvency in the spring of 2015. It owned a stake in 16 producing oil and natural gas wells, as well as nearly 70 more inactive wells. It owed its bank, ATB Financial, a little more than $5 million.
Redwater's bankruptcy trustee, Grant Thornton, wanted the ability to sell the producing wells in order to pay back debt.
However, the Alberta Energy Regulator (AER) argued that any proceeds from asset sales needed to go first to clean up the mess — namely those 70 non-operational wells, that have not been subject to the costly decommissioning process.
The judge ruled Wednesday that secured creditors, such as banks, have priority over environmental concerns.
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We did some work for Grant Thorten on behalf of Redwater Energy a while back, suffice to say it was cash up front.
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05-19-2016, 02:35 PM
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#2450
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Franchise Player
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Quote:
Originally Posted by IliketoPuck
That comment section below the CBC article, though. Yikes.
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You read the comments? DON'T read the comments.
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05-19-2016, 02:37 PM
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#2451
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In the Sin Bin
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Quote:
Originally Posted by IliketoPuck
That comment section below the CBC article, though. Yikes.
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What, were you expecting rational commentary from the BC fruit loop industry?
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05-19-2016, 02:41 PM
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#2452
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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The derpy keyboard ecowarriors from BC always crack me up.
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05-19-2016, 02:43 PM
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#2453
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Franchise Player
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I was run out of a TMEP geotech site by protestors in Burnaby a couple of years ago. Twerpy little runts, but they had the filthiest mouths!
Glad to see that I won in the end.
Last edited by peter12; 05-19-2016 at 03:19 PM.
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05-19-2016, 03:07 PM
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#2454
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Franchise Player
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Quote:
Originally Posted by peter12
I was run out of a TMEP geotech site by protestors in Burnaby a couple of years. Twerpy little runts, but they had the filthiest mouths!
Glad to see that I won in the end.
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I tip my hat to you, good sir.
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05-19-2016, 03:17 PM
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#2455
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Lifetime Suspension
Join Date: Sep 2005
Location: The Void between Darkness and Light
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Quote:
Originally Posted by Weitz
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This seems backwards to me.
Why should the alberta government be on the hook for these wells that need to be decommissioned? they weren't the ones that extended the credit. This cost is just externalized onto the taxpayer when it should be accounted for in the risk analysis of the creditors.
Doesn't seem right to force the state to eat that cost.
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05-19-2016, 03:19 PM
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#2456
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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Orphan wells and clean up should be front of the line.
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05-19-2016, 03:25 PM
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#2457
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Franchise Player
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Quote:
Originally Posted by Flash Walken
This seems backwards to me.
Why should the alberta government be on the hook for these wells that need to be decommissioned? they weren't the ones that extended the credit. This cost is just externalized onto the taxpayer when it should be accounted for in the risk analysis of the creditors.
Doesn't seem right to force the state to eat that cost.
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The Orphan Well association would be on the hook which is industry funded.
If anything this will make the responsible producers upset and could force some changes.
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05-19-2016, 03:29 PM
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#2458
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Franchise Player
Join Date: May 2004
Location: Marseilles Of The Prairies
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Quote:
Originally Posted by Weitz
The Orphan Well association would be on the hook which is industry funded.
If anything this will make the responsible producers upset and could force some changes.
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The OWA runs out of the AER. It's going to be at least partially, and likely majority, subsidized with Public funding.
__________________
Quote:
Originally Posted by MrMastodonFarm
Settle down there, Temple Grandin.
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05-19-2016, 03:30 PM
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#2459
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Franchise Player
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Quote:
Originally Posted by PsYcNeT
The OWA runs out of the AER. It's going to be at least partially, and likely majority, subsidized with Public funding.
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As someone who does a lot business with the OWA you couldn't be more wrong.
I'll let you go to their website and educate yourself.
http://www.orphanwell.ca/
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05-19-2016, 03:38 PM
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#2460
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Franchise Player
Join Date: Sep 2009
Location: Calgary
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Quote:
Originally Posted by Resolute 14
What, were you expecting rational commentary from the BC fruit loop industry?
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No, certainly not. They represent a special, yet highly talented demographic of keyboard facerollers.
I generally avoid the comments section as it is inevitably a train wreck, but I just couldn't look away.
__________________
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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