01-08-2016, 05:52 PM
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#1
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Franchise Player
Join Date: Sep 2002
Location: Estonia
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Official (Alberta) Oil Discussion Thread
Please use this thread for discussion around the current oil situation. If you have layoff news, post it in the layoff thread: http://forum.calgarypuck.com/showthread.php?t=149623 Thanks.
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01-08-2016, 11:24 PM
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#2
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Powerplay Quarterback
Join Date: Dec 2009
Location: SE Calgary
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Oil now hovering around the $33 mark, that's an ultra low price cushioned just slightly by the low CAD. There are going to a be a lot of service companies big and small that won't be around by the of 2016.
__________________
"In theory, there is no difference between theory and practice. But in practice, there is" — Jan Van De Snepscheu
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01-11-2016, 12:05 PM
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#3
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First Line Centre
Join Date: Apr 2006
Location: Calgary
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Good start to 2016. WTI at $31 today after another -6.5% plunge.
I'm expecting the layoff thread to get really active with actual layoff news around March (end of Q1).
Royalty review results will be done in the next couple weeks. In this environment, I doubt the review will have any effect on producers, unless the NDP is really dumber than I thought.
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01-11-2016, 12:26 PM
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#4
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Franchise Player
Join Date: Mar 2006
Location: Victoria
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Don't know if this belongs in here, but the BC provincial government just formally opposed the Kinder Morgan pipeline.
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01-11-2016, 12:30 PM
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#5
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Norm!
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knew that was coming.
time to see if we can drive a pipeline north and to an Alaskan port I guess.
Or tell BC that we don't like the carbon coming from trucks full of their goods coming across Alberta and heading east so we're going to put a toll on it.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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01-11-2016, 12:36 PM
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#6
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First Line Centre
Join Date: Apr 2006
Location: Calgary
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Quote:
Originally Posted by rubecube
Don't know if this belongs in here, but the BC provincial government just formally opposed the Kinder Morgan pipeline.
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Political posturing - the BC government has no jurisdiction over inter-provincial pipelines.
It's so when the NEB approves it (and justifiably so considering it's twinning an existing pipeline, on the same land and same right of way, carrying the same product through the same terrain), they can tell their voters that they tried their best but the evil Harper-controlled NEB forced their hand.
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01-11-2016, 12:38 PM
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#7
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In the Sin Bin
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Can any oil sands producer turn a profit at $31?
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01-11-2016, 12:41 PM
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#8
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First Line Centre
Join Date: Feb 2002
Location: Normally, my desk
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Quote:
Originally Posted by polak
Can any oil sands producer turn a profit at $31?
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Nope.
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01-11-2016, 12:41 PM
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#9
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Franchise Player
Join Date: Aug 2008
Location: California
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New investment is not profitable at 31 wti. However maintaining current production and operating at least in the sagd area is.
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01-11-2016, 12:43 PM
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#10
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First Line Centre
Join Date: Feb 2002
Location: Normally, my desk
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Quote:
Originally Posted by GGG
New investment is not profitable at 31 wti. However maintaining current production and operating at least in the sagd area is.
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Very debatable. I'd say best case is break even at this price.
Edit.....I spoke using bad or misplaced memory cells. It looks like Cenovus, as an example, runs their plants at about $10-$15 a barrel.
Last edited by Leeman4Gilmour; 01-11-2016 at 12:48 PM.
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01-11-2016, 12:54 PM
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#11
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Franchise Player
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Quote:
Originally Posted by Leeman4Gilmour
Edit.....I spoke using bad or misplaced memory cells. It looks like Cenovus, as an example, runs their plants at about $10-$15 a barrel.
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Yeah a lot of the SAGD plants are ~$18bbl. Although that should be WCS, not WTI price AFAIK.
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01-11-2016, 12:56 PM
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#12
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Franchise Player
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I did a lot of stakeholder consulting on TMEP in the Lower Mainland. I didn't witness the Burnaby Mountain fiasco, but I was blockaded inside of a geotech worksite in Burnaby with a bunch of very angry drillers by the standard motley ragtags.
Later on during the day, Burnaby city officials came in support... of the protesters.
KM better build that **** pipe. The lack of real infrastructure in this country will kill any possible recovery.
EDIT: I was famous! Briefly. That's me in the green fleece.
http://www.cbc.ca/news/canada/britis...ay-1-1.2970620
Last edited by peter12; 01-11-2016 at 01:01 PM.
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01-11-2016, 01:02 PM
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#13
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First Line Centre
Join Date: Oct 2011
Location: Winchestertonfieldville Jail
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Horizon runs at about 26-28 right now per barrel
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01-11-2016, 02:22 PM
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#14
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Lifetime Suspension
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Quote:
Originally Posted by CaptainCrunch
knew that was coming.
time to see if we can drive a pipeline north and to an Alaskan port I guess.
Or tell BC that we don't like the carbon coming from trucks full of their goods coming across Alberta and heading east so we're going to put a toll on it.
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That's the approach i've been wanting to use with BC for years now.
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01-11-2016, 02:25 PM
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#15
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Franchise Player
Join Date: Mar 2012
Location: Sylvan Lake
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So at what point will we see further movement at the pump?
The price has been "stuck" at $0.82(ish) for some time.
__________________
Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
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01-11-2016, 02:30 PM
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#16
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Franchise Player
Join Date: Feb 2007
Location: A small painted room
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Quote:
Originally Posted by peter12
I did a lot of stakeholder consulting on TMEP in the Lower Mainland. I didn't witness the Burnaby Mountain fiasco, but I was blockaded inside of a geotech worksite in Burnaby with a bunch of very angry drillers by the standard motley ragtags.
Later on during the day, Burnaby city officials came in support... of the protesters.
KM better build that **** pipe. The lack of real infrastructure in this country will kill any possible recovery.
EDIT: I was famous! Briefly. That's me in the green fleece.
http://www.cbc.ca/news/canada/britis...ay-1-1.2970620
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Nice one! Shouldn't you be wearing tweed or something though?
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01-11-2016, 02:35 PM
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#17
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Franchise Player
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Oh the safety vest doubles as a velvet smoking jacket.
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01-11-2016, 02:38 PM
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#18
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Franchise Player
Join Date: Mar 2012
Location: Sylvan Lake
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Quote:
Originally Posted by peter12
I did a lot of stakeholder consulting on TMEP in the Lower Mainland. I didn't witness the Burnaby Mountain fiasco, but I was blockaded inside of a geotech worksite in Burnaby with a bunch of very angry drillers by the standard motley ragtags.
Later on during the day, Burnaby city officials came in support... of the protesters.
KM better build that **** pipe. The lack of real infrastructure in this country will kill any possible recovery.
EDIT: I was famous! Briefly. That's me in the green fleece.
http://www.cbc.ca/news/canada/britis...ay-1-1.2970620
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I always pictured you as a flat cap kind of guy, not ball cap.
__________________
Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
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01-11-2016, 02:41 PM
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#19
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Franchise Player
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Quote:
Originally Posted by undercoverbrother
I always pictured you as a flat cap kind of guy, not ball cap.
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Yeah, but they are custom-fitted throwback wool ball caps.
https://www.ebbets.com/
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01-11-2016, 02:45 PM
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#20
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Powerplay Quarterback
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Ugh, this is just getting uglier every day.
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