Ummm,they didnt close any valves bud,just stopped new development and new wells.
I guess you never heard of the clipper.
I guess you never heard of the clipper.
You Alberta Suckers !
- Thread starter Albertabound
- Start date
Ummm, yeah they did close valves.....bud. That is why service rigs have been much busier than drilling rigs over the past several years. That you can look up as well. I don't have to look it up because I was there witnessing it....were you? Service rigs were on a mission capping wells all over Alberta....bud
Ya,i was in cold lake when encanna put a moratorium on wells as an Encanna rep,no one closed any valves off,capping wells happens all the time,thats why i mentioned that some pipelines projects were put on hold or cancelled,if theres no way to move the gas then you cap the wells.It takes lots of money to stay ahead with future exploration and infrastructure and if the money isnt there you sit back and wait for better times and work with what you have.
if we could just close off the "valves" we would have done so a long time ago to eastern Canada.:lol:
if we could just close off the "valves" we would have done so a long time ago to eastern Canada.:lol:
You just helped explain partially my post. It is because of economic times that help create the work slowed down in Alberta but everyone blamed Ed
Yes Alberta sucks and unfortunetly Manitoba blows which makes it really freakin' windy in Saskatchewan
Look...don't take it personally all you Albertans, I just wanted to get my point across that the oil companies dictate and control the province and the people there. Just as they will here soon.
Before AB changed theirs to the higher level?
Current Royalty Rates and History
http://www.er.gov.sk.ca/adx/aspx/ad...&MediaID=28807&Filename=oil_royalty_curve.pdf
Prior to the influx of companies here, our taxes were the problem to investing companies, we were not investor friendly, they were being taxed too much.
Royalty and Production
http://www.er.gov.sk.ca/adx/aspx/ad...s&MediaID=28804&Filename=Factor+Circulars.pdf
http://www.er.gov.sk.ca/adx/aspx/ad...s&MediaID=28804&Filename=Factor+Circulars.pdf
... Ahhh, I see.. So the oil companies dictated terms to Sask and are now running the government.
Interesting
Once again you do not have the slightest idea what you are talking about.
Everything you claim is erroneous nonsense.
Stelamach raised the top tier conventional royalty rate to 50%.
That was the highest rate for current land based oil in Canada if not North America.
I see in your later posts you have indeed provided links to Saskatchewan royalties.
Looks like Saskatchewan's top tier is 39% to me.
You should read your links before you tell other to "check the numbers".
Here is a link for you:http://www.calgaryherald.com/busine...+harmonized+royalties+with/2692483/story.html
It clearly points out that Alberta royalties are still higher than either BC or Texas AFTER Stelmach's latest royalty cut.
I see by your above post that you are now back in Saskatchewan.
Your name here is Albertabound.
May we infer you have returned back to Saskatchewan after following the work there from Alberta?
If so, are you aware it completely negates your entire argument?
You also seem to not have the faintest idea what a publicly traded company is.
It means a company who's owners are the public.
The board of all these is companies usually selected by vote again by the shareholders (the general public).
Almost all the O&G companies in Canada are public.
Just about all the oil companies working in Saskatchewan are A) the exact same companies that work in Alberta and B) are publicly owned.
You need to do a little more reading (and thinking) before you post.
Or maybe you are just a a troll.
If not, I just have to ask: Are you a worm on a circus rig?
Trex
The work I followed is not in oil and gas any more. Just work in general.
And as far as the publicly traded company thing goes. The day "you" decide what "your" publicly traded company does and when "you" can dictate what and when they do things you come back to me and tell me how public it is and that "you" own the company. "You" don't decide sh#t. Yes these companies are working in Saskatchewan but they are also making less money than they did in Alberta. Just as most of the construction companies are also working here and again for break even revenue, just to keep their guys working. You have no idea how many Alberta construction companies bid and won jobs here because they made sooo much in alberta that they can work for bread even bids just to keep working. A Saskatchewan company can't do that because they never made a piss pot full of cash in the past 10 years working for fat cat oil companies in Alberta.
Have you looked world wide my friend.
At no point did I state that Sask. was higher or as high.
As it should be for God's sake you have the 2 largest oil reserve in the world. Quit giving it away. If the oil companies want it, they will pay for it. Do you really think they would just wake away from the 2nd largest oil reserve in the world. Do what you want ...give it away re-elect...I could give a rat's a## what you do. I just think you are all very stupid to think it is because of royalty increases that unemployment jumped in Alberta. It was called a reccession and it started in 2004 around the time that job numbers started to decrease.
And as far as the publicly traded company thing goes. The day "you" decide what "your" publicly traded company does and when "you" can dictate what and when they do things you come back to me and tell me how public it is and that "you" own the company. "You" don't decide sh#t. Yes these companies are working in Saskatchewan but they are also making less money than they did in Alberta. Just as most of the construction companies are also working here and again for break even revenue, just to keep their guys working. You have no idea how many Alberta construction companies bid and won jobs here because they made sooo much in alberta that they can work for bread even bids just to keep working. A Saskatchewan company can't do that because they never made a piss pot full of cash in the past 10 years working for fat cat oil companies in Alberta.
One more thing....when oil goes back up to $120/barrel and above, which it will when economies get going again. That publicly "owned" company of yours will be laughing their a## off at all you people and will be making 2 billion per quarter.
Hope your dividends pay well, because your province itself could have the best of everthing based on those royalties but instead they will be getting smidgen of what they really deserve.
Hope your dividends pay well, because your province itself could have the best of everthing based on those royalties but instead they will be getting smidgen of what they really deserve.
Next time you are at a ceo meeting of one of these companies, you better tell them to get back to work because Alberta is going for sh#t without them.
Petros.... who might want to look into the history of Imperial Oil aka Standard Oil and that will lead you to most all major oil companies. Oh...what am I talking about ....the public owns it.
Royalties schmoyalties. The problem lies with subsidies!!!! CDN oil is only profitable to oil companies if the industry is subsidized.