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AB and $50 oil

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    #1

    AB and $50 oil

    An interesting video that paints a different picture to what we usually hear. Tough on the NDP too so that should entice some of you to watch it.

    [URL="http://www.youtube.com/watch?v=wNPLICOYrrw"]http://www.youtube.com/watch?v=wNPLICOYrrw[/URL]
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    #2
    Ill bite! Yea the NDP is super duper in Alberta! The Rinoceros party almost were better, And Trudeau is liked all across canada!

    Click image for larger version Name: 14724478_970180199777994_2404333757923405246_n.jpg Views: 2 Size: 47.4 KB ID: 765177

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      #3
      So almost 1 in 4 people vote for liberals. So find that one friend and slap the sucker.

      Have a nice day Grass your heroes are not great.

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        #4
        Watched the first 10 mins don't have time to watch it all. If as he states oil companies can make money hand over fist at 50 dollar oil and still paying royalties as if oil was at 100 dollars why has virtually every oil company in Alberta reported losses in the last year and even though the NDP raised corporate taxes from 10% to 12% their revenue from corporate taxes will drop by about 750 million in 2016? As I said didn't finish the video, I am assuming he didn't like the fact that the NDP didn't raise royalties is that correct?

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          #5
          Originally posted by grassfarmer View Post
          An interesting video that paints a different picture to what we usually hear. Tough on the NDP too so that should entice some of you to watch it.

          [URL="http://www.youtube.com/watch?v=wNPLICOYrrw"]http://www.youtube.com/watch?v=wNPLICOYrrw[/URL]
          Good article Grass It takes a while to watch,worth it.
          This should be watched by all Land owners, The oil companies sold off leases in our area nobody is getting leases paid for or maintained . 20 out of 22 leases on our land not producing and never will again .There is no money set aside no bond , to clean them up. This is bad news for all.

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            #6
            Originally posted by Hamloc View Post
            Watched the first 10 mins don't have time to watch it all. If as he states oil companies can make money hand over fist at 50 dollar oil and still paying royalties as if oil was at 100 dollars why has virtually every oil company in Alberta reported losses in the last year and even though the NDP raised corporate taxes from 10% to 12% their revenue from corporate taxes will drop by about 750 million in 2016? As I said didn't finish the video, I am assuming he didn't like the fact that the NDP didn't raise royalties is that correct?
            This has nothing to do with the ndp but they are screwed also ,you have to watch more, it the wells no clean up. This well effects us all.Waiting for crop to dry its good view. skip to 30 min. into video
            Last edited by lnewman; Oct 25, 2016, 08:12.

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              #7
              Originally posted by SASKFARMER3 View Post
              Ill bite! Yea the NDP is super duper in Alberta! The Rinoceros party almost were better, And Trudeau is liked all across canada!
              Maybe you should bite your tongue if you are too lazy to watch the video or too stupid to understand it.



              Hamloc he shows that $22 is their breakeven. Creative accounting can make what is good look bad just as it can do the opposite. He reckons the collapse in royalty levels since the Klein era has caused the current deficit situation. Nowhere else in the world gives their resources away as cheap as AB, BC and SK. The most remarkable claim was about the NDP royalty review of which he was part - he was in the room when it happened. They just looked around and said "everything OK?, lets just keep it as it is" there was no process, no analysis, no data used. If that is true that is huge in my mind as it implies the province is still run by big oil and it means the Alberta financial situation is not going to improve whether its the NDP or PC's in power.

              And then the points about well abandonment that lnewman raises. This is a video well worth watching.

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                #8
                If their breakeven is 22 dollars a barrel wouldn't these oil companies still be making a profit and paying taxes instead of cutting staff and posting losses? Are you saying the NDP royalty review was a farce? Sorry doesn't add up will have to find time to finish watching.

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                  #9
                  Originally posted by Hamloc View Post
                  If their breakeven is 22 dollars a barrel wouldn't these oil companies still be making a profit and paying taxes instead of cutting staff and posting losses? Are you saying the NDP royalty review was a farce? Sorry doesn't add up will have to find time to finish watching.
                  Its an interesting one for sure. According to him yes, the NDP review was a farce. Says that @the 15 minute mark I believe.

                  Comment

                    #10
                    Appreciate this one, thanks.

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