Should we join the rallies with equipment.....

[macdon02]

No, I'm quoting Government of Canada figures.

Yeah before they borrow against it to pay for social programs... the world runs off unicorn farts.. keep believing there's no leverage from govt. If that was true an increase in US interest rates wouldn't crank the Canadian national debt. You're in for an eye opener. Reserve currency runs the show whether you like it or not. We don't sell debt in loonies.

Then you take the increase in land values for the county/rm, the income tax from the producers and service co's, the welder on the pipeline, the trucker hauling water, cement, pipe, casing, fracking, the hotshot service delivering bits, the seismic that found the formation, the surveyors, the crude haulers, the service rigs that maintain wells, the girls working hse, the stores and hotels in butt **** no where that have every day customers, the fuel stations that service the rigs and trucks and their employees all paying income tax... yeah bull shit is 3.5% you are on glue. Don't forget the property taxes paid for head offices and satellite offices in Calgary Edmonton regina, then ipsco and the Ford dealers along with peterbilt and kenworth and God knows who makes trailers... and the tire shops and engine rebuilders and yeah they'd all exist without oil but their business would be half without oil and they'd need half the employees of solely servicing ag. You are so naive


Then you take all the deductions from the above being employed that's servicing the"greater good" that's redistributed through the federal govt.. I haven't even mentioned royalties that are "not high enough" or the gst, excise tax, pst on gasoline, diesel, nat gas, propane, power, and the wages and pensions paid to the public sector that service utilities ... you know, those good union jobs. That's merely the domestic aspect let alone the influx of foreign capital and US dollars.

[GDR]

Then you take the increase in land values for the county/rm, the income tax from the producers and service co's, the welder on the pipeline, the trucker hauling water, cement, pipe, casing, fracking, the hotshot service delivering bits, the seismic that found the formation, the surveyors, the crude haulers, the service rigs that maintain wells, the girls working hse, the stores and hotels in butt **** no where that have every day customers, the fuel stations that service the rigs and trucks and their employees all paying income tax... yeah bull shit is 3.5% you are on glue. Don't forget the property taxes paid for head offices and satellite offices in Calgary Edmonton regina, then ipsco and the Ford dealers along with peterbilt and kenworth and God knows who makes trailers... and the tire shops and engine rebuilders and yeah they'd all exist without oil but their business would be half without oil and they'd need half the employees of solely servicing ag. You are so naive


Then you take all the deductions from the above being employed that's servicing the"greater good" that's redistributed through the federal govt.. I haven't even mentioned royalties that are "not high enough" or the gst, excise tax, pst on gasoline, diesel, nat gas, propane, power, and the wages and pensions paid to the public sector that service utilities ... you know, those good union jobs. That's merely the domestic aspect let alone the influx of foreign capital and US dollars.[/QUOTE]

Yep, whole list of dollar added benefit not included. Oil and ag the building block of western canada

[the big wheel]

What's going to happen to oil prices when Russia is given the oil fields in the Middle East?

[sumdumguy]

Some guys are so damn stuck in the socialist bush that they can’t see out and never will get out. Jealousy blinds them for life.

[grassfarmer]

So for you folks that look out your window and think the oil and gas and agriculture that you see is 80% of the Canadian economy how do you explain the increase in GDP? over 3% in 2017, over 2% in 2018 - things can't be that bad in the patch hey?

[SASKFARMER3]

Grass if you honestly believe canada is doing ok. I think your handle works and your smoking grass. Lots of joints.

USA booming all way south it’s easy to see all way down, less homeless etc. Also.

Canada travels homeless, begging and layoffs all over. Sad people

Yea we’re booming.

[the big wheel]

I would support the patch if there was and is a footnote to all this.

Yes we will build pipelines and you can expand the industry but under these trade offs.

Land owners rights will be adhered to.
Royalties will be collected high enough to pay for rhe needed infrastructure increases hospitals schools roads etc.
Domestic prices will be lower for oil and gas than world price giving the country a real advantage to having all this oil and gas.

If that happens and that should be the deal then yes let's go for it.

[bucket]

I would support the patch if there was and is a footnote to all this.

Yes we will build pipelines and you can expand the industry but under these trade offs.

Land owners rights will be adhered to.
Royalties will be collected high enough to pay for rhe needed infrastructure increases hospitals schools roads etc.
Domestic prices will be lower for oil and gas than world price giving the country a real advantage to having all this oil and gas.

If that happens and that should be the deal then yes let's go for it.

The big wheel


Is it just me or do you find it odd that while thousands are out of work....federated makes a billion plus dollars and leaves the price of gas where it is with 20 dollar a barrel oil feeding their upgrader refinery complex...

[chuckChuck]

Record $1B profit for FCL in 2018

December 20, 2018

Federated Co-operatives Limited (FCL) had more to celebrate than its 90th anniversary this year, with record profits driven by exceptional market conditions in the energy sector. True to its co-operative roots, FCL is sharing the majority of these profits with local co-ops in Western Canadian communities.

For the year ended Oct. 31, 2018, FCL recorded revenues of nearly $10.7 billion, up eight per cent from $9.8 billion the previous year. From these revenues, FCL realized record earnings of almost $1.1 billion, up from $575 million in 2017. This surpasses the previous record of $879 million in 2013 and and far outstrips the 10-year average of $689 million.

“These results are above and beyond anything we anticipated and we’re not expecting to see the same exceptional results in 2019 because new policies and market conditions are already affecting profitability in our energy business lines,” said FCL CEO Scott Banda.

“However, 2018’s results are important to our co-operative; what makes us a different kind of business is what we do with these profits. We pass them on to locally owned and operated co-ops across Western Canada, which in turn pass much of their profit on to their own members and reinvest the rest in their local operations and communities. It’s who we are, it’s why we’re here and it’s one of the reasons that Co-op keeps growing after all these years.”

Profits returned to Co-ops and their local communities

This year, $789 million is being returned to the more than 170 independent retail co-operatives that are FCL’s members and owners. Over $630 million of this will be in cash, with the remainder being additional share capital in FCL. This return is especially important because for the past few years, these retail co-operatives were impacted by the economic downturn and received lower returns from FCL.

Over the past 10 years, FCL has provided more than $4.7 billion in returns to these local retail co-ops. They invest these returns into their operations, such as new and renovated facilities, to serve the needs of Western Canada’s 1.9 million individual co-op members—and many more customers—in more than 580 Western Canadian communities.

For its part, FCL will be making investments into its current assets and facilities, such as the $140 million project to reduce the amount of sulphur in gasoline produced at the Co-op Refinery Complex (CRC). FCL will also prepare for the future knowing that carbon regulations will have a major impact on operations, not only at CRC but across all business areas.

[Guest]

Fancy graphics Macdon - does it help them get the product to tidewater?

Oliver88, not as big a deal as it's made out to be. The taxation only accounts for 3.5% of Government revenue.

Farma, these long horizontal legs are the oil patch's dream - let's them drill underneath anybody and leave the landowner with no rights.

Well it sounded like thats what you and others wanted ? Not to be bothered by oilpatch ? And what does something going on mile under your farm hurt you ? We drilled lots of these and one whole pad of say 8 holes with 6 legs each might only take 6 months