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

[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

[the big wheel]

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...

Yes sure is.
Our ag groups should be all over this. Pointing out what we're paying for farm fuel and how the price of all our parts etc is affected by these stupid pump prices.
Like I said let's support the oil industry tie in a better transportation of our grain as a package deal and all of us get into this.

[chuckChuck]

At least with FCL the profit is going back to communities all across Western Canada to be paid out to members and reinvested helping the economy and keeping people employed.

[bucket]

Yes sure is.
Our ag groups should be all over this. Pointing out what we're paying for farm fuel and how the price of all our parts etc is affected by these stupid pump prices.
Like I said let's support the oil industry tie in a better transportation of our grain as a package deal and all of us get into this.

Federated overcharges for everything at the local then gives a little back....But now they will get to keep the price of fuel high because of their carbon tax and now we have to pay ours as well...Gas will probably be back to 1.15 after January 1, 2019.....carbon tax and GST on the carbon tax....plus the price of oil is up a little..

Pricing some bins the other day they are $5000 over the ad on kijiji...and all they say is guys are looking at the coop prices....I told him he is retarded...But then I also know of 12 - 10000 bushel bins sold within 5 miles of the local coop that came from others.....

[the big wheel]

Yep prices for things never go down when fuel rises and goes done that's why spikes in fuel are so detrimental in the long run. Grain haulers still charging a. Surcharge. I don't blame them because of their other costs have gone up but where is our surcharge to that surcharge? Just being negative but fk they are protesting a job we re paying for a lifetime.

[grassfarmer]

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

Yea we’re booming.

The facts would suggest otherwise - Canadian unemployment figures are at 40+ year lows.
The begging I agree is bad - we have to do something to address this Corporate begging.

And what does something going on mile under your farm hurt you ?

Like this: http://thetyee.ca/News/2016/03/30/Stanford-Study-Fracking-Groundwater/ http://https://thetyee.ca/News/2016/03/30/Stanford-Study-Fracking-Groundwater/

[Guest]

that is a concern grass
saw it first hand in Sussex NB . when sask potash was doing drilling there for some maintenance of the potash mine , they buggered all the drinking water in a little community .they had been hauling water for years to drink last time I was there
I think most of the frac wells here are deep enough it shouldn't ever happen
had an interesting thing happen when I first started drilling years ago . we had been in field drilling around Cecil lake BC for two years , there was never any formation pressure to worry about . went back a couple years later after they had started water injection into the formations . long story short , took a ***** of a kick that no one was expecting . turned into a blowout . found out esso hadn't even shut water injection pumps off , let alone tell us to expect new pressures in an old formation!