Newfoundland effectively insolvent

[WiltonRanch]

After Trudeau was elected many oil guys here vowed to not hire a Newfie because the buggers came here and did well and then went home and returned the favour voting liberal. Goes around comes around. This slowdown has caused oil companies to tighten their belts and trend to thermal and secondary recovery on multiple well pads. Means higher production, less footprint, less need for oil services, less workers, and more guaranteed production which means cheaper cost per barrel. Still will be cold wells but biggest manpower demand is digging new wells and that isn’t happening much. Even development of thermal projects is scaled back until things stabilize and demand grows which isn’t indicated. Long story short, Newfie’s Maritimers and Ontarioans better find somewhere else to make a living they can crap on at election time. Same goes for teachers who can’t get jobs in the eastern homes so they come out here and try to poison the minds of our children with their lefty drivel. We don’t need or want you.

[Spyguy]

Well not hard to figure out. Liberal Governent forever. Give it another 4 years and all of Canada will be like Newfoundland. Secondly Newfoundland had a lot of employment from the Alberta oil fields. Karma is needed for the ones who can’t figure it out. I hope Alberta never employees esteem workers again.

[ajl]

When are the layoff of grifting, corrupt snivel disservants going to begin.

[jazz]

This an interesting article regarding NL budget. yes effectively insolvent.

But under the scenes there is a little oil war being played out. You see Suncor doesnt just operate in AB where the feds have gone after our oil industry. Suncor is talking about abandoning Terra Nova which is a major revenue source for the province.

Little bit of pay back going on? Both on the liberals and the voters of NL for helping elect these crooks?

https://www.msn.com/en-ca/money/topstories/n-l-government-to-deliver-second-pandemic-budget-as-it-stares-down-47-billion-debt/ar-AAKyvwT?ocid=msedgntp N.L. government to deliver second pandemic budget as it stares down $47-billion debt

[Old Cowzilla]

She will be ice free in 2 yrs with climate change.

Oil and NGLs can be stored. Grains and potash can be warehoused. Then fire them out in the summer window.

In the off season send up tons of tourists to see the polar bears.

You mean send tons of tourists to feed the polar bears and save the seals right !!! Is the bay deep enough for the bigger boats?

[furrowtickler]

Bugs are good , meat bad for the climate though ....
or is it ok for China to consume meat but not North America so we can save the climate ??

[agstar77]

With the expected population growth in US Mexico and 100M people here it's entirely possible one day our exports stay on shore.

China nearing zero pop growth. They are going for more quality so meat consumption is growing.

She will be ice free in 2 yrs with climate change.

Oil and NGLs can be stored. Grains and potash can be warehoused. Then fire them out in the summer window.

In the off season send up tons of tourists to see the polar bears.

Google Russian nuke powered ice breaker
Ice is no problem anymore
Anyways its all gone right cluck cluck?

[jazz]

Perhaps we should wait and see when it does become ice free LoL.
In the mean time, we have the Mississippi and the Columbia.
Gawd forbid we improve assets on our own soil.

With the expected population growth in US Mexico and 100M people here it's entirely possible one day our exports stay on shore.

[blackpowder]

She will be ice free in 2 yrs with climate change.

Oil and NGLs can be stored. Grains and potash can be warehoused. Then fire them out in the summer window.

In the off season send up tons of tourists to see the polar bears.

Perhaps we should wait and see when it does become ice free LoL.
In the mean time, we have the Mississippi and the Columbia.
Gawd forbid we improve assets on our own soil.