Risk Takers Slapped in the Face

[Horse]

PS who is paul jackson and if I am not mistaken the royalties are paid on net earnings. 25% of net leaves 75% profit wouldnt it be nice to be bothered by those kind of numbers.

[furrowtickler]

N/G will sonn be at profitable levels for the sharks. I have no love lost for those who suffer "losses" for less than four years - we made it. Live with losses or get out.It is called cycles _ up down.

[ivbinconned]

Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive; those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience. - C.S. Lewis,

[ado089]

2006 Net Earnings:
-Husky Energy - $2.7 billion
-Conoco-Phillips - $15.6 billion
-Petro Canada -$1,588 million
-Calfrac -$72.5 million

Can somone put me in touch with the Rolling Stones so I can get a benefit concert going to support the poor oil industry. Anyone interested in making a donation please forward cheques or money orders to me. I would like to thank all of you in advance for supporting Alberta oil and gas in this time of need.

[ado089]

Ivbinconned...That great health care system you speak of in Alberta was built in the 1980's for the most part during a down swing, if I'm not mistaken, of the oil and gas industry in alberta. I'm thinking that was probably revenue derived from...wait for it...oil royalties, yet I still pay $1,200/ year for alberta health care...looking back on my records when I left Sk it was, oh ya, FREE. And those highways, same time, same money..which by the way are pounded to s**t now. It takes money to build infrastructure, it takes infrastructure to get oil out of the ground and move the people around that get the oil out of the ground and to fix those people when they get hurt taking the oil out of the ground. As for increased wages, who cares if you make a dollar more per day if it cost you a dollar and half more to live that day. If you are a farmer, which I'm starting to question, to the average albertan this economie equates to saying you sold you canola for $20/bu but forgeting to mention that the basis was $15.

[silverback]

Do you mean you left sask? When? Why? Where is home now?

[ivbinconned]

2006 spending and investing:
-Husky Energy - $????
-Conoco-Phillips - $????
-Petro Canada -$????
-Calfrac -$????

With out these numbers...the above information means nothing.

Don't know any poor people that hire anyong??

[ado089]

I left sask in 2004 to move to the Calgary area. ,This was before the boom really took hold. I had my fun in Saskatoon, dad wasn't ready to start sharing the farm yet. I wanted to stay near a bigger city and Winnipeg and Regina were out of the question so that left Calgary. I stayed in agricuture and now that there is a labour shortage myself and a couple of friends from university dable in construction...Beleive me as soon as I can find a new job close to home that is still a step up for me I am out of Alberta.

As for those numbers not meaning anything take a careful look at that comment...those are NET figures directly off of their 2006 financial reports. That would take into account their investment costs as well. Personaly I want to see any deserving buisness venture be successful but at $90/barrell that success is coming out of my pocket. Let's not forget that these resources belong to the people of Alberta and until that changes everyone should benefit from those natural wealths, with a little more for the people that capitalize on them....An interesting side not since we are talking about investment. In 1947 when oil was discovered at Leduc a barrel of oil and a bushel of wheat were worth about the same (approx. $2.50) now tell me what the world would miss first...oil or food?

[silverback]

So you moved to Calgary to take advantage of the job market that is happening and now you are complaining that you aren't getting a piece of the pie correct?

You are upset that the major oil companies are posting profits on their books, but you won't admit that the reason the job market in calgary is booming is due to the spinoff from the gas patch.

You seem really pissed that you have to pay health care premiums now that you live here, but do you suppose that maybe the reason that you didn't have to in Sask was either that you didn't make enough money in the first place, or that the tax rate in Sask is higher to cover the shortfall?

Some of the same companies that invested a lot of money in Alberta and hired thousands of people are now getting things going in Sask in a big way, perhaps it is time to follow them there. Then after you get a good paying job due to the money they have pumped back into the province, you can ask your gov't why your taxes are so high and you have a provincial sales tax.

[ivbinconned]

089...perhaps YOU should read a little more carefully. The article I posted was about "little oil".

Even the BIG ones you mentioned have been spending the profits they gained...you best find out how and where before you condemn or jump to conclusions.

Would "Leduc" ever have happened had those risking and investing been told..."go ahead"...but if you succeed you have to share with everybody...even those that JUST MOVED HERE???"

That principle is as important today as it was then…but is not well understood.

Your comments betray the typical NDP jealousy and envy of anybody, or entity that makes more than ME...this has been the downfall of Saskatchewan, where farm land is the highest taxed in Canada!! No wonder you left. My kids did too. But if you want to come back and help us pay the taxes and the health care of an aging population, and support a high native population …come on back.