Lost your job in Alberta? Just go to BC!

[403Gemini]

http://globalnews.ca/news/2379629/albertas-energy-minister-says-laid-off-workers-could-work-in-b-c/

:rofl:

Their job market is arguably worse than ours.

Yeah, let's encourage people to leave our province.

Our government is silly :)

[Xtrema]

Well, she's a rookie and just speaking realty of the situation of what she know from the area.

If I'm sitting with nothing to do in GP, I may as well check out Ft St. John.

Also, the comment while sounds awful, it's not without merit. Our unemployment is at 6.6% while BC's is at 6.1%.

[403Gemini]

And Saskatchewan's is the lowest at 4.7 and they're an oil and gas province too...

[msommers]

I've heard that drilling in Sask is pretty sweet. Companies can recoup their drilling costs before taxes and royalties are in effect.

[Xtrema]

Originally posted by 403Gemini
And Saskatchewan's is the lowest at 4.7 and they're an oil and gas province too...

Brad Wall ain't stupid, he will lure everyone over and make sure Alberta won't recover as fast. That's why CMHC is still bullish on the Regina/Saskatoon real estate market.

This will be probably 2x worse than Stelmach. The question will Alberta suffer pain for 5+ years for long term gain down the road. I bet not.

[revelations]

The out of province workers have long since left AB already.

[Feruk]

Originally posted by msommers
I've heard that drilling in Sask is pretty sweet. Companies can recoup their drilling costs before taxes and royalties are in effect.
Untrue: taxes and royalties in effect day 1. The royalty rate is just crazy low. On shallower wells, you get ~35,000 barrels at 3% royalty. Deeper wells have ~100,000 barrels at 3% royalty. No time restrictions. In Alberta, there is a barrel restriction (meaningless) and a time restriction of 1.5 years. I believe that's at 5% (I don't really work Alberta much). After that, the rate's something like 20-25% (volume dependent, decreasing from there).

For wells I've drilled, I'd effectively pay 3% in Saskatchewan and 15%-20% in Alberta. "Fair share" indeed. :rofl:

[suntan]

Just getting the NDP to understand revenue and net profit must've taken weeks.

[finboy]

Good, the sooner we can shrink down alberta a bit the better, personally I am hoping for calgary to head back to the 1 million mark

[Canucks3322]

Amen to that... The older I get the more I want to live in a nice quiet peaceful city... Calgary would be so nice if there was less people.

[Feruk]

Yeah but it's never the people you want to leave that actually do...

[btimbit]

Imagine if Trudeau came out and suggested moving to the US for a job

[finboy]

Originally posted by Feruk
Yeah but it's never the people you want to leave that actually do...

In this case I am guessing a lot of the people who came to the province seeking riches would head back to their home provinces, and wrinkly boomers would retire to bc

[jwslam]

https://scontent-sea1-1.xx.fbcdn.net/hphotos-xfp1/v/t1.0-9/12049337_10156094701100483_7040497172427358604_n.jpg?oh=1ccdb92685e532300cd4dd366ce59008&oe=56DDEC4B

edit: anyone know how to img facebook pix?

[msommers]

Originally posted by Feruk

Untrue: taxes and royalties in effect day 1. The royalty rate is just crazy low. On shallower wells, you get ~35,000 barrels at 3% royalty. Deeper wells have ~100,000 barrels at 3% royalty. No time restrictions. In Alberta, there is a barrel restriction (meaningless) and a time restriction of 1.5 years. I believe that's at 5% (I don't really work Alberta much). After that, the rate's something like 20-25% (volume dependent, decreasing from there).

For wells I've drilled, I'd effectively pay 3% in Saskatchewan and 15%-20% in Alberta. "Fair share" indeed. :rofl:

Interesting! Heard it from a guy from industry giving a presentation to the department with assets for like 30 years in Sask. Apparently doesn't know or needed to be more specific lol. Thanks!