Personally i think its going to Effect us in a very negitive way, i think there are some big changes in the future.
I think he should have just left it as it was. I dont see the average Albertian getting anything out of this at all.
Personally i think its going to Effect us in a very negitive way, i think there are some big changes in the future.
I think he should have just left it as it was. I dont see the average Albertian getting anything out of this at all.
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i dont mind what he did im glad it will wait till 2009 but i think he should have added teh grandfather clause for the deal that was already made to a few companys.
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I'm glad it went through. I work in oil/gas.
maybe it will help slow things down in calgary
Originally posted by MIWYFSHOT
Personally i think its going to Effect us in a very negitive way, i think there are some big changes in the future.
I think he should have just left it as it was. I dont see the average Albertian getting anything out of this at all.
I hope it will snap people's expectation back into reality.
"if you disagree with my views are cannot adequately my criticism then ignore my posts." - Nusc
Better than expected. Was a tough one for Stelmach, but now he's going to be hated equally from both sides; O&G and Toma.
The market has spoken and I always agree with the market.
If the market don't think it's a threat, I'm fine with it.
What it means for Calgary?
Yes, we will have a mini recession. Housing market is already bombing so without new investments, it'll probably take even longer to recover, which is fine. Adjustment is long over due anyway.
My concern is that new $$$ coming to Calgary. Now that the government has shown that it's not trustworthy, who's crazy enough to throw $$$ @ Alberta now?
I love it.
I'm disappointed that the full report was not implemented. We need this boom to level out to allow for public services, infrastructure, skills a chance to catch up.
Was the #1 Forum Warrior
hopefully it brings down house prices enough so i can actually afford to move out
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Last edited by 01RedDX; 10-30-2020 at 03:26 AM.
My thoughts exactly :POriginally posted by finboy
hopefully it brings down house prices enough so i can actually afford to move out
In all fairness, it was time for a change. Development was occuring at a rapid rate and oil prices were rising significantly. Old royalties were based on the notion that $50, let alone $120/barrel, was a pipe dream. Costs have risen, but not by the same amount.
A little cooling off in the market will be a good thing. Yes, there will be some job loss, but keep in mind that retirement rates are set to spike over the next 5 years. There may be some short term difficulties for smaller firms but the vacuum caused by the boomers heading to Florida will suck anyone back into the work force.
We've still got a long way to go and looking at this thing short-term will not give you the best picture.
Originally posted by FraserB
I think their main complaint is that they did not receive the stolen property they paid for.
Just an FYI, the TSX jumped over 100 points today, a good chunk of which were energy stocks.
Originally posted by FraserB
I think their main complaint is that they did not receive the stolen property they paid for.
1) priced in alreadyOriginally posted by 97'Scort
Just an FYI, the TSX jumped over 100 points today, a good chunk of which were energy stocks.
2) commodity prices
Bingo.Originally posted by AndrewMZ3
1) priced in already
2) commodity prices
Not a fan. I think 20% is too much, too fast.
Also that deal they are breaking with Suncor and Syncrude is bad on Alberta's part
Originally posted by 89coupe
I do get great service there, especially when I mention my name, haha.
Exactly. One of the distinguishing factors that made Canada less risky than say Venezuela was our political stability. Breaking these deals aren't as extreme as say Chavez seizing assets, but it does reduce the credibility of the govt when doing deals with them.Originally posted by Canmorite
Bingo.
Not a fan. I think 20% is too much, too fast.
Also that deal they are breaking with Suncor and Syncrude is bad on Alberta's part
Changes were coming anyway. The market is already slowing itself down. This is merely a way for the oil companies (and related industries) to pass the blame for the layoffs/spending cuts which were coming anyway.Originally posted by MIWYFSHOT
Personally i think its going to Effect us in a very negitive way, i think there are some big changes in the future.
You were close to the point here. The biggest issue that I see with this new deal is the vagueness. The layoffs were coming anyway, as well as market corrections. It happens without government interference, as it has throughout history. The problem is that there are so many vague comments and rules "to be refined later" that it makes it nearly impossible for companies (and therefore investors!) to plan for the next 14 months. The policies themselves, well .... the government will always try and take a chunk. But a comprehensive policy cannot be defined in 5 weeks (the time between the recommendations and the government's announcements), and that means there's a lot of details still left to be announced. And in this case, it's the uncertainty that will cut exploration/investments/production, and cause the sebsequent effects on the economy. Not so much the policies themselves.Originally posted by AndrewMZ3
Exactly. One of the distinguishing factors that made Canada less risky than say Venezuela was our political stability. Breaking these deals aren't as extreme as say Chavez seizing assets, but it does reduce the credibility of the govt when doing deals with them.
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Last edited by kaput; 03-27-2019 at 12:52 AM.
Oil Co's have great accountants who know all the loopholes. It sucks that people think that this "extra coin" will benefit them in some way, some how.
which makes these record profits even more impressive, because we all know they hide as much as they can, any place they can...
So true. They'll just work harder to inflate costs and hide profits.Originally posted by rmk
Oil Co's have great accountants who know all the loopholes. It sucks that people think that this "extra coin" will benefit them in some way, some how.