Oilpatch A&D Discussion Thread - Apache, Talisman, Baker Hughes and anyone else

[Canmorite]

Originally posted by killramos


lolWut?

Haha! Oops, it's crazy around here. 30-35% of production is in Caanda is what I meant to say, with 50% in North America.

[broken_legs]

Anyone know: Did TLM keep their assets in Iraq? Is Repsol taking over there?

[ExtraSlow]

TLM isn't keeping anything. They aren't going to continue operation at all. Repsol is buying every single asset and every single share. If anything is sold afterwards, it's Repsol who is selling it.

[Ntense_SpecV]

Well I guess the layoffs are going to be coming right after Christmas or very early in the new year. I got a text yesterday that MEG cancelled every project at WorleyParsons right now - town hall meeting saying full and complete work stoppage. I know that they have been unhappy for years with them and I think this was a good excuse for them to pull the plug on current engineering contracts.

[Feruk]

I wonder who gets bought out first... Penn West, Baytex, or Light Stream. None have a sustainable business at this price. My bets are 2 of the 3 gone by next year.

[broken_legs]

Originally posted by ExtraSlow
TLM isn't keeping anything. They aren't going to continue operation at all. Repsol is buying every single asset and every single share. If anything is sold afterwards, it's Repsol who is selling it.

my Q wasnt very clear. I thought that TLM had already sold most of their world wide assets. My question was regarding whether or not the assets in Iraq still belonged to TLM or whether they had already been sold off.

[ExtraSlow]

Strong speculation that CNRL announces something within the week.

[flipstah]

Originally posted by Feruk
I wonder who gets bought out first... Penn West, Baytex, or Light Stream. None have a sustainable business at this price. My bets are 2 of the 3 gone by next year.

IMO, Lightstream seems to have more attractive inventory judging by quick glances of websites: Montney play and the Bakken.

[adamc]

CNRL announces acquisition of the City of Calgary.

[you&me]

Originally posted by adamc
CNRL announces acquisition of the City of Calgary.

Pffft, not based on yesterday's release of assessments... They'll wait for a sale.

[SKR]

Lightstream has said that they are planning on selling part or all of their Bakken unit.

I should call them and see if I can buy one well.

[16hypen3sp]

Originally posted by ExtraSlow
Strong speculation that CNRL announces something within the week.

Where is the speculation coming from? All I have heard is the Penn West rumours.

[flipstah]

Originally posted by 16hypen3sp


Where is the speculation coming from? All I have heard is the Penn West rumours.

ExtraSlow is Murray Edwards stirring the pot.

THE JIG IS UP, HONEY BADGER!

[ExtraSlow]

Well, I'm definitely stirring the pot, but you have my secret identity partly wrong.
I'm more this:

» Click image for larger version
than this:

» Click image for larger version

Anyone who was in that jeans thread would know I'm too skinny to be Murray. Sheeet, I still have a neck at least.

[ekguy]

Originally posted by killramos


There is a good saying in this town. Every downturn CNRL gets a little bit bigger

That's the value of free cashflow and patience. IMO CNRL is one of the safest bets for long term growth in the patch. I would bet my pension on them.

yeah but CNRL has a horrible environmental track record and I do alot of work there and they seem to be the bottom of the barrel type company. Maybe im seeing things wrong but it seems like they aren't the ones paying their staff top dollar

[killramos]

Originally posted by ekguy


yeah but CNRL has a horrible environmental track record and I do alot of work there and they seem to be the bottom of the barrel type company. Maybe im seeing things wrong but it seems like they aren't the ones paying their staff top dollar

I never said I wanted to work for them. I have no interest in joining the evil empire, that place changes people.

Invest in them though, that I would do

[lasimmon]

I have lots of friends who work at CNRL and love it

[ExtraSlow]

I have friends who work at CNRL. I don't think I can honestly say any of them love it. Some of them have been there a long time and love the stock.

[Feruk]

Originally posted by ekguy
it seems like they aren't the ones paying their staff top dollar

I've heard the opposite.

Originally posted by ExtraSlow
I have friends who work at CNRL. I don't think I can honestly say any of them love it. Some of them have been there a long time and love the stock.

Maybe my memory is shit, but didn't you used to work drilling for Devon, and therefore would've gone to CNQ?

[killramos]

Originally posted by Feruk

Maybe my memory is shit, but didn't you used to work drilling for Devon, and therefore would've gone to CNQ?

Perhaps but now he is at Baker-Burton or Halli-Hughes ( not sure which ) , as per the last Baker-Halliburton thread lol