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Thread: Oil and gas consolidation 2021

  1. #181
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    I've been part of two large acquisitions with major culture changes. In the end, as long as the acquirer has a strong culture, and the management sets clear expectations, it will be just fine. I find field staff figure it out faster than those soft people in the office, but a certain amount of attrition is a natural part of the process, and honestly not a problem. That's the best way of gaining "efficiencies", through headcount reductions.

    When TAQA bought Northrock, Primewest, Pioneer Canada and Shiningbank all within "effectively one year" it was a total disaster, but then again, TAQA had zero local employees before that. A case study that should be taught in MBA school.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  2. #182
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    I know I don’t know what I am talking about.

    But confirmed this aft that WCP is taking 0 technical staff, they are all going back to the motherships.

    Field staff yes, office staff no.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  3. #183
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    Sounds like a win-win-win.

  4. #184
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    Quote Originally Posted by ExtraSlow View Post
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    ... A case study that should be taught in MBA school.
    LoL at "teaching MBA's..."

  5. #185
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    Tamarack Valley buys Deltastream.
    https://energynow.ca/2022/09/tamarac...n-1-1-bln-deal

  6. #186
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    I can never remember where this thread is when I try to update it.

    Real estate / finance? Interesting.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  7. #187
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    I just search keywords in the thread title. I can never find what I want any other way. I blame coronavirus.

  8. #188
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    Word on the street is some of the VP's basically 100x'd their initial investment into the company... in 3-4 years??

    good on them!

    They are gonna be rolling with bavarianbeast and shak now

  9. #189
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    Working for a living is massively overrated. Owning something with a liquidity discount and value multipliers on the other hand is the tits.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  10. #190
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    Quote Originally Posted by killramos View Post
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    Working for a living is massively overrated. Owning something with a liquidity discount and value multipliers on the other hand is the tits.
    At the very least max out you and your families CCPC tax exemptions amirite

  11. #191
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    Maybe a few more weeks for me? Let's see what happens.

  12. #192
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    Quote Originally Posted by ExtraSlow View Post
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    Big deal. TVE all in on Clearwater.
    Under 1yr payouts at $40 WTI. Pretty damn good.

  13. #193
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    Anyone have thoughts on why OVV is bothering with a Montney showcase next Monday? Seems unnecessary unless they are about to sell the asset.
    https://investor.ovintiv.com/2022-09...onference-Call

  14. #194
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    Quote Originally Posted by suntan View Post
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    Maybe a few more weeks for me? Let's see what happens.
    Which clearwater company are you at
    Last edited by riander5; 09-12-2022 at 02:44 PM.

  15. #195
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    Quote Originally Posted by ExtraSlow View Post
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    I had Deltastream for a customer once. They followed none of our recommendations, did whatever they wanted without telling us, then bitched because the price was higher than what we quoted. Even though none of what we quoted happened. Also the consultant wore jeans every day that were so bedazzled I thought they had to be girls jeans, and refused to answer texts or phone calls. Fuck Deltastream.
    2007 GMC 2500 Duramax
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  16. #196
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    I had a wellsite supervisor who wore nothing but Ed hardy shirts and bedazzeld jeans. Dislike.

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    Did he have a "Dirty hands, clean money" sticker?

  18. #198
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    They hadn't invented stickers back then.

  19. #199
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    Dad? Is that you?

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    Not really consolidation but hammerhead is going public with a spac. Valuing co at $1.4B.

    Super weird deal.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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