126barnes
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Posts posted by 126barnes
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regardless of the current winning streak and whether or not they squeak into the playoffs (i'm thinking 8th with the preds falling off and wings in 7th although the flames have the toughest remaining schedule, followed by another first round exit) who thinks that the sutters will be still in charge next year?
i've been a supporter of Darryl till now but it seems as though he's had his chance to make the team into a contender and has been unable to even get close to contending for a cup. is this new version of the flames just a stop gap measure until he can put into play a plan for next year? can't see this version of the flames being much better than the one that started the year.
not if they can luck into playing the Sharks, I'm thinking another early playoff exit again this year for San Jose.
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Very nice................hope you got a few bucks put a way, I haven't had my single hander out since I hooked my first one on the long rod.
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Very nice.
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In Newfoundland hundreds of millions of dollars were spent on dryholes with a small number of discoveries being made. When the government takes an equity interest in the succesful projects there is no reimbursement for all the costs of the dryholes. Individual wells cost up to $60MM. Dryholes are a part of the business. Very rarely is a company successful in a frontier area with the first few wells. Successful projects have to be able to carry the burden of the dryholes.
With or without an equity stake the above is true(except the 60million part, you couldn't hit ocean floor for 60 million) if the project is going ahead why not force an equity stake, on whatever scale is viable.
Once again the scale of production and reserves offshore Newfoundland is not comparable to Alberta.I really wouldn't know, but there is money to squeeze out of a hot dog vendor and he still can make money. He might pull out, but if there is money to be made (and it oviously is), someone will take his place, question is can you weather the storm. After all Alberta has the sh!t or get off the pot rule (fareo Sp?) fed's say Newfoundland not allowed to have that rule, might have another Alberta to deal with.
The "fair share" study did not consider land sales bonuses and rentals to be part of government take. In actuality it is a considerable expense to industry and cash cow for the government. The report writers thought very wrongly that companies could pay higher royalties and still pay large land bonuses.Will thats just something you got to figure out before you move in. The oil companies said that could not give up 4.9% stake in Hebron when negoiation broke off and stayed off for years, I guess they reconsidered, or things changed, either way the province came out better, just delayed a bit. NL did have to pay $110 million for 4.9% of a 5 Billion investment (do the math), they wanted it for nothing when it broke off the first time.
Every business and individual has a certain tax and operating cost load that they can bear. If your individual tax load were to increase you have to cut back on your living expenses (no more fishing?). The Stelmach plan doubled royalties on the small number of good wells in the province.The problem with that is you are depending on the guy making all the money to tell you the truth, with a 5% vested interest, he got to show you the books (cooked books, but the books none the less), and we know how companies like to do that (wonder why the 4.9% on Hebron). Not sure if the royalities in AB is set province wide, but home they are all different by project, so it come down to this project is just barly viable so you'll need to knock down the royalies if you want it to go ahead bullsh!t.
Anyways I'm not trying to argure NL vs AB oil (just using examples of what I know), just that AB could be and should be doing better.
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Kinda two in one here:
No not the Venezuela model and no to nationalizing, our fed Government could never do something that would work.
Currently the canadian government has a 8.5% interest in the Hibernia project on the East coast, which was pretty much bail out money for a project that wasn't going to go ahead after a partner (Murphy's I think) pulled out, or so they say. So it paid 8.5% of ~6 billion dollars ( 700mill recoverable that is now over 1.2 billion recoverable, and who know who much more other than the oil companies)and has had a nice return on their dollar.
Not sure how Alberta invites oil companies into the province to look for oil, but currently Newfoundland does not collect money from oil companies to lease land (mostly water) but the highest bidder must spend that winning price of the lease auction in a exploration program in the said waters. Since the Hibernia, Terra Nova, & White rose project have come and have only increased in "expected recoverable oil" . The Newfoundland Governement has since required a equity stake in all developments stalling the Hebron project (700 mil recoveable)for years in dispute with the oil companies. Since then both sides have come together on a 4.9% equity stake on the said project and the governement has pasted Legislation that all projects and expansions to have a 10% equity stake for Nalcor (Newfoundland's energy company). Since then expansions to White Rose (just finished up working this job and is currently in production) and Hibernia South (just starting) have moved forward under these terms. So I wouldn't say "Invite companies in and then nationalize projects" & "government ownership" just get a piece of the action and not pay for the looking part. The governemnt is puting up money on projects that can't mess, not paying the lotto on punchin holes in the ground, hundred million dollar holes. Then there is still the royalites that are so complex it would make your head spin, from 5% untill payout, up 50% after pay out when oil is more than $X/b.
They are also doing some small land ing drill exploration, but peanuts (20 Million, so far) compared to the offshore. But with bigger interest over 60% owner shipI think.
I can't get into all the production rates, politics, taxes etc involued cus I just don't know anything about it. Just saying if it works for other countries and provinces why not Alberta, on what ever scale. Maybe Newfoundland expience into the patch might me a bad one for the government and the tax payers on these equity stakes, who know, but it looks promising, and seems to be working so far.
An "equity share" would mean the province would have to invest in the project. That's what equity is. The province has chosen a passive interest. The province pays administration to collect money without risking equity.The average well in Norway produces over 8000 Bbls/d and produces millions of barrels. The average well in Alberta starts at about 50 Bbls/d and produces 50,000 barrels.
Apparently you like the Venezuela model. Invite companies in and then nationalize projects. When the projects begin to fail under government ownership repeat the cycle. Maybe the government should do that here with your house. There are lots of people on the street who would love to have it. Teh government could sell it back to you once it's trashed.
Alberta does not compare to huge international and offshore projects.
Alberta used to have a government owned company - AEC. It started with the exclusive rights to drill on the defense weapons ranges and it was successful. Anyone remember why the government sold it? I think because they believed they should not be in the business of competing with their own taxpayers.
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My point being that they took ownership of their resource, maybe a litte too late for Alberta as she is already so dependant on Oil revenue. Its being done in this country in other provinces.
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If the province wants to spend tax money drilling it's own wells then it should entitled to 100% of the benefits - and those benefits include drilling dryholes (at least $250,000 / well with 30% of wells today being dry) . The province chooses not to risk taxpayer money and so forfeits benefits. Surely all of you industry bashers can't be ignorant enough to think that companies will invest money without an expectation of profit. Do you choose jobs that pay you less than your living expense or do you have a profit motive also? If you think hard earned money should be given away I'll send you my address.
The province doesn't need to spend money on exploration, just don't let the discovery go into production without agreeing to a equity share of the production project.
What do you think the royalties should be? Maybe we should be like Norway where the average well produces 8000 Bbl/d and the government takes 80%. That would kill 100% of the industry. What is the unemployment level you want to see?Whats wrong with that, last I heard Norway wasn't hurting from their tuff rules in the patch. Nothing happens in their water unless they are involved. Hey Yank, we have oil, teach us how to drill, thanks, now get out of our country. Hey Brit, teach us how to build oil rigs, thanks, now get out of our country. Maybe we should own a oil company and call it Norsk Hydro and thensplit it and merge with statoil to become one of the largest oil companies in the world......................seems like its working to me.
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Sorry to hear, I got my stuff ripped off a couple years ago, bad feeling for sure.
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a little, haven't had it out that much, hey maybe thats why I can't cast worth a S%^T
. Not sure about teh scandi set-up, just heard about from other board members. -
Uh oh there is a 4119 on speypages for sale! 126Barnes can I borrow your 4119 to try out this weekend?
:) Sat or Sunday would be cool Yeah no problem. Its lined with a 40+ right now, might be worth while borrowing the scandi kit from fishtales.
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Alright.. so the USA are in the process of absolutely slaughtering Finland!!
It's like ~15 minutes in and it's 6-0!! They've already chased Kipper and then 2 more on Backstrom in like 15 seconds...
cancel men' hockey to then..................LOL.
When your best player is on the verge of retirement from the NHL, what do you expect. I am surprised however.
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I find it odd that people talk about tossing an event out of the olympics because only 1 or 2 teams are dominant. Look at the other most exciting event in the Olypics - Ice Dancing. From 1976 to to 2006 - Russia/Soviet Union won 7 Gold, 6 Silver, and 3 bronze. The only reason they didn't seep the medals is that they only entered 2 teams. So out of a possible 18 medals , they won 16. Don't recall anyone talking about tossing Ice Dancing from the Olypmics (and it would be an awful shame if they did).
People talk about how Canada beat Slovakia 18-0. How about Men's Giant Slalom. The winner clocked 2:37.83. The last place finisher - 3:34.92 - pretty sure I could come close to that time. If they had to race against each other it would make Canada-Slovakia look competitive.
Maybe it’s just me, but individual dominants is totally different than team dominants, and pairs don't count as a team. I only see Hockey and Curling as team sports, I'm guessing thats because one team per nation. We are also not talking about first and last, we are talking about first and third.
Also Ice dancing maybe popular (is it?), but exciting I would have to argue with.
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Tryed watching the womens hockey games, just couldn't get into it. After seeing some of the prelim games and the Canadian semi I lost interest. The difference in talent is just too great, the fins and swedes, the number 3 & 4 teams in the world are even light years behind. Yes there have been exceptions when one of these team upset the big gals. Its just something about team sport when one team wipes the floor with the other that is just not interesting to me, even if its the mens Can/Rus quarter, shut it off after 6-1. Maybe I should of watched the womens medal games as atleast the score seems to indicate it as an entertaining game.
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Exactly. By the way, does the gold taste like cigar?
I agree, not the smartest move, no problem with the beer and cigars, just not on the ice surface.
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I can see why she was upset,especially in an event that Silver is finishing last in a two team event.
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Probably can't get out again until the end of March but does anyone have a 3, 4 or 5wt spey I could try out? Anyone have an Echo Switch? I know Headscan had the 4119 spey but sold it...
If you can get out on a Sat or Sun, your welcome to try that 4119, warning thou, I think he sold cus it only catches Whitefish.
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hope it gets sorted
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Crosby, Iggy, Staal
Getz, Nash, Perry
Sharks
the rest
from what I read earlier, would like to see big Joe on the pine after the last game.
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I'll go with a bigger score than that........7-1.
Look for Nash to have a big night, now that he has a decent center to play with
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Round robin doesn't count, I don't care what anyone says about having to play an extra game, a "longer, harder road to the gold medal game" blah blah blah. More games the better I say, and so much the better if we have to play Russia sooner than later.
Smitty
Except now Canada will have to beat 3 of the best 4 teams in the world to win the Gold.
Yes being the Best means beating the Best, but why make it harder on yourself, this is a single elim. tourney.
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I cast the 10' 6wt still water and was pretty pumped on it at the expo this year. Pretty sweet rod, it was lined funny at the time but once you could feel the rod loading properly woweee.
I tryed out the 5wt stillwater, very impressed, I will be buying one very soon.
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Gonna give the stillwater more of a go this year, put these couple together to see what happens.
Pic is elongated for some reason, can't figure it out
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Nelly looked good on the TSN feed..................CTV had her short and fat.........or maybe it was the TV's in the Pub.
KD Lang??.....................I thought that it was Vince Gill after gaining a few pounds
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Loop, Eumer And Rhea In Store
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Do I hear a tube tying demo in the future.....................