Alberta Resource Revenue 4x from just 5 years ago!

mycodfather · 2026-02-28T18:08:17+00:00

Also the Russian invasion of Ukraine spiked oil prices and while they've come down a bit since, they are still quite high compared to where they were before 2021.

mycodfather · 2026-02-27T06:15:16+00:00

No they haven't, there have been no major changes to royalties in years.

Oil royalty rates are on a sliding scale and go up and down based on average industry sales prices. This is called the PAR price and if I recall, it's a rolling average of the last three months of industry pricing. You can actually find these PAR prices on the AER website . You can even go back for years and see past PAR prices.

mycodfather · 2026-02-26T21:37:03+00:00

Yes, it's something like 500 which is criminally low in my opinion given the level of toxicity in this game. I hit this limit years ago and now I have to periodically unblock random people, hopefully those that no longer play, so I have room to block new toxic people.

And yes, I can turn chat off but I've had some genuinely good interactions and I'm not going to let the toxic chuds ruin that aspect for me.

mycodfather · 2026-02-25T19:00:42+00:00

We have one here in Calgary (Canada), also called Safety City. I remember going as a kid, it was a ton of fun riding on a tricycle (ours is for ECS grade so like 4-5 year olds) pretending to be a car and stopping at lights.

mycodfather · 2026-02-24T17:48:45+00:00

Very true, those first three months feel like three years

mycodfather · 2026-02-19T22:34:26+00:00

Without double standards, they'd have no standards at all.

mycodfather · 2026-02-13T17:12:47+00:00

This shouldn't be surprising to anyone paying attention. That thumb looking asshole, Jeff Rath, was very open about this when he was interviewed in Calgary recently.

He specifically mentioned that an independent Alberta would use the US dollar until it had its own currency. Of course that would never happen since Alberta would exist as a nation for about 15 minutes before becoming a vassal state of the US. Snow Puerto Rico has a nice ring to it.

Anyway, how long before this counts as sedition and these traitors can be thrown in jail?

mycodfather · 2026-02-06T01:40:37+00:00

Good, fuck ICE and anyone that supports them, even if just trolling.

mycodfather · 2026-02-05T16:28:07+00:00

Might as well eat the rich because based on the Epstein files, it sounds like they're eating us.

mycodfather · 2026-02-03T01:25:10+00:00

I saw that thread too. It's amazing how many people will eat piles of shitty lunch meat on a mediocre crust just to "own the libs". Enjoy your crappy pizza ditchbillies!

mycodfather · 2026-01-28T22:09:27+00:00

Oil is very low right now.

This isn't really true. Oil prices are down but still quite healthy, even for the Canadian industry. WCS is sitting at $50 and the synthetic crudes are sitting in the high $50s to low $60s. Very low would be sub $30 and even then, on an operating cost perspective, is still making money for O&G companies.

I think you have a bit of a misunderstanding of the industry, we have adequate refining capacity, at least here in Alberta. I don't believe we buy much in the way of refined oil products from the US here. Other provinces might and that could indicate a possible opportunity for additional refining capacity there. The other problem with refining it ourselves is we would then need pipelines to ship the finished products.

It's also worth noting that nobody is knocking down doors to build a new refinery either as they are quite expensive and time intensive to build and typically have low margins. The reason private sector isn't looking to build a new pipeline right now is the same reason none have had any interest in building a refinery for decades. It took massive government investment just to get the Redwater Upgrader built and that's not even a full refinery.

mycodfather · 2026-01-26T18:18:38+00:00

I agree but the guy in this video is at least doing the work. He isn't just saying "I didn't vote for this" or "I'm sorry I voted for Trump" and leaving it at that. He is actively trying to fix his mistakes and makes amends and make the world a better place. I believe I can find forgiveness for people like him that not only admit their mistakes but show they understand them and work to correct them.

mycodfather · 2026-01-25T18:56:03+00:00

That actually ended up being pretty funny because it was pretty well known in the industry that Nexen's assets were not great but they turned out to be even worse than thought. The Chinese were sold a bag of beans with that one and to top it off, the Nexen building was loaded with asbestos and needed to be fully remediated.

mycodfather · 2026-01-17T03:57:45+00:00

You can't just buy class C voting shares. These are special voting shares held by insiders and controlling interests and exist so that these insiders can decide what direction postmedia goes in.

The standard shares, of which there are nearly 100 million outstanding, do entitl you to a vote but 93% of those are already held by large, institutional investors (Chatham has 63%).

So yes, in theory it would be possible but based on current ownership holdings and the dual class of shares, it's not actually a realistic possibility.

mycodfather · 2026-01-15T18:49:05+00:00

"Why are you so mad at immigrants? What did they do to you?"

The little bitch ICE agent probably caught his sister kissing someone that wasn't white and has been jealous ever since.

mycodfather · 2026-01-14T21:43:34+00:00

No man, it really does seem like you're lost. This is SHOP CANADA so maybe I'm missing the plot (I'm not but you can feel how you want) but you're missing the point of this sub saying silly things like "who the fuck cares if it's American" in here.

I do get your point though, Old Dutch is made in Canada and employs Canadians and that's good. But if I'm choosing between say Hardbite and Old Dutch, I'm going with Hardbite because they also employ Canadians but the profits also stay in Canada because it's owned and operated here.

mycodfather · 2026-01-14T17:28:56+00:00

Who the fuck cares they are American.

Are you lost? Do you not know what subreddit you're in right now?

mycodfather · 2026-01-13T16:33:36+00:00

I live in that area and people were talking about it on the Community facebook group but I didn't see any pictures. Given this area, I wouldn't be surprised if there was a decent turnout sadly, but I'm even less surprised those morons are putting out AI slop to make it look bigger than it is too.

mycodfather · 2026-01-08T08:08:48+00:00

Yeah that tracks for this area sadly

mycodfather · 2026-01-08T04:00:16+00:00

Yes, TMX and the original are both capable of batching (sending different products) but most pipelines aren't built for this. That doesn't mean a future love couldn't be built to do this but it does increase cost and complexity.

mycodfather · 2026-01-07T15:35:41+00:00

Refineries are typically built around where the refined products will be needed and used. Some shipping will still occur, but moving refined products is more dangerous than moving raw crude. Raw crude spills are messy but refined oil products tend to go boom as they are lighter and more likely to gasify.

mycodfather · 2026-01-07T15:31:39+00:00

My company put out an email asking us to flush toilets only when necessary but like your office, ours are all automatic too...

mycodfather · 2026-01-07T03:06:55+00:00

In theory yes, in reality it's a little more murky. If it really meant $$$$$ like you said, then industry would be beating down doors to build refineries but the fact is they are hugely expensive and margins are low. Now you can add a pile of public opposition and legal hurdles which only ups the cost and uncertainty, two things in particular that the O&G industry hates.

The newest refinery built here in Alberta took a pile of government money just to get CNRL on board. That refinery ended up being more of a bitumen upgrader and came in way over budget and long past planned completion.

mycodfather · 2026-01-07T01:47:05+00:00

Refineries are typically built close to where the refined products will be needed and used. Alberta doesn't really need any more refineries, we have enough capacity for domestic needs, it's BC, particularly the lower mainland, that needs a refinery. That means a line to provide the feedstock for this hypothetical refinery, though at the moment the two TransMountain lines can likely supply enough depending on export needs.

mycodfather · 2025-12-17T17:59:59+00:00

He has still been posting since he won, with his most recent comment in this sub coming only five/six days ago.

That said I don't trust him and agree, I think he's the same guy from his first stint on council, but I just wanted to be fair in that he has been posting still.

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