Oil money

[Joholio]

maybe some tfws and people who take their cheques back home will tip the waitress now

 

[freeflorider]

Snowing in Revy! supposed to get warm next week though

Yep, some snow here to in Nelson but yesterday sucked on the airport....4inch of hard crust from freezing rain and soft down below, great for getting stuck in the trees. I knew them beers I packed would come in handy.

 

[snochuk]

Have not gone back and read every post but what I really don't understand is wtf has the Government done with all this oil revenue? To make me more frustrated I read the following article:

https://canadiandimension.com/articles/view/if-every-norwegians-a-millionaire-whys-alberta-in-hock

Say what you want, we as Albertan's should have more given the billions of dollars pumped out of the ground.....

Every government wastes resources of which cash is one.
Just remember:
1) Large volume of the profit leaves the province for federal transfer payments, last I heard was over 19 billion a year. That's right we share - a lot!
2) Every job I work on in the tarsands the mojority of tradesmen are from out of province - aka they are paying provincial tax in their home province - don't get me started on forgien workers.
3) The money the out of province workers make circulates the local economy they live in, Not Alberta, and good for them!
4) Half the guys hired for my project are fom BC so when our neighbors to the west pout about Alberta they may want to dry an eye and give their comments some deeper thought as can other whiners.

The tar sands benifit the whole country as it should - we are not the center of the universe - Ontario is! Well actually it is a tie with Quebec.
When oil money dries up the whole county suffers - neither logging, fishing, mining, textiles or farming spreads the amount of wealth throughout the country like oil and gas.
That is just how it is - no other single industry can support as many families - it will hurt accross the country. Thank goodness we have the other industrie to prop us all up when needed.

Alberta will survive - but it is gonna hurt those that are carrying large debt.
Been in the game almost 30 years and big oil and construction companies are reacting way different to this one in long term planning.
My guess is at least three years before any real recovery STARTS to occur, tighten yer belts.

Not defending our grossly wastefull government or some of our personnel waste, just my point of view on where some of that excess money goes.

 

[pistoncontracting]

Every government wastes resources of which cash is one.
Just remember:
1) Large volume of the profit leaves the province for federal transfer payments, last I heard was over 19 billion a year. That's right we share - a lot!
2) Every job I work on in the tarsands the mojority of tradesmen are from out of province - aka they are paying provincial tax in their home province
3) The money the out of province workers make circulates the local economy they live in, Not Alberta, and good for them!

The tar sands benifit the whole country as it should - we are not the center of the universe - Ontario is! Well actually it is a tie with Quebec.
When oil money dries up the whole county suffers - neither logging, fishing, mining, textiles or farming spreads the amount of wealth throughout the country like oil and gas.
That is just how it is - no other industry can support as many families - it will hurt accross the country. Thank goodness we have the other industrie to prop us all up when needed.

Alberta will survive - but it is gonna hurt those that are carrying large debt.
Been in the game almost 30 years and big oil and construction companies are reacting way different to this one in long term planning.
My guess is at least three years before any real recovery occurs.

Not defending our grossly wastefull government, just my point of view on where some of that excess money goes.

The government is not the only one with a wasteful spending problem. Ironically enough, it seems the expansion of the economy is largely driven by seemingly wasteful spending.

 

[SavageCanuck]

looks like those new Doo sleds are going to have to make Doo ha ha for at least 3 -4 years.Good thing they have a good warranty.Seriously like any cyclic industry anyone that has been in the game long enough should have some cash put away and a reasonable amount of good debt.I paid my first house off at age 29 and never kept any bad debt.Life has been pretty easy ever since.I am a sub contractor in Kelowna BC and went thru a horrible 09 and 10 but survived just fine owing to minimal debt.GOVTS. should learn the same but that will never happen do too ineptitude everywhere.

 

[Cdnfireman]

It's not gonna take three years to bounce back. Prices will stabilize around $50 until summer then will start creeping back up through fall and be back around $75-80 by this time next year. The media is just mimicking each other about the sky falling. The big money boys (soros, Pickens,etc ) create the fear then buy up the oil stocks when everyone else panics and sells. Gas prices fall at the pump, usage goes up, demand rises and the crude prices rise. Throw in the Arabs inability not to kill each other and destabilize the Middle East, another reason why prices will come back. This has been going on since the late 70's. Keep your debt low and don't panic. Things will bounce back.

 

[gates559]

Anybody else notice this thread started out talking about good deals coming and things are going the opposite way. It was unforeseeable at the time but the low dollar is driving prices up on everything.

T3s are going to be 16k here pretty quick. I was looking at tractors today and the price went up about a grand from what I was quoted a month ago.

Good thing oil is priced in USD!

 

[pistoncontracting]

I'm not sure on this crash acting like the rest, as in the price coming back up so soon.
I could be wrong, but never before has the price of oil fallen due to over production in the world. Maybe I'm wrong.

It's also funny timing how the big guys were selling off oil mid summer, mainly the Rockefellers, siting environmental reasons.

Time will tell though.

 

[cancritter]

Annalise Klingbeil, Calgary Herald | Calgary Herald

18 mill golf course resto but no funds for cancer center.....wheres my

 

[DRD]

Relax, they are saving 600K by rolling back their salaries, it's all good.

 

[thegeneral]

http://www.youtube.com/watch?v=Nz6ykYoWaIk

 

[freeflorider]

Anybody else notice this thread started out talking about good deals coming and things are going the opposite way. It was unforeseeable at the time but the low dollar is driving prices up on everything.

T3s are going to be 16k here pretty quick. I was looking at tractors today and the price went up about a grand from what I was quoted a month ago.

Good thing oil is priced in USD!

No s#%t! Prices are still going sky high. The used sled market must be from another planet thought, if we have to give them away during the good times....I'm waiting to see where they are in 6 months with the layoffs.

 

[moyiesledhead]

No s#%t! Prices are still going sky high. The used sled market must be from another planet thought, if we have to give them away during the good times....I'm waiting to see where they are in 6 months with the layoffs.

The market will be flooded and we won't even be able to give them away. Great for buyers....sucks for sellers.

 

[pistoncontracting]

The used market is high because no one owns any of the sleds 2013 or newer. Finaced at 5%, paying full price... you do the math. Those people, the BANK, won't let those people sell for less then they owe.

 

[thegeneral]

If that bunches your shorts, the next couple of seasons are gonna be rough. Lower interest rates are gonna help sell even more sleds this Spring/Fall. I'm thinking i'll have to keep the 13 as a spare rather than give it away.

BTW i'm not actually referring to you personally, its a generalisation.

The used market is high because no one owns any of the sleds 2013 or newer. Finaced at 5%, paying full price... you do the math. Those people, the BANK, won't let those people sell for less then they owe.

 

[pistoncontracting]

No shorts to bunch here But your totally right. And because of that, we are sliding just a litttttle bit closer to the edge.

I was just explaining to some why the used prices are higher then the brand new, non current stuff.

FWIW, I shouldn't have said no one owns a '13 or newer. I know some do, me included, and I'm currently in the market to take advantage of some sweet deals.

 

[mathrulz]

With the dollar being much lower now, I'm interested to see what the new pricing will be this year - likely much higher than the past few years though I'd bet. Used will "seem" like a great deal, even for the same prices as we're saying is steep right now.

 

[freeflorider]

I like the last few comments on the new and used sled markets. Lower Canadian dollar, unstable oil markets, job loss and people trying to upgrade or get out of sledding.... One thing for sure it's going to be a Wild ride.
I'll start things off... As posted on this site 08 t nytro $6500 obo.
Will be looking for a 13/14 m1100, let the bidding war begin.

 

[j335]

With the dollar being much lower now, I'm interested to see what the new pricing will be this year - likely much higher than the past few years though I'd bet. Used will "seem" like a great deal, even for the same prices as we're saying is steep right now.

Agree, prices for new machines are going up period! Dollar effects that. For those getting new, best deal is carry over machines when they were purchased at close to par as the 2016's are gonna be 10-20% higher priced, seeing that on the RV's already.

As for oil being low for a long time I'm a bit optimistic, my guess is we'll be $60-70 at year end.... Let's just hope it doesn't sky rocket from too large of rig cutting in the US....

 

[Skegmeister]

I am happy the oil price correction has happened, Would not hurt my feelings if stayed like this for a bit. It has been hell trying to keep guys working for me because the temptation of a couple extra bucks an hour and carpet on their camp room floor.
I have had to slow down work just because I refused to hire the duds that are left over. Their screw-ups, missing/late for work, personal problems eat up way too much time.
Now things will get back to normal.