Spent majority of the last 10 years in SAGD and have never heard that saying before. Most money I've ever made was working for Suncor. As mentioned before the site I work at (SAGD) is making 80M/month pre-covid.

And no it's not a coincidence. You seem convinced of this because of MEG (low pay to btw). But CNRL, Conoco, Imperial and Suncor all operate SAGD and had plans to expand and drill more wells in the next 2 years. Is that to just lose money?

Conoco and cenovus in particular used to be known for higher wages. Lots of people that were with us left for their greener pastures and came back with their tail between their legs when they got laid off. We took the good ones back.

Even if your 80m a month figure were true, it's all relative to the size of the investment. And expanding existing sites is different than new investment.

Lol because they were newer sites and had to attract experienced employees, not because it's SAGD. In-situ SAGD is a new technology, so companies that haven't been around for decades and have the upstream/downstream business models are involved and are getting crushed. It's not because one way of extraction is multitudes better than the other.

I never said one way was better than the other. I said one way got a better return on investment for new projects in the current market (2016 to present) but that neither one was attractive to investors for different reasons.

Some of the programs are good but many like the $40,000 and renter protection for businesses can be.

Take the $40,000 I know so many people that do not need it but took it cause of the free $10,000 . Many of the smaller businesses that could have benefited the most from this like Hair Salons, Boutique Gyms, Yoga Studios contract their workers and are not eligible. I give Trudeau credit he brought in the renter one but 25% of landlords are refusing to participate.

Also they are blindly ignoring fraud right now and my guess is will never chase much of it down.

I still think he has done way better than the USA protecting folks but will our deficit crack the trillion $ mark. Never thought any government would hit that in my lifetime.

Yes, pipeline/rail restrictions and the current regulatory environment are the number one reasons and your foolish to think otherwise. Trust me companies would rather build sagd than open pit

Uh no way canada is hitting a trillion deficit without order of magnitude larger covid 19 issues

1 trillion might be an election-year issue: we've only begun to spend our way out of shutting down the country. Wait until provinces and municipalities come hat in hand. Anyone interested in a betting pool?

Debt to GDP is far more concerning.

oh ya actually i bet he just meant total debt. Ya a trillion is likely at some point, and obviously much closer now than before, but no way a trillion deficit.

https://www.macleans.ca/economy/the-...avirus-canada/

Nandos closing 21 stores today and Air Canada laying off 20k people.

Yeah I meant total deficit. Its around 740 billion now and I wouldn't be shocked if by the end of 2022 or 2023 we crack the trillion $ mark

lol at ****ing up debt vs deficit when you correct yourself too

Im an Albertan you know what I meant

OK if your against bailing out the oil industry am i correct that bailing out Air Canada is wrong also?

100%. It's also BS that teachers are currently getting full pay. I wonder if property taxes will go down next year since schools have been closed for so long? Lol

Here in Ontario teachers were up in arms about the kids' education being at risk since the class sizes had to increase. Of course, after they got their 2% pay increase they've signed the new contract.

Seeing what they send home for my kids (8 and 11) is eye-opening. My oldest has a Science teacher that's managed to send out a total of two assignments since we've been home, both of which were filled with spelling mistakes and one page in total. Compared to the workload and teacher interraction some kids who goto private schools are getting, the public school system here is a joke.

I'm sure we'll get a reduction in property taxes once the municipalities implement their cost-saving measures and furlough some of their employees...

When air travel approaches pre-covid levels, Air Canada has a choice to rehire people. If not, then there will be a need that has to be filled and some company will step in. Unless the government wants to be lending Air Canada money so they can pay people to sit at home, it makes bad economic and political policy - in fact, without a more defined end-date, I doubt AC wants to take on the loan.

Sometimes I think peoples don’t realize how much the cost of just letting go bust like half the economy can be more painful than loans from the government.

If I’m right , If half the economy closes, than it’s the entire «*economic castle*» that gets destroyed because the economy is mostly based on «** i owe you*» money than actually the real amount of money in the system .

And restarting a business , rehiring workers , makes sure the company is profitable , etc and than hope it makes money to finally pay taxes seem more problematic than just bailing them out and hopefully realize that yes .... corporation do need sometimes the government and so stop asking handouts and free pass on taxes cause corporations as well , are part of society ...

Yeah it's a joke. My daughter (6) is in grade 1 stopped doing the online classroom stuff after a week, she'll check in every now and then to see her teacher. We've been enjoying a lot of sun and maybe doing ~2 hours a week of work and she's way ahead of where she needs to be and her class.

A lot of parents are stuck working from home, some even having to take reduced pay just to keep working plus having kids at home 24/7.While teachers might be doing 25% of their normal job but are getting full pay.

Ok Lets say the government says nope were not bailing you out and Air Canada files for bankruptcy. THe planes still exist as do the routes. Westjet will still be flying and someone will buy the planes and routes. Reality is if folksa fly less they will be vacationing close to home and spending those $$ in Canada.

Personally I travel to Vegas once or twice a year and have a golf trip planned in September for Tucson. I have no intentions in visiting Vegas in 2020 and possibly 2021. As for my Tucson trip I have hope but not sure Ill even be able to get a flight

Another reality is companies are forcing employees to use their vacation days or lose them.

Trudeau has a big decision coming up May 21 st as the border closure expires. If Trudeau is smart he gives in to Trump a bit and says CDN's can go to the USA but USA cant come to Canada for another 30 days.
Also than dictate anyone travelling to the USA must go into a 14 day quarantine.

This certainly isn't tautological.

My general view is that there should be broad-base supports over targeted supports for specific industries, so like it is correct that CERB is just everybody that loses their jobs they get this support doesn't matter if they are a teacher, a steward, or work in the oil patch. However, this crisis is so acute that it does seem reasonable to focus on specific at-risk industry for direct supports and if you did that then airlines has to be about #1 on any persons list.

For instance, trudeau - working with the albertan government - has added the emergency funding of iirc 1.7B for cleaning up orphan wells. It seems to me the regulatory environment should be strong enough so that the industry is bearing these costs and not the federal government in the middle of a pandemic, even if I'm glad they are being cleaned up. But that doesn't automatically imply I should be against bailing out airlines.

I was speaking that when you have a shut down like this , you can’t let 50% of the economy go bust , I was not speaking about only 1 economic sector in particular .

But airlines are a bad example because he ain’t an economy failure by them but more of a global health problem which force government to shut down their business around the world ....
It’s not their fault .
It’s a black swan feature and why not save them but save all the other sectors ?
The airlines are the ones that suffer the most because government totally shut down their business ...
Why should oil company be help more than the others for example ?
All their business aren’t related to only the airline sector and we still help them and all the others .

Well Snowbird crash in Kamloops - RIP

I think he pledged this at the early stages or before Covid. I could be wrong . Many of these wells were owned by companies that declared bankruptcy.

Though I do agree if you drill it you should be responsible for it

Heard the pilot is OK with the snowbird crash. Blame Trudeau

The private lake in my community is opening next week along with the Calgary zoo, hopefully all goes well. The projects I was working on are planning to restart next month.