November 13, 2015

Encana putting Duvernay gas plant on hold citing uncertainty of investing in Alberta

Sheila Gunn ReidRebel Commentator

Another Day. Another cancelled project in Alberta's embattled oil patch.

This time, it was Encana putting their gas plant in the Duvernay Region on hold. The company says it's because they are unsure about the outcome of the Notley government’s climate change and royalty review panels. Encana CEO Doug Suttles said, “We need to know the rules of the game before we start to play.”

Encana, on Thursday reported a loss of 1.2 billion in the last 3 month reporting period. Encana has also laid off 40 percent of its staff since 2012 including about 400 employees this year.

Encana is withholding investment in Alberta. And if you think it’s about the price of oil or natural gas alone, you’d be wrong.

Encana is refocusing its business interests in Texas, spending about 2.2 billion dollars there this year. That’s no surprise. Texas has a stable business environment with low taxation of businesses. Texas doesn’t have a carbon tax and Texas has a flat rate reliable royalty total rate of 25.3 percent, with 12.5 percent to the landowner and 12.85 percent to the state. Texas offers stability.

It’s easy to build a business plan around stability but Alberta doesn’t offer stability anymore.

If I was going to sabotage the oil patch, I'd do exactly what Rachel Notley is doing.


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commented 2015-11-16 10:46:04 -0500
The National Energy Program V2.0 is in full play. Only this time the federal Liberals have the NDP in Alberta to make it even more effective. This is going to be another 4 year disaster. Maybe we needed a kick in the pants in the west, to wake up and finally oust the left wing from our halls of public office. Just one look at Saskatchewan and we can see the benefits of a right wing government at work. Here in Manitoba, we have become so accustomed to low expectations and a declining economy, I wonder if it’s even possible to drive some sense into the voters, and boot the NDP out for good!
commented 2015-11-15 23:15:35 -0500
They don’t call them the NATIONAL DISASTER PARTY for nothing.
commented 2015-11-15 13:32:09 -0500
Trudope’s directive on Tanker traffic on the West Coast will kill what’s remaining of the Oil and Gas industry in Alberta. No point in extraction if the product cannot be moved to market. When the revenues and taxes dry up, Socialists like Trudope will turn to their “beloved” middle class to make up the difference. Lieberals are still expecting to made rich for helping little Justin become PM!
commented 2015-11-15 07:26:10 -0500
Think of what Buffalo Bob did to the Province Of Ontario. The then NDP Premier turned Liberal MP and finally retiring to earn his fortune from his political connections as an Advocate for natives. This is how these people think and work…… is always about " Them ".
You can look forward to the future Alberta Governments spending years trying to right the ship again.
commented 2015-11-14 11:56:38 -0500
Not only that finning just layed off 1100, and where the hell is notley in all this. Totally useless inept bumbling premier of all time.
commented 2015-11-14 08:52:21 -0500
Just two years ago Alberta was rated as the number one investment jurisdiction in all of north America. Now it’s well on its way to becoming another economic failed state like Ont. and California. At the hands of the same type of people who drove those economies into the ground.
commented 2015-11-14 08:44:34 -0500
When government revenues fall, as they are in Alberta, rating agencies downgrade as has happened once since Notley too office.

Notley is doing this because Saudi and Russian interests are paying her and masses of other environmental nuts millions in kickbacks so that Alberta cannot export to China.

What this allows is for Russia and Saudi to remain as top exporters to China and they my BILLIONS in the process.

Amazing that Notley has sold out her country – this is treason and Notley has no issue with this.

Welcome to the Climate Change movement – your wallet, their pockets and poverty for everyone.
commented 2015-11-14 00:27:23 -0500
Only sadists like to inflict pain on others, and it seems to be a trait of Notley, and her amazingly ignorant brood. They also lack integrity, compassion, understanding, real empathy, and have no intentions of ever helping Albertans, in the private sector, in any way, shape or form. This witch had the audacity to call us the embarrassing cousins. These are all traits of narcissists, and narcissists become more hostile, and project their garbage on to others, when they aren’t getting their way. Notley thinks she can keep spinning lies to those who run billion dollar operations, and do whatever she likes. Braid, in the Calgary Herald, said that Rachel was “freeze-dried” prior to her speech, by those in the business community, at the Calgary Chamber of Commerce. I had to laugh, because she has more than earned their disdain, for her intentional sabotage of our capitalist economy. She is a fool to try and shut things down over night! I wonder how much money she is being paid to kill off Alberta’s economy, for her environmental goons? You bought your ticket to hell Rachel, your ride is just delayed.
commented 2015-11-13 23:44:17 -0500
KEITH BARNES, “When I used to browse through Youtube and see all these videos entitled ‘New World Order’ I used to laugh and think, bunch of cranks, now I am not so sure and may even start looking at some of them.” Doesn’t seem so crazy when you consider the people having power and influence, including the U.N., who are calling for and working towards the goal , including using the climate change scam, of a global government. KENNETH LAWRENCE, great rules. Hope that ENCANA and others in the industry don’t take this lying down and start applying these rules.
commented 2015-11-13 23:18:18 -0500
That’s it in a nutshell, she is sabotaging the oil industry in Alberta. This is a deliberate, wilful and concerted attack. It’s an attack on Canada, and the PM approves.
The U.S. is starting to look better and better, especially if a Republican manages to get into the White House. Canada is screwed. Its going to be a cold day in hell before these companies ever come back. Well done Notely, you are mad, a stark raving foaming at the mouth mad dog.
commented 2015-11-13 22:25:26 -0500
Revised rule #2: You’re screwed unless you organize the industry and fight back in the public arena with everything you’ve got. The enemy of worker prosperity, the NDP, has been taken over by the AGW lunatic fringe and will not be easy to dislodge from their lunatic AGW agenda or their position in power. But if the will is there, it can be done.

Know that millions of Canadians with intact brains are waiting for leadership to defeat the NDP’s lunatic policies and restore sanity to not only Alberta’s public policy with respect to the oil and gas industry, but that of the rest of Canada.
commented 2015-11-13 22:11:17 -0500
Encana, the rules are very simple, obvious and straightforward. I will list them here for your enlightenment:

Rule #1: Alberta now has a lunatic NDP anti-oil, anti-natural gas government bent on destroying those industries.

Rule #2: You’re screwed.

Rule #3: So are Alberta’s oil and gas workers.

Rule #4: Organize the oil and gas companies to stand up against the NDP saboteurs. Don’t let them shut you down.

Rule #5: Spend some money on informing Albertans of the economic ruin the NDP is bringing to their province. Make sure Albertans understand the short and long term economic consequences of having a lunatic left NDP government.

Rule #6: Keep the pressure on the NDP lunatics until they are forced to backtrack their policies of economic sabotage and restore policies that will encourage exploration and development in the oil and gas sector, not sabotage it.

Rule #7: Don’t stop working against the NDP sabotage agenda until you have defeated it and until Albertans have a new premier who won’t damage Alberta’s economy or the oil and gas sector that drives prosperity in Alberta.

No need to thank me, I’m just a patriotic Canadian who hates to see NDP lunatics sabotage and destroy Canada.
commented 2015-11-13 22:02:50 -0500
Nutley will be boasting about this at the Paris party. I hope she stays there.
commented 2015-11-13 22:00:25 -0500
Rachel, please send Brian Topp back to Ontario. BTW, what is his carbon footprint flying home and back. Does he ever expense 14$ orange juice in the 5 stars he stays in. You dippers are the worst. Waiting for the time when all the really cool, latte drinking urban dippers start to realize what they voted in. Sorry YEG, no money in the bucket for your dream city at the expense of the once hard working oil patch crowd. That little elevator thing you wanted to get down to the river so you won’t spill your coffee, gonna have to wait. Iveson, you socialist shill, re-think your priorities
commented 2015-11-13 21:50:17 -0500
Every private sector oil-or-gas-oriented industrial project deferral or closure makes Notley’s day. If there’s one thing she can’t stand it’s job for Albertans. Well, at least private sector jobs, especially in profitable areas like oil, the kind that contribute to government coffers. Of course, she loves public sector jobs, the kind that take from government coffers.
commented 2015-11-13 21:33:02 -0500
When I used to browse through Youtube and see all these videos entitled ‘New World Order’ I used to laugh and think, bunch of cranks, now I am not so sure and may even start looking at some of them.
commented 2015-11-13 20:39:18 -0500
Worth repeating … in bold.

“Notice, in the whole world, it’s only Canada under attack, and Canadian Lefty’s dumb enough to seek our own destruction. No other country is doing this to themselves, not even Lefty Pres Obama.”
commented 2015-11-13 20:27:00 -0500
YAY less tax revenue so more debt.
commented 2015-11-13 20:08:29 -0500
LLRFU below said it better than anyone. Sad but true. It may take a couple of decades for Alberta to recover from the tripartite evil monster made from Nutley, Trudough and the envirowankers. With Ontario a mess that leaves canada hurtling into recession pretty soon.
commented 2015-11-13 19:59:03 -0500
Thank goodness a CEO finally spoke up, though it’s too little too late. Prior to the Alberta election and subsequent Federal election would have been much better. Notice, in the whole world, it’s only Canada under attack, and Canadian Lefty’s dumb enough to seek our own destruction. No other country is doing this to themselves, not even Lefty Pres Obama. And these large corp’s won’t come running back the next time a Conservative Gov gets elected, because it can turn around on them yet again. Conservatives would have to win a massive majority based on an election campaign to “bring back oil”. It’s the only way the corp’s would know that both politicians and public alike are on side, and for the long term. This is a disaster of mega proportions. And these stupid Lefty’s are so psychotic they’re cheering themselves to death!
commented 2015-11-13 19:55:41 -0500
Further to what Peter Babich just posted " its OK for Obama to build thousands of
miles of pipeline, but Alberta’s Keystone is bad for the enviroment.
commented 2015-11-13 19:42:40 -0500
So it’s ok for Texas to produce oil and gas but not Alberta. These Rockefeller lobbyists have a noose around the whole words neck. Strange times
commented 2015-11-13 19:05:43 -0500
She is Evil and Evil needs to be destroyed.