June 06, 2017

Big oil cashes in on “fire sale” caused by Notley NDP’s destructive policies

Holly NicholasRebel Commentator

We knew the NDP’s anti-business policies would hurt the economy, particularly the hard hit oil and gas industry, but now we’re seeing junior companies selling off their assets and running from the oil sands while majors like Suncor and CNRL scoop them up. 

Suncor CEO Steve Williams has said he doesn’t think the exodus of international companies from the oil sands is over yet and that there aren’t a lot of companies with the balance sheet to buy some of these assets.

But guess who does have that capital? Suncor does.

Watch as I explain how big oil is cashing in on the fire sale of junior oil and gas companies caused by the Notley NDP's destructive policies.

The role of many of these junior companies is in exploration, but it can cost over $10M to drill just one well. The majority of these companies have simply moved over to private equity, a sign that there’s no interest in Canadian projects because they’re just too expensive.

Aren’t Rachel Notley and the NDP in it to fight for the little guy?

Instead, their policies work against the little guy and it’s the major corporations that are cashing in.

Steve Williams says the exodus of investments from Alberta isn’t over yet and he’s right about that because the Alberta NDP are helping it along.

Comments
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commented 2017-06-07 10:56:48 -0400
The problem is that the ROI period on oil sands projects is too long, so the big multinationals are redeploying capital to more profitable ventures. Shale’s turnaround is a fraction of the time and you’re not speculating on the viability of a project 30 years hence.

Suncor’s already got the operating capital in the oil sands, and they CAN make a go of it since they’ve already deployed a lot of capital up there and aren’t trying to build new projects from scratch.
commented 2017-06-07 04:00:00 -0400
I would hope the NDP are smart enough not to cost unionized workers their jobs, thus losing out on union dues.
commented 2017-06-06 16:30:32 -0400
@Leviticus
You are right. In fact, in every 3rd world country, the environment is the most polluted.
commented 2017-06-06 14:29:00 -0400
Yup when the NDPiggers are in – it’s a Baliffs party. Theft – pure & simple!
commented 2017-06-06 13:54:17 -0400
Carole said..
“They’ll have a clean environment but they’ll be very poor.”
..-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-
Our environment won’t be any different… It’s clean right now and after mining reclamation it’ll be clean in the future… This is all just pretend games to squeeze blood and lives out of the uninformed useful tools that plague our society today.
So much damage to fix.!!
commented 2017-06-06 13:26:12 -0400
That’s the point of the globalist left. Eliminate small business, only huge international companies will rule over you. Big money here. Canadians are in general too uninformed to understand their biggest resources are being stolen. They’ll have a clean environment but they’ll be very poor.
commented 2017-06-06 12:20:29 -0400
What is so anti-business about Notley? She is trying ram the toxic, tar sands down the throats of British Columbians. In the last election 60% of BCers voted against the pipeline.
commented 2017-06-06 11:18:14 -0400
This scam is just part of the cycle of the Globalist’s and elite’s planned agenda – Notley’s merely a talking-head, lower-order minion.
Notley’s scam is just one of they ways these guys organize to steal your wealth and rights – the next step being war, as an example – WW I, The Great Depression, WW II…
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
What you could buy for two cents 100 years ago, will cost you one dollar today – proof that most of your wealth has already been stolen!
Remember what that banker-bloodline member, Mayer Amschel Rothschild said:
“…Give me control of a nation’s money and I care not who makes it’s laws…”
commented 2017-06-06 10:56:26 -0400
She doesn’t want small business, they don’t support unions. Big bus. will and then she has her large block voters. She, Berman and others will not rest until every well is capped and every oil company is destroyed or run out. She’s causing as much damage as she can since she suspects she might be a one hit wonder. I would never, ever, tick an orange box, even to protest, that was crazy and those who did should hang their heads in shame. This story sickens me at the devastation. You do great stories, Holly.
commented 2017-06-06 10:33:37 -0400
How much irreparable damage will there be in Alberta by the time Notley and her demolition crew are kicked out?

It will take a strong willed austerity driven business friendly true Conservative government a minimum of four terms (16 years) to just counter the devastation Notley the witch is causing.
commented 2017-06-06 10:03:17 -0400
well, suncor, cnrl, and cenovus have a carbon levy exemption…their 30 pieces of silver so to speak for sucking up to rachel…i thought the ndipsticks were against crony capitalism?