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Da Big crash

 
AB-CA
User ID: 77421695
Canada
12/02/2019 07:31 PM
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Da Big crash
So it really begins...

Alberta Canada

$2 Trillion in Oil Sands debt

$100 Million per day loss

Mass Layoffs: AHS Nurses 750-1400, 500 Teachers

6000 AB-GOV workers
AB-CA (OP)
User ID: 77421695
Canada
12/02/2019 07:40 PM
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Re: Da Big crash
The report compares the Big Five’s gross profits with the government of Alberta’s income for 2017, which was $47.3 billion. According to Parkland’s analysis, the Big Five, taken together, brought in almost the same amount in aggregate profits in 2017 — $46.6 billion.

That means Alberta’s income for the whole province is roughly equivalent to the total profits of the five largest energy companies, according to Parkland’s calculations.

The Parkland report pointed out that, “in 2016, the average profit margin for all industries in Canada was 7.8 per cent. Three of the Big Five — Suncor, Cenovus and CNRL — had net profit rates above 13.5 per cent in 2017, and Cenovus’s profit margin was an impressive 19.4%.”
AB-CA (OP)
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12/02/2019 07:41 PM
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Re: Da Big crash
The Narwhal previously looked at royalties paid by four of the Big 5 — Suncor, Cenovus, Canadian Natural Resources Limited and Imperial Oil — and found they collected $10.14 billion in profits in 2017, while Albertans collected $2.37 billion in the form of royalty payments.

Using ESTMA data, The Narwhal found that Alberta’s collections from the major oil companies amounted to a royalty rate of approximately 23 per cent, while other countries in the world see government returns that are much higher — including Saudi Arabia (85 per cent), Norway (78 per cent), China (63.5 per cent) and Australia (58 per cent)
AB-CA (OP)
User ID: 77421695
Canada
12/02/2019 07:48 PM
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Re: Da Big crash
Earlier this year, the Wall Street Journal proclaimed “the world’s largest Western oil companies shrugged off a 38 per cent plunge in oil prices during the final months of 2018 to post some of their biggest annual profits in years.”

According to the Journal, which examined the profits of the Big 5 American oil and gas companies, “collectively, the companies have restructured their businesses, sold off assets and positioned themselves to thrive even when crude prices swing up and down wildly.”

The Big Five in Canada, Parkland says, have worked hard to diversify by investing in downstream assets and by cutting production costs — whether through automation or, as Husky puts it, through “stringent financial discipline” — and use their gross profits to maintain their economic power.

”Those Big Five, they’re going to be just fine,” Ian Hussey, research director at the Parkland Institute and an author on the report, told The Narwhal.

“That does not necessarily mean Albertans overall — workers — are going to be fine,” he said.

“It doesn’t mean we’re going to maintain the number of jobs we have in oil and gas.”

This article is part of a collaboration between The Narwhal, the Corporate Mapping Project, Publish What You Pay Canada and the Natural Resource Governance Institute. The Corporate Mapping Project is jointly led by the University of Victoria, Canadian Centre for Policy Alternatives and Parkland Institute. This research is supported by the Social Sciences and Humanities Research Council of Canada.
Anonymous Coward (OP)
User ID: 77421695
Canada
12/02/2019 08:01 PM
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Re: Da Big crash
OTTAWA — More than two-thirds of all oil sands production in Canada is owned by foreign entities, sending a majority of the industry’s profits out of the country, says a new analysis released Thursday by a British Columbia-based conservation group.

The research by Forest EthicsAdvocacy was based on an analysis of shareholder information in January 2012 from Bloomberg Professional of more than a dozen companies, including nine with headquarters in Canada, and six with their head offices in other countries. It found 71% of the ownership of oilsands production was foreign, while the foreign-based companies controlled 24.2% of the sector’s production.

[np-related]

“Some notably Canadian oil companies, such as Suncor, Canadian Oil Sands and Husky, are predominantly owned by non-Canadians,” said the report. “The data also shows us that more than half of Canada’s oil and gas revenue goes to foreign entities.”

Forest Ethics Advocacy analysis on oil sands ownership

• Companies with foreign headquarters

Statoil: 99.83 per cent foreign ownership

Mocal Energy: 99.33 per cent foreign ownership

Murphy Oil: 99.23 per cent foreign ownership

Royal Dutch Shell: 98.49 per cent foreign ownership

Devon Energy: 98.44 per cent foreign ownership

ConocoPhillips: 97.83 per cent foreign ownership

• Companies with Canadian headquarters

Petrobank Energy Resources: 94.8 per cent foreign ownership

Husky Energy: 90.9 per cent foreign ownership

MEG Energy: 89.1 per cent foreign ownership

Imperial Oil: 88.9 per cent foreign ownership

Nexen: 69.9 per cent foreign ownership

Canadian Natural Resources Limited: 58.8 per cent foreign ownership

Suncor Energy: 56.8 per cent foreign ownership

Canadian Oil Sands: 56.8 per cent foreign ownership

Cenovus: 54.7 per cent foreign ownership

Source: Forest Ethics Advocacy

The analysis, which also used production data in January from OilsandsReview, a publication that focuses on unconventional oil issues, found $11.7-billion of investments in oilsands production between 2007 and 2011 were coming from China, making up about 16% of the total investments of $73.6-billion in that time period.
Anonymous Coward
User ID: 70996756
United Kingdom
12/02/2019 08:17 PM
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Re: Da Big crash
bank prints

loans money to top company

company pays exec members over inflated private companies services.

company runs a loss execs get rich

company folds

taxpayer bails out via QE
fire staff extra

rinse repeat


when finally in admin broke, execs opens new company or already board members in other

rinse repeat



WHAT SYSTEM! lol ahhahahahahh
your just a sheep playing in the wolfs den, you will never be anything other than a sheep

its all just a game of YOU thinking its a fair system, when infact your just a slave, with the same old masters running the same old cotton plantation.

just the farm is at a industrial scale and your still a slave who beliefs hes free





GLP