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Oct
20

Piqued Interest

So I was reading the other day (yes I do that) about Peak Oil. Remember Peak Oil? That was the theory that the discovery, exploitation and production of that non-renewable resource we all love to hate but can’t live without was going to hit the proverbial peak and inevitable decline because there just weren’t any more big oil deposits left to be found. So prices would spike and force the world to find alternatives.


Oct
13

If it’s so good, why is it free?

Ever get one of those weeks when not much of any substance happens and there is a lot of sitting around and thumb twiddling? Well I just had one of those. I am not even close to being fired up about anything today, so it is going to be stretch to find anything to rant about. Which may be a good thing. Although, why not a bit of manufactured outrage?


Oct
06

Look – A Turkey!

Here I sit on a fabulous Friday, watching what few leaves remain on the trees out my office window turn yellow and fly away, contemplating the state of the world and preparing to head home for the long weekend celebration of Canadian Thanksgiving. For my American readers, we do our Thanksgiving early, mainly because all the crops are in by mid-October and it’s about to get super-dee-duper cold.


Sep
29

Face the Music – It’s not pretty!

I know the quarter isn’t over yet but the markets are closed for the weekend so I figured I may as well take a look at all those fancy pants predictions I made back in January and see how I’ve been making out.


Sep
22

Oil’s Back Baby!!!

Yup, you heard it here first (or second, maybe even third), this is the week that it all happened, the week that we can finally call the oil price crisis officially over.


Sep
15

Canada – Winning at losing

Last week, I was not so subtly informed by one of my more prominent readers that the blog was a tad boring and that it was high time to get back to a little storm and fury.


Sep
08

Back to Work! (part deux)

Ah, the week after Labour Day. It’s those heady days when everyone (and I mean EVERYONE) is back from holidays, school buses are out in force, traffic is a complete and unmitigated nightmare disaster and, in theory, people get back to work.


Sep
02

Back to Work… And Not a Moment Too Soon

So there you have it. Summer as we know it is over. I suppose it’s time for all of us lazy bones to get back to work and do something productive. I mean aside from the super important blog writing.


Aug
25

It’s a Dog’s Life

In honour of the Dog Days of summer, I am going to do a couple lazy, hazy, crazy mini-rants on some topics that managed to get under my skin this week. One is energy related, the other is uniquely Canadian so no offense taken if my American readers take a pass on it, but it’s a big deal to us Canadian business owners.   Dog # 1   A recent news article said that Petronas  (of crushed BC LNG dreams fame) was considering investing in a pipeline in Western Canada to help to monetize its […]


Aug
18

It’s Like Deja Vu All Over Again

Look, I know I do this same column seemingly every few months, but really, isn’t anyone else tired of reading about the pending demise of the energy industry? It seems the more things change, the more they stay the same. I just had a quick look at oil prices and note that as of Thursday August 17, the price of oil was $46.98 which is exactly eleven cents more than it was at the same date one year ago. What’s up with that?


Aug
11

They say the best advice is free

I’m back! Did anyone miss me? Anyone? Anyone? Bueller? Probably not I guess. But I missed all of you. Really. I did.


Jul
28

A Canadian Welcome Mat

The doomers and gloomers were hard at work this week after yet another international oil company announced plans to stop investing in the Canadian energy sector. It’s getting so a Canucklehead can’t shoot a puck without hitting some Euro/Asian/American energy company in the butt as they skeedaddle out of the country.


Jul
22

On the Road…

Shorter missive this week as I am on the road, exploring Canada from the comfort of my gas-guzzling SUV’s Captain Kirk commander seat – keeping the revs high, passing indiscriminately and wearing those tires down as quickly as humanly possible. No one can ever accuse me of not “walking the talk” when it comes to wanton consumption of oil and oil based products. We even ate KFC – it doesn’t get any greasier than that.


Jul
14

A Stampedean Metaphor

One of the best and most annoying things about living and working in Calgary is navigating the annual all-consuming celebration of fun and cowboy hats that is the Calgary Stampede. Whether it’s surviving deep-fried French fries coated in Oreo batter, boiled corn rolled in ground-up spicy Cheetos, mainlining mini-donuts or running the gauntlet of corporate gatherings, Stampede is a unique event in our city.


Jul
07

No One Fails in June Right?

Arg. Another half year in the books in this wild and woolly industry we all love so much. What with the past two weeks celebrating birthdays of people and countries, a guy could be forgiven for not taking stock of where his accumulated wisdom sits. Unfortunately, the day of reckoning is at hand.


Jul
01

Nope, not 150 facts about Canada

While last week was significant in that I was able to celebrate a major milestone birthday (cue eye roll in 3, 2, 1 …), this week of course presents a much more unique opportunity. I am referring of course to Canada’s sesquicentennial, or 150th birthday. And who am I to resist the rather obvious temptation of waxing poetic about one of my favourite subjects, the true north strong and free.


Jun
23

52 Things to Think

Well, this is exciting. This week, yours truly’s book of life finally turned from page 51 to 52. I am now one year old for each week in a year and I have managed to get my weight to less than 4 times my age. Not through any genius of diet mind you, just by lazily aging.


Jun
16

Alright, now what?

It’s all well and good to admit defeat on my oil price prediction for 2017 as I did last week. But to then avoid any substantive discussion about the implications of that conclusion is actually a bit of a disservice to readers. So I will try in here to correct that.


Jun
09

They’ll either go this way, or that way.

I don’t know about the rest of you guys, but is anyone else feeling a bit hinky about the price of oil? Every time we seem to have the table set for a rally, someone comes along and saws off a leg. So many indicators going in opposite directions at the same time. It’s… unsettling.


Jun
02

This Agreement is Covfefe…

  Alright, admit it. You are for sure thinking that you are about to be subjected to some boring, windy diatribe about Donald Trump pulling out of the Paris Accord, full of fury about short-sightedness, the upcoming environmental apocalypse and the degradation of America’s standing in the world. Well, you would be wrong! Ha!


May
26

So? What does it all mean?

Well, if it’s the end of May, it must be time for another OPEC meeting. And sure enough it was. Yet again the representatives of the OPEC nations got together in beautiful Vienna (I hear it’s tremendous in the spring) to decide the future of the oil industry and set the course for everyone’s favourite and most hated commodity for the next few hours, days, weeks and months. Joining the OPEC flashmob this time were members of the non-OPEC nations who were participating in the first round of production rollbacks agreed to last November.


May
19

Is Capital Finally Back for Service Companies?

  Read some promising news for service companies recently, particularly those south of the border as it appears that there has been a pretty robust recovery in the capital markets for oilfield service. While too early to declare a solid trend, it’s a long weekend and my glass is half full, so I say it’s positive!


May
12

The BC vote is in. It’s not anarchy. Yet!

So what happens is you throw an election party, everyone votes and you still can’t tell who won? I’ll tell you what – migraines for the energy sector, courtesy of Canada’s leftmost, oddball province.


May
05

Will They or Won’t They?

Wow – that was quite a week in the oil market, with prices collapsing drastically at the end of the week amid much market concern about OPEC cuts and US shale.


Apr
28

Canada in the Crosshairs

If it seems for the past few weeks that you can’t open a newspaper or google a hockey score without someone seeming to take a drive by shot at Canada, well you’d be correct. 


Apr
21

Let’s Make a Deal!

Q1 2017 saw a record US$73 billion of energy M&A, mostly upstream producer related and hot on the heels of a robust $29.6 billion of oil field services deals in the fourth quarter of 2016, the highest amount since 2014. I don’t know about you, but it seems to me that that’s a lot of deals.


Apr
14

Good… Friday and Happy Easter

Short stuff this week as I know most people are off for the Easter weekend and don’t want to be bothered with having to think about the industry much. So I will therefore try to keep it simple and, possibly, use pictures. Like the cute rabbit you already see.


Apr
07

Mid Term Report. Yuck.

So there I was the other day thinking about all the forecasts that I read and how dumb some of them seem to be. I mean seriously, how detached from reality do some people have to be to make the picks and forecasts they do.


Apr
01

Is it a joke?

I know I write a lot about the Permian Basin and all the hype associated with it. I know that I can come across as somewhat skeptical about the hype machine. But that doesn’t mean there isn’t opportunity.


Mar
24

Quack. Quack.

Ah spring, is there anything more refreshing than spring in the air? Allergies, buds pushing up from the ground, leaves getting ready to burst forth, the migration of ducks… Or should I say DUCs? You remember those, Drilled but UnCompleted? Those thousands of drilled wells in the US that were ready to flood the market, what happened to those anyway?


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