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Liberal Minority Government 2025 - ???

I'd be more interested in exploring the Fed's taking on an equity stake within the companies on a go-forward basis.

You want us to give you 500$ million in cash, ok based on the closing price of your stock on Day X we are buying Y number of shares and we now own Z % of the company. We have the ability to convert our shares in the future (between time period A and B) on the open market or provide the company first right of refusal to purchase the shares based on market prices back into cash.

We did that previously with both GM and Daimler-Chrysler back in 2008/09 during the 'Great' Recession.
Another part they don’t mention is the carbon tax is killing the company. When I started they said the amount paid was around 100 million a year and it has only gone up since then.

These electric furnaces use 70% less carbon emissions (though we have to buy the steel from elsewhere first to remelt) which means a substantial reduction in carbon tax paid.

When you think about it a lot of the loan is simply getting back a large chunk of taxes I don’t believe they should have been paying in the first place (essentially subsidizing the competition).

I am not against the government getting some collateral, however they also shouldn’t be a large part of why the company is struggling.
 


Does anybody know of any other methods to move tens of thousands of barrels worth of oil across vast distances, without using pipelines or oil tankers?

I mean there is always rail, but I would assume they'd also be opposed to regular trains hauling dozens + dozens of freight cars full of oil - as I'm assuming that has far more potential risk than a pipeline...

...

And unless that tanker ban gets lifted, there isn't a point in building a pipeline because it won't have anywhere to go on the other end.

So that needs to be addressed pretty quickly here. Otherwise the whole conversation about a pipeline is moot


...


People get themselves all twisted up about Canada becoming the 51st state, or here in Alberta people talk about becoming the 51st state.

And in general (although to be honest, I would say from the convos I've had, it really seems more like 50/50 where I live & work) people are opposed to it. And fair enough.

But if the only way Alberta & potentially Sask can sell their oil to foreign markets is by building a pipeline down thru Montana & Washington state to the coast, isn't that kind of a heavy push in that direction?



British Columbia (as upside down f**ked as the provincial government is) should maybe realize that if they choose not to be part of this "Team Canada" approach to diversifying our oil markets, they are literally giving a pretty solid argument for seperation.

(In the sense that the seperatist movement can use their refusal to work with us as a solid reason to justify their points)

From the most recent BC budget released, I would've thought the province would be pretty receptive to economic opportunities. (Their projected deficit is more than $10B from 25'-26'...yikes!)

Jobs to build and maintain the pipeline (which are pretty high tech tbh, and keeps high tech jobs in areas where there might not be otherwise) and jobs to expand or maintain the export terminal, plus the royalties each would generate.


...


I don't know wtf BC exports other than lumber to south of the border...but imagine BC had a resource & the only way to export it is to ship it thru Alberta...

and Alberta slams the door on the idea right off the bat.

The US on the other hand, says "Hey, you can build a pipe to send it down here, and we'll work with you on any new or expanded pipelines to get your product to market."

...And when a movement begins in BC for them to seperate from Canada, Canada says "Nooooooooo!!! We need you so badly to help pay our bills!"



🙄
 
Another part they don’t mention is the carbon tax is killing the company. When I started they said the amount paid was around 100 million a year and it has only gone up since then.

These electric furnaces use 70% less carbon emissions (though we have to buy the steel from elsewhere first to remelt) which means a substantial reduction in carbon tax paid.

When you think about it a lot of the loan is simply getting back a large chunk of taxes I don’t believe they should have been paying in the first place (essentially subsidizing the competition).

I am not against the government getting some collateral, however they also shouldn’t be a large part of why the company is struggling.
Well said
 
If the woke poeple of BC keep blocking resources, then that'll be the easiest solution. Avoid BC altogether.

Recent example. https://www.cbc.ca/news/canada/sask...to-build-new-potash-export-terminal-9.6992424


I'm pretty sure that Longview could find another berth.

We pay for a line to Longview. Ship the oil in bond and pay the port fees.


Although Anacortes would be closer, would probably generate less environmental protests from Americans and would have the added advantage of passing ships going into Vancouver.
 
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What does BC export?


Coal (C)

And now moving into Propane (C3H8), LNG (CH4) and Liquid Ammonia (NH3). Apparently nitrogen is a clean hydrogen carrier.

Beyond that its income is derived from what we Scots would call mail. Charging a fee to transship goods.
 
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