New posts

kthomas's posts

3009 posts found

May 13, 2015, 3:41 p.m.
Posts: 3,009
Joined: May 16, 2004
Soooo ... Alberta ...

Oh look … about 25% of Canada's 100 highest paid executives are in the Oil/Energy industry.

http://www.canadianbusiness.com/lists-and-rankings/richest-people/top-100-highest-paid-ceos-2015/

Boo hoo.

If they're so fucking hard done by, maybe they could take a pay cut. You know, to some shitty survival income like maybe $2 mill/year.

You strike me as a man with a lot of issues…

May 13, 2015, 3:07 p.m.
Posts: 3,009
Joined: May 16, 2004
Soooo ... Alberta ...

a quick google shows that while their profits are down from this time last year, exxon's first quarter profit in 2015 was still nearly 5 billion dollars……ohhhh the poor fucking oil companies! won't someone think of them??!!

They are one of the largest publicly traded companies in the U.S., of course they are going to have big profits. They wouldn't be that big if they didn't put up numbers like that.

That same quarter Apple made $13.6 billion in profits.

And I don't think anyone is saying "ohhhh the poor fucking oil companies! won't someone think of them??!!".

May 13, 2015, 2 p.m.
Posts: 3,009
Joined: May 16, 2004
Soooo ... Alberta ...

LOL.

If your company, regardless of the area of business, can't weather a 2% increase in costs, then you have a shitty business plan.

If a company you are proposing to start can't weather a 2% increase in costs, then you have a shitty business plan.

Those companies that find themselves in that condition are not businesses, they are gambling and are being subsidized by taxes on the general public to gamble.

This is the opposite of capitalism. It is the opposite of survival of the fittest.

If your family budget can't survive a 2% increase in costs, then you are an idiot.

As for uncertainty: its funny that uncertainty at the high times is called progress as companies take record profits on volatility, but in low times its the devil.

Labour is cheap right now and goods should be relatively cheaper as transportation costs decrease due to lower fuel costs. It is a great time for companies and governments to diversify and invest. Buy low, sell high.

Pull yourself up by your bootstraps chicken little. It is a time of opportunity.

You completely missed the point. Its not that 2% is life or death for a company, its about making sound business decisions. If you invest, you would know that 2% can be a huge amount of money over a number of years. That's why I buy ETF's and index funds over mutual funds, to save 2+% on the bloated management fees that we pay for mutual funds in Canada. 2% can make a big difference, especially over a long period of time.

Oil companies also have very small profit margins and take on huge risks compared to other industries. In 2010, large oil companies had average profit margins of 6.5%, a year with good prices ($70-$90/bbl). That same year pharmaceuticals averaged 16% profits. Oil companies make make 7 cents for every gallon sold, while the government makes 48 cents.

If that gives you heartburn, I don't suggest looking at how much apple profits off of each on of their devices you buy, you might just have a heart attack.

The sky isn't falling in Alberta, but in a time of instability such as this, oil companies need to do what makes the most business sense. Companies aren't successful by making poor business decisions, as you all know. Right now its all speculation on what's going to happen with the NDP in power, and unfortunately speculation can be worse than reality. I for one am going to see what actually happens before I say anything further.

May 4, 2014, 10:11 a.m.
Posts: 3,009
Joined: May 16, 2004
Everest

Does this mean that K2 has lost it's place as the world's deadliest mountain?

Nope, that's Annapurna.

Which is interestingly the first 8,000m peak to be scaled, and it was also the first (and only?) 8,000m peak to be scaled on the first expedition.

If you're interested in mountain climbing, a great book to read is "Annapurna". It's written by the expedition leader Maurice Herzog, great book.

Nov. 11, 2013, 10:18 a.m.
Posts: 3,009
Joined: May 16, 2004
Water that burns

Here's a short, well written article on the subject:

http://m.dailyinterlake.com/opinion/article_9b1b6c6a-48f9-11e3-b50f-0019bb2963f4.html?mode=jqm

May 19, 2013, 7:28 p.m.
Posts: 3,009
Joined: May 16, 2004
Working in Alberta

Trinidad and no, not yet. On a tender, trying to slide into deepwater.

How do you like working on those tender rigs? I'm going on the opposite way you are, currently on a 5th generation drillship in the GoM, but starting in September I'll be on a tender rig offshore Thailand.

Sent from my Nexus 10 using Tapatalk 2

May 4, 2013, 12:03 p.m.
Posts: 3,009
Joined: May 16, 2004
2013 NHL Playoff Thread - or "The Events Leading up to This Years Vancouver Riot"

9 great minutes, following by 11 shit ones. Great! Sharks in 4 :(

Hells ya!!!

April 16, 2013, 5:44 p.m.
Posts: 3,009
Joined: May 16, 2004
Working in Alberta

Fair enough. I am on day 18 of my 30 day hitch in the middle of the ocean. Still better than ft.mac. I really did not like my time spent working there. But alot of people do it and enjoy it. And I agree, you can not deny the opportunities available in the "crapholes".

Where are you working? Overseas?

March 4, 2013, 7:24 a.m.
Posts: 3,009
Joined: May 16, 2004
Wealth in the USA

Doesn't really surprise me, but really goes to show how unhealthy the U.S. is currently.

Feb. 24, 2013, 4:31 p.m.
Posts: 3,009
Joined: May 16, 2004
The Official 2013 NHL Irregular Season Thread.

Vancouver is getting stomped right now…

Feb. 23, 2013, 4:32 p.m.
Posts: 3,009
Joined: May 16, 2004
An undergrad is the new highschool?

It's all what you make of it. There's a lot of people that go to college/university for the good times and partying and just get an arts degree, and thats fine if thats all you want to get out of it. There's also people who go to school with a plan beyond graduation, and put all they can into their education to further themselves. The vast majority of people who go to post secondary are somewhere in between. I went to schools with plenty of people who had no clue what they wanted out of it, or where in business school because they thought that business grads ran all the companies (not true at all).

A lot of people go in to college with no real plan for afterwards. Granted, it's pretty hard to know what you want to do when you are 18 and just got out of High School. But knowing whats in demand will help you plan to be successful in the future.

There's also nothing wrong with getting a trades degree either. Our society can't function without the trades, so its pretty important that we have people to go into those as well. You can also be pretty successful with a trades degree, even though the social stigma is that you need a college degree to be successful.

I went into college knowing what I wanted with what I learned from past summer work experiences, and planned my education around that. I picked a school that had a good petroleum engineering program in a location that would give me exposure to a lot of oil companies (school career fairs, etc.), and decided a school in the U.S. would offer more opportunities than one in Canada. I went to the same school as Farmer, or as KenN calls it:

the buttfuck montana school of hole diggin? - Kn.

. I now work in the industry I want with a great wage and great opportunity. I graduated college and went to work immediately as an expat engineer, making over 6 figures with a great schedule. I just recently found out that I will be rotating out of Thailand for work, working 4 weeks on 4 off. Due to previous boom/bust cycles in this industry, there is amazing opportunities for young engineers as a large part of the work force is getting ready to retire.

School is what you make out of it, and if you plan right you can have great success. You can also have that piece of paper hanging on your wall and be serving coffees at the local starbucks.

Feb. 3, 2013, 10:28 a.m.
Posts: 3,009
Joined: May 16, 2004
"Assault weapon" ban 2.0

Another high-profile killing

http://www.cbsnews.com/8301-201_162-57567323/ex-navy-seal-chris-kyle-murdered-in-texas/

Apparently PTSD veteran at a gun range. Anybody read his book? Not to diminish the great human tragedy here, but Kyle seemed to be a douchebag, but I guess its par for the course when your job is to kill people ("justifiable" in your own mind or not as a sniper with 150+ confirmed kills) for a living.

What a horrible thing to say.

I don't know where you get "douchebag" from. The guy had a job, and he did it well. I've read his book, and seen some of his interviews, and I have no idea where you get off calling the man a douchebag.

It's horrible how he was killed trying to help out fellow soldiers who were suffering. He left the service to focus on his family life, who would've thought it would end this way for him.

My condolences go out to his wife and two kids, I can't imagine how they're feeling.

Have some respect.

Jan. 29, 2013, 1:57 p.m.
Posts: 3,009
Joined: May 16, 2004
"Assault weapon" ban 2.0

Even if it's only one percent, it's still a problem.

It's amazing how people act like they are being violated if they are told they cannot pack an Uzi. Hey, I'd like an RPG. It's great for moose hunting - cleans and quarters the moose for me!

So you think its worthwhile to focus all our energy on a very small part of the problem? Seems like a very inefficient way to spend our time and money, when it could be allocated to the other 99% of the problem.

Jan. 29, 2013, 1:55 p.m.
Posts: 3,009
Joined: May 16, 2004
"Assault weapon" ban 2.0

I see people perform stupid, illegal things every day while driving.

If the criminals are just going to ignore the laws, we should totally repeal all motor vehicle laws - clearly they don't work anyway.

Kn.

That's clearly not the argument he's making. I'm surprised you and Chupacabra are struggling with that.

Jan. 27, 2013, 4:02 p.m.
Posts: 3,009
Joined: May 16, 2004
"Assault weapon" ban 2.0

how about a medical insurance for all? how about a social system that helps the poor and don't drives them into crime? how about a better education system? how about a cup of european "socialism"?

Those would probably all help, that's for sure. No argument from me there. Education is huge, and I think they definitely need to work on that down here.

3009 posts found

Forum jump: