'The industry is not sustainable today': Significant casualties expected in Alberta drilling sector

Last Updated Thursday, October 29, 2020 10:59AM MDT

"It’s the sign of the times unfortunately," said Jason Savage of Connect Energy, the company contracted to administer the sale. "It wasn't able to be deployed. Between timing of COVID and just some delays in manufacturing, it got it to the point where its technical people couldn't travel with the rig and lost its contract in the U.S."The Raptor Rig is far from the only one sitting idle in Alberta.

Sholz says drillers entered 2020 on an optimistic note, expecting an increase in activity, only to see their hopes dashed by world events. Sholz says natural gas drilling is expected to put many rigs to work in 2021 as the price for that commodity rises.

If this happens Canada is going to be in real trouble

For FN. Our Biggest employers are the resource sector. I am not surprised in the least to find Black Face racists are doing their best, to kill our jobs.

They will separate and take their 80 million dollars a day they generate in Canada, to America. President Trump will welcome them with open arms. But our Gutless fake news media outlets will face the same fate as Democrats next Tuesday. Cancelation.

Not if we vote Trudeau out. Vote him out Canada

US reported today energy ind. up 2500%, auto mftg up 1200%, bus. spending up 70%, GDP 33.1% & on & on w/records. Meanwhile in🇨🇦, the only country in world history to sanction itself with a tanked pre covid economy, they won’t even tell us. Tax bribed msm are accomplices

Alberta will soon start restricting production out of the province

Ah , the JustinTrudeau and liberal_party propaganda machine is anti-oil today. Let's start by removing all O&G products from your production. Can't wait to see what's left. Go on kids...See ya! cdnpoli cdnmedia MSM

It not sustainable because its being strangled by federal regulation . LiberalHypocrisy

Hey CTV 🖕🖕🖕🖕🖕🖕you💩Stains

There is one simple fix for all that is currently wrong in Canada TrudeauMustGo

Here’s a good article about the liberal climate cult.

And they're just realizing this now?

Agriculture in a country with a three to four month growing season isn't sustainable either but we seem to find the billions necessary to subsidize that.

Of course, they elected a dumbass leader who denies reality and only follows his feelings.

No worries, we’ll all go to work building the solar fields of tomorrow!!!!!!

Fuck canada

Well if the world stays in pandemic mode for the rest of eternity i guess.

But it’s sustainable enough to help pay Canada’s bills. Who will pay those bills when Canada is stupid enough to phase it out?

CTV is sure pushing the anti-oil message today. What no new story on the drilling rights that were given to a Chinese gov. own oil company. Rights that allow them to drill in our territorial waters of the coast of NL.

not today, not tomorrow; it's time for changes

Canada Canada Latest News, Canada Canada Headlines

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'Already struggling' Calgary downtown core will be hit hard by job cuts from Cenovus-Husky merger\u0027If this isn’t the wakeup call in the sense of the oil and gas industry is not going to save Calgary, then I don’t know what is\u0027 And to think when oil was $150 back in 2008, Albertans were bragging to the rest of Canada that they were going to pave their driveways with gold. Look at you losers now. 😂😂😂
Source: nationalpost - 🏆 10. / 80 Read more »

'Already struggling' Calgary downtown core will be hit hard by job cuts from Cenovus-Husky merger\u0027If this isn’t the wakeup call in the sense of the oil and gas industry is not going to save Calgary, then I don’t know what is\u0027 Just imagine if this was happening in Montreal. nenshi liberal mayor who strokes Trudeau’s hair as well as his anti/resource policies.... It’s astounding how fast the quality of life changed in Alberta.
Source: nationalpost - 🏆 10. / 80 Read more »