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  1. wealthyboomer

    Could we convince Ed Stelmach to postpone the new Royalty plan

    QUOTE (GarthChapman @ Nov 29 2008, 09:13 AM) Both the current economic conditions and the new Royalty plan are having the effect of slowing down exploration and therefore also future production. The economic conditions alone will slow things down more than enough without adding the drag of the...
  2. wealthyboomer

    Government to be ousted....

    QUOTE (Dan_Eisenhauer @ Nov 29 2008, 04:20 PM) Here is another way to look at Harper`s doing away with the political party funding, and it is a MAJOR concern to me. I have had two conservative party workers tell me that there is a general, well founded, feeling within the party that Harper...
  3. wealthyboomer

    Could we convince Ed Stelmach to postpone the new Royalty plan

    The goal of increasing production in the short term has several unfortunate consequences for our province. Over the long run, the price of oil will increase as oil supplies dwindle. If we sell more oil today, then we will have less oil to sell at higher prices tomorrow. Total government...
  4. wealthyboomer

    Could we convince Ed Stelmach to postpone the new Royalty plan

    How much does the new royalty tax impose on the oil companies? Will they no longer be able to make a profit? Globally, some 80% of oil is produced by state-owned enterprises. As one of the world’s few jurisdictions with conventional reserves open to private companies, Alberta is strongly...
  5. wealthyboomer

    Interesting Situation - All Fridges and Stoves Suddenly Belong to the Tenants

    I hope that you have the serial numbers of those appliances written within your contract.
  6. wealthyboomer

    Warren Buffett on The Economy

    QUOTE (ZanderRobertson @ Nov 24 2008, 05:45 PM) buffett`s been saying this for some time. he`s not called the oracle of omaha for no reason, we`d be wise to heed his advice, which right now is... BUY!! Economic conditions are so bad that they even blindsided the Oracle. Berkshire Hathaway is...
  7. wealthyboomer

    No bailout for teh Car Industry

    QUOTE (thomasbeyer2000 @ Nov 22 2008, 12:48 PM) indeed .. cash is king these days .. and the Chinese have aplenty of cash .. so expect them to buy US and Canadian strategic assets such as pipelines, oil sands, car companies, specialty rare metal mines, banks ... !! Why go to war .. if you can...
  8. wealthyboomer

    No bailout for teh Car Industry

    General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program http://tinyurl.com/69k5mt
  9. wealthyboomer

    No bailout for teh Car Industry

    Chinese Automakers may buy GM and Chrysler A senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and...
  10. wealthyboomer

    Oil: The Plummet Persists

    QUOTE When was it last $50 a barrel? Certainly within the last 2 years. But the Oil Sands, and all the other oil related projects were making money @ $50.00. So, today we are back to $50.00. If those projects made sense two years ago, they will make sense today. Will they still be able to make...
  11. wealthyboomer

    Oil: The Plummet Persists

    QUOTE It is a finite resource, and most of the known reserves have probably been found, unless they begin exploring the deep oceans.Didn`t Cuba recently have an oil discovery that puts them on par with the USA? 20bn barrel oil discovery puts Cuba in the big league • Self-reliance beckons...
  12. wealthyboomer

    No bailout for teh Car Industry

    QUOTE (SeanMcAllister @ Nov 19 2008, 12:05 PM) To my understanding they (oil sands firms) operated with Govt subsidies for years and special tax incentives. Didn't the auto industry also get Gov't subsidies? Oh...I get it...Only companies that get Gov't subsidies, get 'bailouts'!
  13. wealthyboomer

    No bailout for teh Car Industry

    What will become of the GM pension funds? Will retired auto workers lose their pensions? What will they eat? Where will they live? What happens with GMAC? Do they get funds from the `bank` bailout, or does it fall under the `auto` bailout? Or will they be able to `double-dip`, and get funding...
  14. wealthyboomer

    No bailout for teh Car Industry

    QUOTE (invst4profit @ Nov 17 2008, 08:35 AM) "Restaurants, watchmakers, jewellery stores, clothing stores, belt makers, luxury boat makers, coffee roaster, beer mug manufacturers, music industry, concert organizers, special event decorators, pubs, breweries, champagne importers, cheese...
  15. wealthyboomer

    Interesting analysis of the current financial melt-down

    G-20: Shaping a new world orderSource: CNN.Money http://tinyurl.com/6dz9bq This weekend when the G20 meet I’m worried “they are gonna come up with an idea for one central bank for the world.” “This is the end of the monetary system…” “The dollar hegemony is ending.” Source: Ron Paul...
  16. wealthyboomer

    Suncor Cuts 2009 Spending Plans

    QUOTE (GarthChapman @ Nov 11 2008, 09:58 PM) You`re reading way too much pulp fiction. In really simple terms what the leaders of the world will do is try to put some controls on the speculators who are pushing the markets up and down in wild swings, and they will try to create new controls to...
  17. wealthyboomer

    Am considering a JV with a potential buyer...

    Just another thought on the downpayment option. Here is something that Pointe-of View has been doing: Pointe of View stepped in by providing $20,000 to buyers, who must then invest that money into an RRSP. After 90days, that money goes right back to Pointe of View as a down payment, making the...
  18. wealthyboomer

    Murray Edwards Blasts Alberta Government

    QUOTE (VicChung @ Nov 13 2008, 09:58 PM) I agree with everyone on this thread. We should whine, whine and ask for concessions. The problem is that the big corporations have a voice and we do not have that privilege. I have been whining to my friends, but who else??? Let`s join the chorus...
  19. wealthyboomer

    Suncor Cuts 2009 Spending Plans

    QUOTE (GarthChapman @ Nov 11 2008, 08:58 PM) You`re reading way too much pulp fiction. In really simple terms what the leaders of the world will do is try to put some controls on the speculators who are pushing the markets up and down in wild swings, and they will try to create new controls to...
  20. wealthyboomer

    September`s YOY Housing Price Index, 2008

    QUOTE (ZanderRobertson @ Nov 11 2008, 12:06 AM) What bedroom communities of Regina? Try Balgonie.
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