CalgaryC

And standing here tonight, I'm afraid that I don't hear a thing.

@ShaleTier7 @rockcreekfreak Move quick and we could be the earliest in on the new #cardiumchampion ? Brb, going to go second mortgage my dads hyundai, this cannot be missed!

@rockcreekfreak Wow, could YGR be a generational buy here @c_calgary?

Current TSX price as a ratio of NAV for Canadian E&P names (excluding integrated majors and royalties). Note: NAV (net asset value) calc uses YE2025 reserve report Before Tax NPV10 less net debt divided by fully diluted shares outstanding.

#Canada’s Diesel-Rich Synthetic Crude Oil Triples in Four Days #oott bloomberg.com/news/articles/…

A great read by @dkennedyglans: "After years trying to do business with national oil companies in China and India, he’s blunt: 'Never once did anyone even ask about emissions. The customer will not pay one red cent more for lower-emission oil — not in the United States, not in Asia, nowhere.'" The Premier should read it.

@ShaleTier7 Can you show me on the map where $YGR.to becomes a generational buying opportunity?

It's so tempting to use LLMs to generate maps -- but here's an example of one that looks pretty good and informative at first pass, but upon further inspection, nearly everything is wrong. I've annotated the errors that immediately stand out. The stats are wrong, the names and shapes of islands are wrong, the fields are wrong (names and location). please can we not sloppify analysis of the oil market.

The Strait of Hormuz is the world’s most dangerous single-point failure for energy, food, and tech. Energy Insecurity Right now, this narrow waterway is effectively blockaded amid conflict. Every day it carries roughly 20 million barrels of oil, about 20% of all global petroleum liquids, plus 20% of the world’s LNG. That’s the energy backbone for Asia, Europe, and beyond. The Iranian regime is holding these international waters hostage, ostensibly protected by freedom of navigation, spiking gasoline, diesel, and power prices worldwide. Food Insecurity But it’s not just fuel. Roughly one-third of all seaborne fertilizer trade (about 16 million tonnes a year) also flows through Hormuz, mostly urea, diammonium phosphate, ammonia, and sulfur from Gulf producers. These are the nitrogen and phosphorus nutrients farmers need to grow food. A prolonged closure means higher fertilizer prices, lower crop yields, and food inflation hitting every dinner table on the planet. For food insecure regions of the world, hundreds of millions of people would be horribly impacted. Tech Insecurity As recently as Friday night, the regime now threatens to cut data cables connecting the Indo Pacific region to Europe and Euraasia, a threat I had warned of in the House of Commons two years ago, as the world experimented with various versions of appeasement. Even semiconductors are now in the crosshairs. Qatar extracts roughly one-third of the world’s commercial helium as a by-product of its LNG plants — and almost all of it ships out through Hormuz. Helium is irreplaceable in chip manufacturing: it’s the ultra-pure purge gas and coolant used when making silicon wafers for memory chips, processors, and AI hardware. Factories in South Korea, Taiwan, and beyond are already watching helium stocks nervously; a real shortage could idle fabrication plants and slow production everything from phones to data centers. In short, one 34 kilometre wide strait controls the flow of oil, gas, fertilizer, and the hidden gas that makes modern electronics work. That is an unacceptable level of global vulnerability. Canada could help fix this. We produce about 5.3 million barrels of oil per day and 33% of the world’s potash (the potassium fertilizer the Gulf barely touches). Our oilsands and conventional reserves could sustainably reach 6–7 million barrels per day if we remove Liberal regulatory and pipeline bottlenecks. That’s enough to replace roughly ONE-THIRD of the daily oil volume now at risk in Hormuz. On gas, we could ramp LNG exports significantly, creating a North American alternative to Qatari supplies. And with it, new domestic helium production from Saskatchewan projects that experts already call a realistic backup. On fertilizer, our potash output could grow to 35–50+ million tonnes a year. That would lock in stable potassium supply for the world’s farmers even if Gulf nitrogen and phosphate shipments vanish. We also have cheap natural gas to expand our own nitrogen fertilizer capacity. Unlocking Canada’s full resource potential as Pierre Poilievre and Conservatives have proposed: pre-permitted national resource corridors, pipeline and port infrastructure to the Pacific, and repealing investment-killing legislation, wouldn’t eliminate every international risk overnight. But it would immediately diversify international energy supplies, lower prices, and strengthen food and tech security for billions of people. One chokepoint in the Middle East shouldn’t decide whether your car has gas, your farm has fertilizer, or your phone has chips. Nor should one chokepoint in Mark Carney’s “Net Zero” middle power platitudes deny Canadians the prosperity they deserve, and the international security Canada could contribute to as a major power. A huge part of the solution is Canada. It’s time to get out of our own way and deliver the energy, fertilizer, and stability the world desperately needs. Right now.

Hard to overstate the role shale gas has played in lowering inflation and spurring American industry. Were we a net importer today as forecast in the 2000s, domestic nat gas & power would be at multiples of current pricing, serving as a huge tax on individuals and companies. 1/5

What part of “we stopped being a serious country about 10 years ago when we elected Prime Minister Feeling Socks and his merry band of ball lickers” did you miss Steve? Now translate this to french before you get thrown in Winter Gitmo (ie sent to live in Dawson Creek)

Last night Laid out my clothes for tomorrow Cargo shorts I stared at all seven pairs in the closet They're identical I picked the third one Gut feeling Also laid out a mask My wife has COVID Can't be too careful My analyst texted at 10:14pm I said "tomorrow is important" He said "trust me I know. Get some rest boss man" First time he's ever told me to do anything Something about the way he said it felt off But I was tired So I let it go Friday 3:47pm Therapy Cargo shorts All six pockets loaded Pocket one had my talking points Pocket two had the clean version of my wife's list that my analyst reformatted this morning because I can't read anything with inconsistent punctuation Pocket three had a printed copy of the home warranty redline for reference Pocket five had a granola bar You never know how long these things go I was wearing the mask My analyst drove separately He was already in the parking lot when I pulled in Engine off Legal pad on the dash Third iced coffee of the day He looked at the mask He didn't say anything I said "you ready" He said "I've been preparing since Tuesday boss man" I didn't ask what that meant My wife's car was already there That was expected There were two cars next to hers That was not We walked in The therapist was seated $250 an hour I negotiated that My wife was on the left couch Stanley cup in hand She saw the mask Her face changed I assumed she was nervous about the session She was not alone Karen from HR was sitting next to her Arms folded Lanyard still on I stopped walking My analyst stopped behind me He whispered "boss man that's Karen from HR" I said "I know" Then I saw the chair in the corner My son's teacher Folder in her lap Color-coded tabs Same ones from both parent-teacher conferences I looked at my wife She said "you brought your analyst" I said "you assembled a panel" She said "I made some calls" The therapist looked at Karen Karen looked at the teacher The teacher looked at me I sat down My analyst sat behind me On the floor against the wall There were no more chairs Legal pad in his lap Pen ready Four against two I counted the therapist on her side The numbers were not in my favor But I've closed deals with worse odds The therapist said "I think we should establish some ground rules" Karen said "I brought some" She pulled out a folder Also color-coded Two folders in the room with color-coded tabs Neither of them mine I respected the organization I did not respect the ambush The therapist said "this is a safe space" I said "it was until HR showed up with a lanyard" The therapist said "can you remove the mask so we can have an open conversation" I said "my wife has COVID" The room went quiet My wife said "I don't have COVID" I said "you left a positive test in my lunchbox yesterday" She closed her eyes Karen looked at the teacher The teacher looked at the therapist The therapist looked at my wife My wife said "we'll come back to that" I took the mask off I didn't understand why everyone was acting strange But I noted it Karen said "I'm here as a friend" I said "you scheduled mandatory fun at 5pm on a Friday and trapped yourself in an escape room for 14 hours" She said "that's not relevant" I said "the door was open the entire time" The teacher said "I'm here because your wife asked me to come" I said "last time we spoke you requested I not come to meetings" She said "this is different" I said "how" She said "because this time I was invited" The therapist said "let's focus on the relationship" My wife pulled out the list Two pages Single spaced Still no consistent punctuation I pulled the reformatted version from pocket two She looked at it I said "my analyst cleaned it up this morning. Same content. Better structure." She didn't take it She started reading from hers "Line one. He negotiated the therapy rate during our first session" The therapist looked at me I said "I saved us $25 an hour. Over a six-session commitment that's $150. You're welcome." My wife continued "Line four. He visited a divorce lawyer without telling me" The therapist said "is that true" I said "it was diligence. I needed to understand the downside exposure to properly value the upside." My wife said "the upside of what" I said "you" She didn't respond to that Karen made a note I don't know what she wrote But her pen was the same one she uses for incident reports I recognized it "Line seven. He calculated the cost per sip of my wine at my own birthday dinner" I said "it was a 147% markup. That's not opinion. That's math." The therapist said "do you hear how that might feel to your wife on her birthday" I said "she ordered the bottle anyway. The ROI on that dinner was negative before the entrees arrived." My wife looked at the ceiling Some things never change "Line twelve. He crashed our son's parent-teacher conference. Twice. The second time with his analyst." The teacher sat up She said "can I add something" The therapist said "go ahead" She opened her folder Pulled out the test The multiple-choice question Fifteen gender options My son selected none of them Wrote "Not applicable" Below that: "Identified: Chromosome XY" Below that: "Source: Biology textbook, page 217" With a footnote The teacher said "he cited a source. On a multiple-choice test. In second grade." I said "I'm not seeing the issue" My wife said "he's becoming you" I said "thank you" She said "that wasn't a compliment" The therapist said "I think I'm beginning to understand the pattern" Karen said "now you see what I deal with" I said "you write policies nobody reads and enforce rules that don't make common sense. Even my five-year-old knows the door was unlocked." Karen looked at the therapist The therapist did not intervene I respected that "Line nineteen. He asked our financial advisor why he'd pay a 1% fee when he could buy VOO and do the same thing from his phone" I said "the therapist provides more value at $250 an hour. I stand by that." The therapist looked at me differently I think I just gained a vote Three against three now My analyst nodded I told him not to do that The therapist paused She said "I want to ask about communication between you two. Outside of this room. How do you express things to each other" My wife was quiet I said "she's been expressing herself through alternative channels recently" The therapist said "what does that mean" I declined to elaborate My wife looked at me I looked straight ahead We moved on The therapist asked my wife what she needs from me My wife was quiet Karen started to answer for her My wife put her hand up Karen stopped The teacher put her folder down My wife said "I need you to stop treating every part of our life like a deal that needs to close" I said nothing She said "I need you to sit in a room with me without an agenda" I said nothing She said "I need you to be in this marriage like a person. Not a CFO." The room was very quiet My analyst stopped writing First time all session Karen put her pen down The teacher closed her folder The therapist looked at me I sat there for a while I said "I don't know how to do that" The therapist said "that's the first honest thing you've said today" I said "I'm honest every day. I told a car dealership I had comps on every Tahoe sold within 50 miles. I told a home warranty company their own contract contradicts itself on page 91 and page 104. I told a realtor her brochure had three different fonts and no financials." The therapist said "those are transactions. I'm asking about your wife." I looked at her She was looking at me Not at the ceiling Not at the therapist Not at Karen Not at the teacher At me I said "I went to a divorce lawyer three weeks ago" Karen's eyebrows went up The teacher looked at my wife My wife said "I know. You told me. Asset protection." I said "I went because I needed to know what it would cost to lose you. So I could understand what it means to keep you. The retainer was $15,000. I didn't sign. Because the model couldn't capture what I'd actually be losing." The therapist was quiet My wife was quiet Karen was writing something I said "I don't know how to be in a room without an agenda. But I know I want to be in every room you're in. Even the ones I'm not invited to. That's why I keep showing up." My wife looked at me Then she said "that's why I keep letting you in" The therapist teared up Karen teared up The teacher teared up My analyst did not tear up He was taking notes I did not tear up either But I made a note The therapist said "I think that's a good place to stop" My wife said "there's one more thing" The room was still She reached into her purse Not the list Something else She placed it on the table I looked at it Two lines Positive I said "I already saw this. You put it in my lunchbox yesterday." She said "I know" I said "we should talk about quarantine. I can't afford to be sick before the board deck is due." Nobody spoke Karen covered her mouth The teacher looked away The therapist took her glasses off My analyst stood up He said "boss man" I said "not now" He said "boss man that's not a COVID test" I looked at it again Two lines Positive I looked at the fine print I missed yesterday I looked at my wife She wasn't looking at the ceiling She was looking at me And she was smiling I have never seen her smile in a therapist's office before The therapist said "do you understand what she's telling you" I said "yes" I did not say anything else for approximately forty-five seconds My analyst said that's the longest he's ever seen me go without speaking Including board meetings I looked at the test Then at my wife I said "unbudgeted headcount" The therapist said "excuse me?" I said "she's adding a resource to the org chart without a requisition" My wife laughed First time she's laughed in therapy I said "I'll need to update the sensitivity analysis" She said "why" I said "the model at the divorce lawyer's office only accounted for two dependents and a golden retriever. The downside just got significantly worse." She said "is that your way of saying you're happy" I didn't answer right away I said "I'm saying I didn't budget for this. But some of the best investments I've ever made were ones I didn't see coming." She looked at me I looked at her Karen was crying The teacher was crying The therapist was crying My analyst was not crying He was on page four of his notes I was not crying either But the room was blurry Must have been the mask The therapist said "now that's a good place to stop" I said "we still have seventeen minutes. I paid for the full hour." My wife stood up Grabbed her purse Grabbed the test Looked at me Said "let's go home" First time she's said that after one of these and meant it Karen stayed behind I think she's booking her own session The teacher left without saying goodbye Third time she's done that I got in the car My wife was already in the passenger seat She didn't say anything I didn't say anything I put my hand on hers I don't do that But I did Some meetings could have been an email This one couldn't $250 One hour No redline No debrief One new line item I didn't see coming Plz don't fix. Thx. Sent from my iPhone

Is the methane deal acceptable for industry? Mike Rose, CEO of Tourmaline, Canada’s biggest natural gas producer, was quoted in the Alberta release. alberta.ca/release.cfm?xI…

My latest @financialpost article is out. It talks about my youth and how that shaped my views on business… “I grew up in Fort McMurray, Alta…It was home and the spirit of community was everywhere…It was a place where hard work, entrepreneurship, community and opportunity were not abstract concepts, but daily realities. In the late 1970s and early 1980s, my family owned a go-kart track in an energy-fuelled, but entertainment-starved town. In the winters, we did whatever it took to survive…It was hard, honest work and great until Pierre Trudeau’s National Energy Program devastated Alberta’s economy… Those experiences shaped my view of business. Put simply, entrepreneurial activity matters... That was true…decades ago and remains true today on a much larger scale through the expanded oilsands... Recently, Conservative Leader Pierre Poilievre appeared on Joe Rogan’s podcast and defended Canada’s oilsands against the now-familiar claim that they are environmentally irresponsible... …activists conveniently ignore a basic economic reality: global demand for oil persists and that is highlighted during times of global strife like the current Iran conflict. The question is not whether oil is produced, but where. …In 2024, Canada’s oil and gas industry employed approximately 900,000 people and contributed more than $8 billion in taxes (plus tens of billions of dollars in royalties) to the federal and provincial governments and represented approximately 7.8 per cent of Canada’s nominal gross domestic product… A report released last week said increasing Canada’s pipeline capacity could have a significant upward impact on GDP. In other breaking news, water is still wet... From a tax perspective, opponents of the…industry often claim that the sector receives subsidies that should be stopped. That is a convenient misunderstanding of how Canada’s tax system works… Singling out oil and gas companies for criticism is a selective narrative, not a principled tax policy argument. Tax policy shapes behaviour in very real ways. Governments introducing uncertainty, complexity or targeted hostility are met by investors quietly delaying decisions or moving capital elsewhere. One example is the layering of an industrial carbon tax on top of an already high-cost, highly regulated industry. Oil is a globally traded commodity priced on global supply and demand, not on the carbon intensity of a particular barrel. Is there a premium market for decarbonized oil? No… Canada has an opportunity to produce energy responsibly, supported by sound tax policy, efficient infrastructure and a competitive investment environment. That approach recognizes a simple truth: economic prosperity is not an obstacle to progress; it makes progress possible. financialpost.com/commodities/en…

I’m concerned that Calgary’s public submission process on blanket rezoning repeal has confused residents and led to misinterpreted feedback. After personally reviewing all submissions, I found strong support for repeal and am calling for clearer engagement to ensure residents’ voices are accurately heard. See full release attached. #yyccc

Hey @westjet what’s the point of booking transport through you if the flight landed almost 2 hours ago and our car’s still not here. I could have walked to the hotel by now. #ipotozero

@ShaleTier7 @mythmakrr Worst company so far? You leave that tweet up and you’ll be making Yangarra’s day sir

@mythmakrr This is the worst company in the basin by a country mile.

Any idea what’s going on with $pne $pne.to these days? Looks like it’s trying to find a leg up #com

I find it interesting that people are concerned about increases in oil prices and their impact on the price of gas, yet those same people were often dismissive of the impact of carbon taxes and the pass on effect to consumer prices. Costs are costs, and that tax component is just shifting to other methods be that the Clean Fuel Standards, Carbon Capture and Sequestration etc.

If your strategy is to generate losses to offset your taxes I think this is a decent move

Unreal watching Liberals (and liberal voters) all of a sudden preach the positive power of Canada’s energy industry. Do you think those that have toiled for decades in the energy industry will forget history? No, you’re just pandering to your base - we see you.

This may be one of the most obtuse comments I have seen with respect to the Canadian oil and gas industry, and I have seen many. Either the Government has no understanding of the industry that it oversees, or Bloomberg has gone fully AI in the writing of its stories. Either way, disappointing.

And here is how Alberta compares with the rest of Canada, by province 👇

🇨🇦: If Ontario were a country, its marginal tax rate would be the 5th highest of any advanced economy. ON: - 3rd highest in 🇨🇦, still privatizing - voters think gov is good w/money BC: - lower marginal rate - voters think gov is “socialist,” bad w/money ∴ people are idiots