Nick Papagorgio

Inside every cynical person, there is a disappointed idealist - George Carlin

Everyone has a plan until they get punched in the mouth. - Mike Tyson

[Nick Papagorgio @rustybuttons35]

@OilAcumen @MikeyHawking97 @Sumit_Tripathi_ Averaged over 19 minutes in the playoffs with Colorado. With Nurse gone and a new coach, he might be assured 20 a night

[Nick Papagorgio @rustybuttons35]

@JeromyYYC There isn't one beer in the city remotely close to $3.20. Argue the province are being idiots adding more taxes, but at the stampede beers are $8 minimum. This won't affect stampede pricing.

[Nick Papagorgio @rustybuttons35]

@sheshem Canada has always had both options.

[Nick Papagorgio @rustybuttons35]

@AndieWinnipeg Canada was fully private prior to 1947.

Has been a mixed system since in some way.

This isn't new.

[Nick Papagorgio @rustybuttons35]

@FocusedCompound They used enough storage to out wait the turmoil. Now they can slowly refill the stockpile.

The only way it appears that we would have sustained higher prices is if the world feels a shortage. They never did.

[Nick Papagorgio @rustybuttons35]

@JordanMenashy @GadSaad None. It's post tax money.

Ludicrous that the most inefficient vehicle known to man with money, the government, thinks getting more money will make our lives better.

[Nick Papagorgio @rustybuttons35]

@LarryNeufeldSK You're right they don't. Get the government regulations out of the way, tanker bans sorted, a real tax structure that will last more than 5 minutes and private money will do it.

[Nick Papagorgio @rustybuttons35]

On paper. And has paid billions in personal taxes. Jobs and income taxes of the thousands of employees compounds this number.

And he should be paying a large amount of taxes, but eventually the rest of the group needs to figure out why the system is still broke.

Then look at what SpaceX does. It moves satellites, which everyone uses every day, into space, at a cost of 1/10th of what NASA does it for.

If that is not an advertisement for the government getting out of these programs, not sure what is.

[Nick Papagorgio @rustybuttons35]

@LukaszukAB We get democracy.

Have the vote, throw all the other items to vote on the ballot, like Corb's coal etc. and let citizens vote.

It's rich a politician complains about some expenditures and not others. We pay a power company $97m a year for the next 12 years to not use coal.

[Nick Papagorgio @rustybuttons35]

@alleria_eh I think people simp for the idea that if they work hard, design something that people want, invest their time, effort, and leverage their assets, that they will be rewarded for it.

Nobody wants to spend 14 hours a day to watch the next guy work 5 and get a piece of what they did

[Nick Papagorgio @rustybuttons35]

For being a fake company, I have the professor intrigued. Which is good. I have 12 followers, so all this really is about is good discussion for my own learning.

The company is very real, and the money I spent was real, so I want to know why people think carbon taxes paid by industry don't get charged to them eventually. There is a cost.

I'm at the Energy Show today, but will pull some of the items and show where we pay carbon tax and how it equates to our daily expenses.

We currently have a line item that shows ~$4700 carbon tax levy in Q1. I want to see who is charging it to us and why we paid it. Is it numerous bills broken down? But it is there.

[Nick Papagorgio @rustybuttons35]

@BartFurley @lucas_sorge Splendid idea. Grow your own food. Helicopter in goods and services since highways and railroad run through rural areas.

[Nick Papagorgio @rustybuttons35]

@andrew_leach @jor90445100 @cenovus That's the one. Enjoy!

[Nick Papagorgio @rustybuttons35]

Still not made up. Glad those half a dozen hours a week you teach the youth is giving you free time to come up with some zingers.

We run under CAPPA and PASC standards, not GAAP, but you know that.

Under CAPPA they are captured in Operating Expense under production costs, or as a distinct Taxes, Fees, and Levies category.

[Nick Papagorgio @rustybuttons35]

@andrew_leach @cenovus Well we don't upgrade, our emissions are nowhere near 1.5 tonnes per BOE and we never opted in for fun, so under these protocols, I'm due a rebate.

[Nick Papagorgio @rustybuttons35]

That's your answer. I'm making it up because you don't agree with it. Nice discussion. I know the TIER programs state we don't pay due to our size, and emissions, but we do.

Believe what you like. I was adding information in a respectful way. We do pay Alberta Carbon Tax Levy quarterly, that was the sum for Q1 2026, not sure what else to say.

Based on Cenovus' current daily BOE of 972,100, we are just a hair over 5,100 times smaller than them.

[Nick Papagorgio @rustybuttons35]

Here's BPs page.

https://t.co/1hmiF0nTlM

You are correct, they have not removed the net zero target.

BP changed its climate goals by shifting its baseline from 2019 levels and subsequently scrapping absolute reduction targets in favor of fossil fuel investment. Originally aiming for a 40% absolute cut in oil and gas production by 2030 (relative to 2019), BP altered its strategy in 2023 and ultimately abandoned this goal entirely in early 2025

Small changes in small doses. That's why I say watch the next 12-18 months, I'd wager they reduce it further.

[Nick Papagorgio @rustybuttons35]

In this case, we is an oil company that I own. As for where it gets reported, the CRA defines that for us.

The rules around a public company and reporting, not sure why they don't have it broken out, but we pay about $4,700 a quarter to the government of Alberta for Carbon Tax. That is separate from mineral rights, crown royalties, land lease holdings and county taxes.

We in this case is at least 5,000 times smaller than Cenovus. Thus the reasoning why, I would believe their number is not insignificant.

[Nick Papagorgio @rustybuttons35]

@SirIsaac_Brock @andrew_leach @cenovus Two years ago it was valid discussion. You don't need to agree with it, random Twitter guy

[Nick Papagorgio @rustybuttons35]

@wuyavae @CrudeStructure @andrew_leach And people who want to invest in oil, stop investing in oil companies that stop making oil.

Keep watching BP transition over the next 12-18 months.