mrbb wrote: ragingrabies, your english comprehension is not quite good.
I repeat "Why would husky invite a re-negotiation when original contract that already covers long term pricing for a new lower pricing? " I never said husky want to open up a new long term contract. I said the opposite.
IN FACT, A GAS CONTRACT WAS IN PLACE BEFORE THE LIWAN GAS FIELD WAS DEVELOPED. If china not buying the gas, or gas is not negotiated beforehand, Husky would not spent a dime on liwan gas field. Are you this stupid to know how a gas field is developed?
Answer: yes, you are that stupidly dumb about oil and gas business
you are too dumb to understand asian and american gas market are 2 different things.
you are too dumb to know that CNOOC owns 51%. China do like buy their own gas.
You the moron hypocrite raging nonstop about not getting the HSE preferred price but if china break a contract, it's ok.
You see, the reason i reply to you not to educate you but to educate other posters here how dumba$$ you are.
RagingBull3 wrote: Oh now you are saying that NEW LOWER longterm pricing was Always in the contract. LOL.
Who is Husking going to sell the gas to???? to Canada at 8 times the discount??!!!! LOL
Meanwhile, we have NEGATIVE PRICES here, $45 discount..... and these hypocrites will claim everything is "FAIR".... nothing wrong, that's the market.... LOL F-ing Hypocrite morons.
All just my opinion/view/thinking.
mrbb wrote: Once again the ragingrabies make up sh!t story to defend china.
China DID cheated husky and force husky to re-negotiate the Liwan gas contract. The gas contract covers gas prices before and after payout. Why would husky invite a re-negotiation when original contract that already covers long term pricing for a new lower pricing? Ragingrabies can't even make up a story that is plausible nor even check old news article.
Calling other hypocrites thinking no one knew about the deal show you how contempt and low life you are.
China didn't super low ball Husky because china still want husky's capital and know how to develop and explore Liwan gas field. China can cheat better by using other people's money for risky exploration so they don't really want to piss off husky too much. Therefore, the gas price reduction is not as bad as many analysts thought.
It was a dispute
China had never stuck to any international agreement, NEVER. They had and will always break a signed agreement. The stronger china gets, the more ways and incentive to do what they want regardless what agreement signed. Just ask ANY foreign companies who have operated inside china, be it Apples, GM, PetroCanada. Tesla, will find out soon enough as china is staying quiet and stealing tesla's technology for now.
RagingBull3 wrote:
I'm guessing there's more to the "contract" story..... Especially given how our Propoganda to China is. Just look at how we treat our own shareholdes (Preferreds) and how things are said.
This "contract" that was "renegotiated" was probably a contract that was coming due and then was renegotiated for a LONG TERM contract at lower prices.....lower prices but still HIGHLY PROFITABLE.
YET ANOTHER MISLEADING statement I'm guessing.... I'm guessing This "Contract" everyone is mentioning that Husky got Cheated out of....... Lot's of details left out.... I'm guessing this contract was to expire in a couple year and Husky renegotiated a LONG TERM contract at a lower price.
It that being "CHEATED"????
All just my opinion/view/thinking/guessing.