1754 replies to this topic

[exc911ence]

 

The Green Party's parliamentary leader Elizabeth May says governments around the world should use the pandemic, and the resulting economic fallout, as an opportunity to reorganize the energy mix and find other jobs for Albertans working in the sector.

 

Bloc Québécois Leader Yves-François Blanchet said Alberta's "tar sands" are "condemned" and federal funds should be directed at supporting renewable energy sources rather than projects like the Trans Mountain pipeline expansion.

 

"My heart bleeds for people who believe the sector is going to come back. It's not," May told reporters Wednesday. "Oil is dead and for people in the sector, it's very important there be just transition funds."

 

https://www.cbc.ca/n...rties-1.5557725

 

 

So ironic hearing Quebec poo-pooing Alberta's oil industry considering the majority of the Equalization Payments heading their way are funded from it. 

[Victoria Watcher]

Cenovus to buy Husky Energy for $3.8B, designed to 'weather the current environment'

https://www.cbc.ca/n...-deal-1.5776221

 

 

The combined company will be the third-largest Canadian oil and natural gas producer, based on total company production, Cenovus said. It will have low exposure to oilsands benchmark crude, which typically trades at a discount to North American benchmark West Texas intermediate.

 

 

 

 

enbridge and suncor are likely #1 and #2.

Edited by Victoria Watcher, 25 October 2020 - 03:33 PM.

[Jackerbie]

^ I don't think Enbridge produces anything. Top producers would include Suncor, Imperial, CNRL, and perhaps Ovintiv (formerly Encana)

[JohnsonStBridge]

Data is a year old but top two producers per Daily Oil Bulletin report would be CNRL & Suncor:

 

                                                  BOE/D 2017        2018

1 Canadian Natural Resources Limited 908,308 1,025,484

2 Suncor Energy Inc. 617,400 684,800

3 Cenovus Energy Inc. 470,490 483,458

4 Imperial Oil Limited 375,000 383,000

5 Tourmaline Oil Corp. 242,325 265,044

6 Husky Energy Inc. 283,133 252,300

7 Encana Corporation 179,833 224,500

8 Seven Generations Energy Ltd. 175,016 202,578

9 Crescent Point Energy Corp 149,085 140,027

10 ARC Resources Ltd. 122,937 132,724 

[johnk2]

^ I don't think Enbridge produces anything. Top producers would include Suncor, Imperial, CNRL, and perhaps Ovintiv (formerly Encana)

They transport oil and gas with North America's biggest pipeline network. Buy shares now, they are trading at a steep discount and pay a nice fat dividend.

[Mike K.]

^agreed. This is the time to buy up Canadian energy stocks. 

[johnk2]

Cenovus to buy Husky Energy for $3.8B, designed to 'weather the current environment'

https://www.cbc.ca/n...-deal-1.5776221

 

 

The combined company will be the third-largest Canadian oil and natural gas producer, based on total company production, Cenovus said. It will have low exposure to oilsands benchmark crude, which typically trades at a discount to North American benchmark West Texas intermediate.

 

 

 

 

enbridge and suncor are likely #1 and #2.

Husky is Li Ka-Shing's outfit. At one time, maybe still, he was the richest man in Hong Kong starting out from selling balloons and plastic toys on the street. He controls approximately 15% of the world's container ports, a serious revenue stream.

[vortoozo]

A Globe & Mail editorial today calling it like it is:

 

 

To see an official government inquiry even glance at, never mind seem to embrace, such junk research is disturbing. Yet these commissioned papers are only the latest pratfall in a series of self-inflicted wounds that have marked the inquiry since its launch in mid-2019. Like Alberta’s other misguided attempt to sway public opinion – the Canadian Energy Centre, a.k.a. the “war room” – the inquiry into anti-Albertan activities is a bad idea turned farce.

Two years ago, when Jason Kenney campaigned to become Premier, he whipped up support for his United Conservative Party by declaring war on nefarious forces. The enemy, he said, were environmentalists concerned about climate change who, purportedly backed by dark money from abroad, had plotted against the province. “Standing up for Alberta” was Mr. Kenney’s slogan. His government would confront “all the lies and the myths.”

 

Two years later, Mr. Kenney’s planned counterattacks are nothing more than miscalculated and failed sorties.

 

Globe editorial: Jason Kenney’s war of words verges on farce - The Globe and Mail

 

Scrolling through the comments, I found that Albertans are starting to realize that you can't just sit around doing nothing but blame other levels of government:

 

 

I am an Albertan, I live in Alberta.  I am tired of Kenney's insipid whining on ever single issue this province has.  He has done NOTHING to lesson the hardships that the people of this province are enduring other than playing the blame game.  His message of 'Trudeau did it' is old and tired.  He has made no attempt to actually address or fix anything for anybody.  In fact, the UCP policies and approaches have harmed this province on every level.  From alienating doctors, educators and farmers nothing positive has been achieved through their negative discourse.  Anyone with anything to say contrary to Father Kenney has had their character assassinated and been publicly shamed and assaulted.  Remember Shandro?  We have Ministers who are are in no way qualified running complicated portfolios or conflict of interest issues.  This party has been nothing but an attempt at idealogical coup for the right wing christian agenda.  How can anybody in this province honestly say they are better off with the UCP?

 

Edited by vortoozo, 26 January 2021 - 10:52 AM.

[Mike K.]

Isn't that what British Columbians are doing over housing, health care, homelessness, mental health, the rising wage gap and COVID-19?

[vortoozo]

Isn't that what British Columbians are doing over housing, health care, homelessness, mental health, the rising wage gap and COVID-19?

 

I'm not sure I follow. Our government hasn't blamed other levels of government without doing anything on these topics.

We've had housing purchased for the homeless, seem the implementation of the speculation tax, seen minimum wage increases, have had some COVID success benchmarked against other provinces while having significantly fewer restrictions and definitely haven't been playing the blame game on COVID-19 that certain other provinces have (*cough*, Ontario, *cough*).

[Mike K.]

Not a day goes by that Mayor Helps doesn’t blame Ottawa for a lack of affordable housing monies and provincial policies for tent cities, and then we have the healthcare shortcomings, the drug enforcement issues, etc.

All governments blame one another. It’s how they operate.

[vortoozo]

Not a day goes by that Mayor Helps doesn’t blame Ottawa for a lack of affordable housing monies and provincial policies for tent cities, and then we have the healthcare shortcomings, the drug enforcement issues, etc.

All governments blame one another. It’s how they operate.

 

Do you seriously think the UCP government has been more effective in Alberta than the NDP has been in BC?

[Mike K.]

That’s got nothing to do with anything.

I have not given Alberta’s politics much thought, no, but I know enough to sympathize with their frustration over having no voice in Ottawa.

[Victoria Watcher]

alberta should just horizontal-drill a secret pipeline under BC to the coast.

[Jackerbie]

alberta should just horizontal-drill a secret pipeline under BC to the coast.

 

That would (effectively) be TMX, and it's been shut down since mid-December

[Victoria Watcher]

yes.

 

earlier this year i read a book about lubricants.  very interesting.

 

some of the best non-friction i've read in years.

[LJ]

[Rob Randall]

The top [U.S.] oil and gas industry lobby group on Thursday endorsed putting a federal price on carbon dioxide emissions, a reversal designed to show seriousness in addressing climate change.

 

The decision by the American Petroleum Institute, whose membership includes oil giants such as ExxonMobil and Chevron, ends the group's long-standing opposition that helped sink cap-and-trade legislation just over a decade ago.

 

 

https://www.nbcnews....carbon-n1262056

Edited by Rob Randall, 25 March 2021 - 09:50 AM.

[Wayne]

Cant see this being an issue with the Federal Government if this happened in western Canada.

 

"Canada is asking a U.S. court to stop the state of Michigan from shutting down a pipeline that supplies fuel to much of Ontario and Quebec."

 

"The proposed shutdown would cause a massive and potentially permanent disruption to Canada's economy and energy security," 

 

https://www.cbc.ca/n...ine-5-1.6022141

[Mike K.]

A bit late to the party, there.

 

Michigan made it clear long away what their intentions were towards this pipeline. Now we have to wait and see if Canada can assist the US east coast after its pipeline was shut down following a hacker attack. Maybe some good will can come of this yet, but I won't be surprised if it doesn't.