RE:RE:RE:RE:RE:For those that are actually....
mrmomo wrote: Z173.......I know that you're a firm believer & strong supporter of Suncor, and i totally understand that pov, but when you take into account all the facts, you're just making Suncor look MORE than what it really is when you look at the overall picture. By posting all this PathWays stuff, you just keeping confirming, strengthening my point & narrative. Everything you're saying & posting, just makes the XOM buyout of Denbury that much more relevant and strategic.
Like i said, if you look at ALL the facts of PathWays and what has been done up to now, this is still just a concept, mainly a work-in-progress with NOTHING actually built out.......YET. And i think you should "carefully" note a couple of VERY important differences inbetween Denbury & PathWays or Suncor. The first & most obvious is Denbury's infrastructure is ALL built out & in operation, whereas Suncore has nothing.......YET. Secondly, Look at the pure scope &size of the assets of both companies. Denbury has over 1300+ miles of cco2 capture whereas the WHOLE Pathways project is estimated at only ~250M. Thirdly, and i have to reinterate this again, just look at those timelines for PathWays, they are WAY out there in the distant future. As indicated by the quotes below......
"In Alberta, engineering will help propel the Pathways Alliance to reach its target of net zero emissions by 2050. Expected to provide about half of its target to reduce annual emissions by 22 million tonnes by 2030."
Lastly, the most crucial differences, there were very valid reasons that XOM poured that $5Bus into Denbury instead of going into Canada via Pathways through its proxy company Imperial. The first was instant gratification as the Denbury acquisition provided immediate production & CC for the company's image & reputation. As easy peasy as odering something on Amazon and just simply hitting the buy button. And the most important difference, since Denbury is light & med oil, it has NOTHING to do with any "dirty & VERY polluting" heavy oil that's usually associated with the Canadian Oil Sands.
So like i keep on saying, if investors are interested to delve further into this niche space, and one wishes to be exposed, "immedaitely", to something similiar to Denbury, then there's only TWO alternatives in Canada. Advantage & HammerHead and i'm not aware of any others besides those two.
GLTA
Exxon still have to spend some more $billions to accommodate their CCS need. Denbury current CO2 pipeline infrastructure already serving existing clients, targeting mostly in CO2 EOR, not much in true CCS. In Denbury website:
A cost-efficient transportation and storage system accelerates CCS deployment for ExxonMobil and third-party customers over the next decade and underpins multiple low carbon value chains including CCS, hydrogen, ammonia, biofuels, and direct air capture.
Pathway Alliance is gonna be custom build design to service mostly oilsands operations. In case you dunno, it is the oil companies that own the reservoir rights for CCS. Just having carbon capture and CO2 pipelines ain't gonna fully meet true CCS without access to 'right' reservoirs.
Carbon capture essential to preserve economic benefits of oil sands | National Post