RE:RE:RE:RE:RE:RE:RE:RE:A few questions to make you thinkCNQ also pickup all heavy oil/tarsand assets from Amoco, and Devon.
CNQ is such a dummy.
ztransforms173 wrote: - on a PER UNIT BASIS, the VALUE of Fort Hills is INCREASING while that of the UPGRADERS is DECREASING
- the REASON is SIMPLE:
- DILUTED BITUMEN is GETTING MORE PROFITABLE while SCO is GETTING LESS PROFITABLE
- these 'TRENDS' will AMPLIFIY as the TMX pipeline STARTS OPERATING {PROJECTED TO BE IN MID-2024 ?}
- Fort Hills was a COLLOSAL STEAL OF TotalEnergies and TECK Resources by Suncor Energy
- TECK was FORCED OUT by DEMANDING CAPEX CALLS in COPPER
- TOTAL RID ITSELF of the "DIRTY OIL SANDS"
- CVE BECAME a POWERHOUSE when COP LET GO of FCCL assets {although COP BARGAINED VERY HARD}
- CNQ BECAME a JUGGERNAUT when SHELL DECIDED to EXIT the "DIRTY OIL SANDS" (as usual the NATURAL was VERY OPPORTUNISTIC and SHELL was TAKEN to the CLEANERS}
- these DIVESTITURES WERE a MANNA FROM HEAVEN for CANADIAN oil companies and CANADA ITSELF
z173