RE:Energy Transition good for ATH and the like? Resounding YES!Interesting story on the Ath board for a change. Yes, it looks like BP and Shell have abandoned oil sands but I think the last man standing will be much larger independents like cnq and cve. Maybe even suncor will expand. Once the oil goes into the pipe and down the line to a supertanker or a refinery, nobody knows where it came from out the other end as gasoline or petrochemicals.
Godzillaman wrote: Why The Energy Transition Will Be Fantastic For Small Oil Companies By Felicity Bradstock - Nov 19, 2020, 3:00 PM CST Small, independent oil producers are seeing the potential for growth over the next decade as major energy companies look to invest in renewables. As big companies are being forced to introduce greener policies, independent producers could profit from this change. Paul Blakeley, chief executive of Jadestone Energy told the Financial Times on Monday., It wont be a Shell or BP that will be the last man standing in the oil and gas space It will be the small independents.. This comes in response to the uncertainty surrounding oil, following a drop in demand in 2020. The Covid-19 pandemic has driven major oil producers to invest in new technologies and renewable alternatives sooner than anticipated to keep up with market trends. However, Jadestone Energy, which employs 220 staff and produces 10,000 bpd expects this shift to open-up greater opportunities for small producers. Blakeley hopes to be producing between 50,000 to 75,000 bpd in the next five to ten years.