RE:RE:RE:RE:RE:RE:RE:RE:RE:Could TWM be a takeover target?That's an interesting statement from Elias. Rack prices in Prince George have more to do with transportation costs into the market than they do with the efficiency of the refinery, prices are typically $0.10/l above Edmonton. It's the remoteness that makes this refinery...different.
Without the offtake agreement with CVE he has the value of PGR at $0 in 3 years? Guess they really need to get that canola oil and used fryer oil refinery up soon!
Husky/CVE is one of the biggest suppliers of crude into PGR, though I imagine the retail locations eventually get sold as CVE tries to de-lever. After the expiration of the offtake agreement I'm reasonably confident PGR will still be processing crude: in fact I've put money on it.
The value of the renewable diesel and canola oil processing is based nearly entirely on the production of BC LCFS credits and not fuel