GREY:XEBEQ - Post by User
Comment by
ZouZS3on Apr 14, 2022 12:46pm
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Post# 34604233
RE:If you are reading this, you are lucky!
RE:If you are reading this, you are lucky!Guess you can figure out who said that now
ZouZS3 wrote:
"When we own an energy company we look for something with very long reserves because we don't have to worry about them finding more oil. The 2nd thing we want is a low cost structure and many of the businesses we own have generated significant free cash flow even at a 100$ a barrel relative to their SP. The businesses will use this free cash flow to deliver their balance sheet and invest in carbon capture. We recently had discussions with suncor. Carbon Sequestration will play a big role. Fortunely, Canada has the tech that appears possible and their is also years and years and years of rock formation that will sequester much of this carbon. They are focusing on scope 1 scope 2 emissions which are created in the production."