RE:RE:RE:RE:What sets CVE apart from rest of the sector is the fact that my old fear was china would low ball cve for the liwan/wencheng assets. Hence, I supported CVE not sell the chinese asset in a haste with no bargaining power, especially during oil energy prices of past years. With the news CNOOC wanting to exit their western assets, CVE now has some leverage for a better sale price. CNOOC has 16.69% interest in MEG. Other CNOOC canadian assets not so hot. CNOOC applied and got approval to re-start the long lake upgrader.
CNOOC wins regulatory approval to restart oilsands upgrader - JWN Energy
from cnooc websit
CNOOC International has oil sands and shale gas assets in Canada.
Our oil sands business is a key part of CNOOC International’s global portfolio. Our Long Lake facility, located in northern Alberta just south of Fort McMurray, is a SAGD operation with production capacity of 72,000 barrels of bitumen a day. We also have interest in several other oil sands projects including Hangingstone, operated by Greenfire Resources Operating Corporation, Syncrude’s oil sands mining upgrading facility and shares in MEG Energy.
In addition to our oil sands business we have shale gas land in Northeast British Columbia, a power station in Balzac, Alberta, and interest in a wind farm in southern Alberta
JohnSP wrote: mrbb, excellent point, CNOOC's Canadian Assets would be a good fit for CVE:
https://cnoocinternational.com/operations/americas/canada FTI Stockhouse redirects your nice links to their MarketHerald news website (PITA). I now just paste links with same name as address and they work then.