RE:RE:RE:Total was a stickNO..... Equinor they did NOT make out like bandits in that one. They took a major drumming on that particular investment, a complete wash really. But with that said, THEY saw the signs very early and i actually don't fault them for getting out when they did. Athabasca along with many others were on the verge of BK, so it wasn't a guarantee that ATH would make it out in one piece. Besides, Norway was one of the very first country who's Gov't had instituted very stringent guidlines for a multitude of ESG mandates, which filtered thought to EVERY Norwegian company, even the VC funds.
Also, as we don't know WHAT Equinor did with that money once they sold their interest in ATH. We cannot say either way IF it was a good move or not........investment wise. What was important to THEM, more than the finanical hit they took, was that their investment portfolio fell into the goals, guidelines & objectives they had established with regrda to ESG. And remember folks, Norway has the LARGEST (and well managed!!! as well) sovereign wealth funds on the planet, $1T, all that money is now gone from the Canadian O&G ecosystem.