Irving Oil,QuantumScape,SolarEdge This sale is not for tomorrow, but it will be interesting to see who get Irving and
more importantly at what price.
As for solid state battery,QuantumScape(Symbol QS) after putting tons of $ in developing
this technologie does't seem to be doing well.I am no expert whatsoever in SSB but the chart
of QS speak for itself.I have put the chart below.
Oil will be needed for tens of years to come and O&G stocks will do fine as an investment.
Look at what is happening so solar stocks this morning.SolarEdge technologie(SEDG) is droping 27% as i
am writting this post
At the heart of New Brunswick’s industrial landscape, an emblem of Canadian enterprise quietly shifts gears. Irving Oil, a dominant force in the region, is experiencing significant leadership changes as Arthur Irving and his daughter, Sarah Irving, step down from their pivotal roles. The ripples of their departure resonate far beyond the boardroom, as the company navigates the turbulent seas of federal environmental regulations and a strategic review that could reshape its future. A Legacy of Fuel and Fortune
Rooted in the soil of Saint John since 1924, Irving Oil was the brainchild of Arthur’s father, K.C. Irving. Today, it operates Canada’s largest refinery and employs over 4,000 people, making it one of New Brunswick’s largest employers. The company’s sprawling operations extend across Eastern Canada and New England, with over 900 fueling locations and a robust distribution network. The Saint John refinery, a crown jewel valued at approximately $2 billion, processes approximately 320,000 barrels of oil per day, making it the largest emitter of greenhouse gases in New Brunswick.
Challenging Times, Changing Tides
New Brunswick Premier Blaine Higgs, a former Irving Oil executive, has suggested that these policies may have catalyzed the family’s decision to reassess the company’s trajectory. The leadership changes, he noted, signal a transitionary phase for the business, with significant decisions looming on the horizon.
A Region on the Edge
The uncertainty enveloping Irving Oil’s future has implications that reach far beyond the company’s industrial confines. The potential restructuring or sale of the company could trigger seismic shifts in the regional economy, affecting the livelihoods of thousands and the fiscal health of eastern Canada and the U.S. The Saint John refinery, in particular, is seen as a significant asset that could attract potential buyers.
The leadership changes at Irving Oil have underscored the evolving energy landscape and the challenges that lie ahead. As the company embarks on this new chapter, the outcome of its strategic review will not only determine its own future but also shape the economic and environmental contours of the region it has powered for nearly a century.
