RE:RE:Crikey!nkbourbaki wrote: wynner wrote: Everything down bigly. Including dogecoin and crypto gas coins.Fartcoin up.
Gas at Henry Hub and AECO up. ULSDiesel up. Cad $ flat. Soybeans down. Canola down.
Picked up some money off the floor with LCFS.
Do you think management is serious about being "done" in March without changes to regs, or are you betting that it's largely bluster to add urgency.
I don't think they are"done" in March at all. Neither does the government. The legislature is back in mid February . Academic result as every one of the BC parties is on board. Even the conservatives who ran on shutting down ALL the LCFS credits. Now they are pushing to get credit for saving Tidewater.
The facts speak for themselves. NOT the manipulated stock price.
Gas is flowing through the gas plants. HAS to be done to remove sulpher and oil etc. before you cool it for LNG. Tidewater renewables buys diesel from midstream. Midstream buys LCFS credits from renewables. Hedging of feedstock will be reduced from 50% to 30% for 2025.
Nat gas production in the Montney and LNG Canada all need LCFS credits. Air Canada needs SAF.
Trains and busses need renewable diesel. Imports from California have dried up by all accounts.
Negotiations with governments make me smile not worry. Summer may be back to non winter spec diesel imports but seems doubtful now imo.