Trican Well Service Ltd T.TCW

First Nations in key natural gas region can halt developme

[firstworld]

Oppps political risk in Canada rears its ugly head again. The B.C. government will no longer be permitted to authorize industrial development on traditional Blueberry River First Nations territory without the communitys approval, the British Columbia Supreme Court has ruled. 69 per cent of the First Nations traditional territory was covered in some type of active oil tenure incl 110,300 km roads, power lines and pipelines, plus 9,435 oil and gas faciliti over and area of 840,000 square kilometres an area larger than France. No wonders sellers were eagre to dump their gas and stupid Albertans bought them at at premium. Now worth 70% less and that's 60% less work for TCW.

[MrAlberta]

A bunch of numbers almost equal facts. The Blueberry River First Nation's traditional territory is ~40,000 square kilometers and is definitely not larger than France. The entire province of BC is ~945,000 square kilometers so how can one FN in the very NE corner of the province be almost the size of the entire province itself? The 840,000 square kilometers number is out of context and is for

[firstworld]

Bottom line political risk is off the charts and any development will be subject to FN Mafia stake. Of course all the multinationals knew this among many other political risks were a serious threat that's why they all left tens of BNs investments behind for $0.02 on the dollar. Better to deal in Africa, LatAM, Asia where you can emply your own milita LOL.

[EstevanOutsider]

The Blueberry First Nation are supporters of LNG Canada and regional natural gas development. Their biggest grievance is Site C which they want stopped. Google is your friend! Cheers.