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Bullboard - Stock Discussion Forum Arrow Exploration Corp. V.AXL

Alternate Symbol(s):  CSTPF

Arrow Exploration Corp is engaged in the exploration and production of oil. It operates in Colombia and Canada. The company, through its operating segments, is engaged in oil exploration, development and production, and the acquisition of oil and gas properties. Some of the company's assets are Tapir block and Santa Isabel. The company's revenues are primarily derived from the production of petroleum and natural gas.

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Arrow Exploration Corp. > Oil business as usual
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Oil business as usual

EagleHasLanded (40) | June 30, 2022 09:17 am

The energy transition is one of the priorities for the government of President Gustavo Petro. The goal, it is assumed, is to reach it in about 15 years.
 

In his first interview as president-elect, Gustavo Petro assured Cambio that his government will focus on achieving an energy transition towards renewable energies (such as wind, solar and hydraulic) to stop depending on extractivist energies (such as oil, gas and coal), which do so much damage to the environment. Petro pointed out that, despite the fact that this transit will be gradual, during his government no new exploration licenses will be granted.

A transition to 15 years

"We propose a gradual transition that will allow us, more or less in 15 years, to reverse the matrix of primary energies, in which fossil fuels predominate, so that clean energies predominate," said lvaro Pardo, an economist and mining expert. , who will be part of the splicing team in the mining and energy sector. 

Pardo believes that this transition will have to be considered taking into account an irreversible fact, and that is that economies based on extractivism tend to disappear. “Eight years ago we had reservations for 13 years. Today we only have reservations for less than eight years. If we look, for example, at investment figures in exploration or wells drilled in exploration, we will see that investment and the number of wells have plummeted in recent years.” 


https://cambiocolombia.com/articulo/pais/del-petroleo-las-energias-limpias
 

 

RE:Oil business as usual

EagleHasLanded (40) | July 02, 2022 09:45 am

This Friday Jos Antonio Ocampo spoke, whom President-elect Gustavo Petro appointed as Minister of Finance from August 7.

 

Among other things, Ocampo stressed that Colombia should continue searching for gas and exporting oil, so that the balance of payments does not become an unmanageable problem.

“Colombia has to explore more and search for more gas, that is essential. Colombia's gas reserves are very short. There is also oil, where there are 180 signed contracts; first we have to see if that is enough, but self-sufficiency is a clear objective and we even have to continue exporting oil because if not the balance of payments problem becomes unmanageable , "said Ocampo in dialogue with Noticias Caracol

https://www.semana.com/economia/macroeconomia/articulo/minhacienda-de-petro-asegura-que-colombia-debe-continuar-buscando-gas-y-exportando-petroleo-por-que/202211/

RE:RE:Oil business as usual

Rob0012 (32) | July 03, 2022 07:37 am

Excellent stuff Eagle!  Thanks!
Rob

RE:RE:RE:Oil business as usual

EagleHasLanded (40) | July 03, 2022 12:43 pm

In his first statements about the roadmap that Jos Antonio Ocampo, appointed Minister of Finance of the government of Gustavo Petro, spoke about two critical issues that generated various opinions: oil exports, gas exploration and reform tax.

RE:RE:RE:RE:Oil business as usual

EagleHasLanded (40) | July 31, 2022 02:27 pm

Susana Muhamad, who will assume the portfolio of Environment starting in August, has already stated in the local press that the process of "decarbonizing the economy" will be gradual. 

 

And the appointed Minister of Finance, Jos Antonio Ocampo , has assured that, in the face of the world economic crisis, and the fiscal deficit of 22 billion pesos (more than 5 billion dollars) left by the outgoing Government, there are no other alternatives than to continue with oil exploration and extraction
 
https://www.telam.com.ar/notas/202207/600154-gustavo-petro-promesa-transicion-energetica-colombia.html

RE:RE:Oil business as usual

cyber37 (239) | July 03, 2022 10:49 pm

Perhaps G. Petro & his minister should look back in time & see how Colombian government ‘ran-out of town’ all multinationals in the name of miss-guided communist ideology. Companies like CNE should instead be cherished & supported if this country has any chance to recover or maybe even grow. CNE should do fine if new government shows understanding of Western business dynamics rather than strangle it with nationalization or exuberate taxation.  
G37

RE:RE:RE:Oil business as usual

deet (195) | July 04, 2022 06:03 pm

cyber37 wrote: Perhaps G. Petro & his minister should look back in time & see how Colombian government ‘ran-out of town’ all multinationals in the name of miss-guided communist ideology. Companies like CNE should instead be cherished & supported if this country has any chance to recover or maybe even grow. CNE should do fine if new government shows understanding of Western business dynamics rather than strangle it with nationalization or exuberate taxation.  
G37


Not that I disagree with your post but why do you mention CNE on an AXL message board? We here think that AXL "should do just fine."