Time will tell. One of the concerns from a poster was "cost". BC Hydro wants affordable electrical rates from producers. Oceanic says the project can be "cost effective and a reliable addition to the province's electricity system." Interesting how this will play out.
Next concern, need capacity upgrade to take advantage of economies of scale. It's easy after the infrastructure is build, (ie:undersea cable, onshore substation, etc.) to add more turbines. But at the start, the upfront costs are large. How will this be handled?
Participation of First Nations in the area. It's not only about the financial, but involves cultural traditions dating back generations.
,
On hydrogen. As Shell CEO Wael Sawan says, the question is, not if hydrogen will play a role, but rather when. He sees the role of hydrogen growing. "The more we have green power, ie: solar, wind, renewables, the better chance of feeding that power into electrolyzers that produce the hydrogen."
Shell CEO on LNG pause: Can cause long-term market uncertainty (cnbc.com) And as the article on Alaska (on this forum) says, an alternative market (other than the usual grid) for offshore wind (ie:green hydrogen) the better chance of project viability. How Oceanic and partners will address this remains to be seen.
--------------------------
Maybe Shell could be the trail blazer for green hydrogen initiatives near Prince Rupert/Kitimat. At this stage the LNG initiative is still center stage.
--------------------------
As for the stock, nothing spectacular. On occasion a perk up. Maybe progress on finding a major developer or new ideas surfaced about how to go about things
Chart indicators are bland. I'm looking for strong divergences of indicators from price, but nothing much. I like negative volume index (NVI) rising for nearly a year, but that's about it. Thin trading makes all chart indicators vunerable.