Post by
ZouZS3 on Apr 13, 2022 10:37pm
If you are reading this, you are lucky!
"When we own an energy company we look for something with very long reserves because we don't have to worry about them finding more oil. The 2nd thing we want is a low cost structure and many of the businesses we own have generated significant free cash flow even at a 100$ a barrel relative to their SP. The businesses will use this free cash flow to deliver their balance sheet and invest in carbon capture. We recently had discussions with suncor. Carbon Sequestration will play a big role. Fortunely, Canada has the tech that appears possible and their is also years and years and years of rock formation that will sequester much of this carbon. They are focusing on scope 1 scope 2 emissions which are created in the production."
Comment by
ZouZS3 on Apr 13, 2022 10:46pm
if Xebec is supplying a 4.5 billion CC project in the US. Who else could supply Suncor's carbon capture project in canada?
Comment by
ZouZS3 on Apr 14, 2022 12:46pm
Guess you can figure out who said that now