Royal Dutch Shell plc today announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (“Shell”) — which are detailed in this announcement — that will see Shell sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60 percent to 10 percent.
NDP energy minister touts carbon tax, cites Shell statements. Just 1 week later, Shell "divests" from our oilsands #ableg #pcaa #pcldr #wrp pic.twitter.com/jV7oVaKdKh
— Unite Alberta (@UniteAlberta) March 9, 2017
Even before the Alberta NDP and accompanying green theocracy, Butts-hole federal government, FN expectations of sovereign dominance and omniscient veto power, pipeline stasis, etc. the Oil Sands were a marginal, high-cost option. Lesser-cost shale production will ensure the Oil sands stay that way for a while even if Canada changed her culture to attract investment.
I hope CNRL hosed Shell on the deal.
CNRL is the buyer.
Board of Directors: Canadian Natural is a limited liability, publicly traded corporation. Current members of the board of directors are: Catherine M. Best, N. Murray Edwards, Honourable Gary A. Filmon, Ambassador Gordon D. Giffin, John G. Langille, Steve W. Laut, Keith A.J. MacPhail, Honourable Frank J. McKenna, James S. Palmer, Eldon R. Smith and David A. Tuer.
A few familiar faces there.
Actually,
Shell is in with the AGW scam and is on board with the warmmongers, expecting rewards from the said warmmongers, governments and other such international socialists.
The expectation here is, that the bloody Royal Shell miscalculated royally.
No sympathy, hope they lose bigly.
If you work for Shell, let them know.
At times it is not extremely tempting to sign up on this chirping thing.
Must be strong, hold on to something solid.
‘it is’ rather than ‘it is not’
BlackBerry is, what blackberry does.
I bet this will go over really well in Texas where Rachel is hobnobbing this week.
“Dead Rose Country” or “It’s probably nothing”
tough call Kate.
Y’know, there are so many intelligent, thoughtful, capable women in this world . . .
. . . how in the Hell did Albertans manage to elect this virtue-signaling horror?
Damn it, my resource stocks are never going to recover. Between incompetent Notley and that twit Trudeau I am never going to be able to retire. I am starting to hate and despise Canada.
Even the Adversary (HaSatan) comes as a messenger of light.
PM Sunny Ways is getting an award in Houston today.
http://www.cbc.ca/news/politics/trudeau-award-energy-environment-texas-1.4015955
An “award”, eh? Sort of like how Obama got the Nobel Peace Prize? Meaningless drivel.
I have my RRSP money to invest, currently it’s just sitting in cash. Canadian coal & oil will be good long term investments but I also need an annual return in dividends.
The Peace River Complex in-situ project. Read this and then had a bell ding in my head briefly. I did some work on this project once. Thirty years ago, in early 1986 I was working for Honeywell (computer division) as a technical support guy. They contracted me to Shell to develop a data communication link from the process computer centre at Peace River to their downtown IBM mainframe. Back then these were custom built software packages using proprietary communications protocols transmitting data over telephone links. I did the work in the downtown offices, and when it was ready they flew me up to Peace River in a Challenger Jet to do the installation and checkout. My first and only trip on an executive jet.
Good memories.
You are not alone Robert. I am in the same boat sitting w/50+k and nowhere for it to go. Put a few thou into Silver Coin…but the rest needs a good dividend paying home…seems to me the only bastards that never lose…are the Banks. CNRL may also be a decent bet, however having worked on the Horizon site and comparing safety/procedural differences between them VS Suncor (where I have also worked), has an enlightening & sobering effect, to make one pause before one slaps down a chunk on them. But like anything else in investing…diversifying is what I will end up doing.
As for Alberta’s Oil & Gas Industry…it wont amount to much at all as long as we don’t have Pipeline capacity to tidewater…Kinder Morgan notwithstanding…that in itself wont do squat…We need Gateway and a couple more like it to really get things rolling…I simply do not see that happening with the mesmerized populace we have currently in this country.
We can thank Ideologically bent Cultural Marxists PIGS like Notley, Wynne & Trudeau for much of that…that all three would be removed sooner than later is my fervent wish….regardless of the manner in which it happens.
TRAITORS all and you can Add McGuinty & Smitherman to that list as well.
Garth…thr Right was split between the disgraced PC’s and Wild Rose…then Prentice went weird saying all kinds of goofy stuff, the Danielle Smith and 8 of her MLA buddies croseed the floor (WR was leading in the polls with 43% no less)…and so the right was split and the communists came up the middles promising all kinds of Social BS for the Millenial’s including a min wage increase…to $ 15/hr.
How (WHY), the WR gang crossed the floor and Prentice going weird seems to me to have been a staged/planned thing…too damned convenient for me. So one wonders who would benefit from having an Anti Oil NDP Government in Alberta….well, seems to me it would be anyone who considered Alberta’s Oil Sands as a Major competitor.
Would you cross the floor if offered 10 million to do so..? Anyone would…and that amount of coin would be petty cash for any large (American), Oil/Gas operator now wouldn’t it..?
Just a thought – could be out to lunch here on this…but sure is strange
I called shenanigans right from the get go last election. I could certainly see your scenario happening mixed in with some Democrat style ballot stuffing. That Albertans just rolled over and accepted the results speaks to the number of Easterners bringing their shitty politics out west. Try asking 10 people in Calgary where they where born, 9 out of 10 are from out of province and 6 of those are from Ontar-I-owe. Socialist scum will see their rewards soon, keep robbing the regular folks, just keep it up. Should the SHTF in th US it’s game on and stocks in brass, lead, and rope will go through the roof!!
Apparently anyone who is a speaker at that conference gets an award. It’s a participation trophy.
Silver, gold, coin, doesn’t earn dividends, and, the metals are still floating in a narrow range. Your chance to make money there is if the dollar continues to fall vs Am$.
The big gains won’t be there in oil and gas either, there’s a lot of oil in the ground waiting to turn the taps on, both in the Dakotas, and the OPEC cartel, who can’t help themselves.
Just sunk 50k myself into conservative mutual, dividend funds, loaded with financials and blue chips, with MERs under 1%, no BS. These funds made between 8 and 12% last year with 10k in them, perfectly satisfied with those returns, and looking to move my remains comm stocks, that only earn 4% dividends, no stock gains, and looking riskier everyday.
Banks? Ever heard of buy high? Yeah they look tempting, but our big banks are at their yearly highs. Sorry, but I’m not buying, not so long as expecting double digit gains. That’s in the rear view mirror.
Truth be known, not terribly optimistic about Canader, not with Spud prancing around with his JV team. The US on the other hand, with Trump, is the wave to ride……the economy, not necessarily the market
Canada has so many stupid people it does not require me to make any comment other than that. stupid.
Try USA assets vs. cash
Perhaps USA dividend stocks would work for you vs. cash