AC

[Eric Nuttall @ericnuttall]

With details of the MOU (aka. The Grand Ransom) between Alberta and the Federal Government seemingly imminent, I would like to offer the following:
🛢️a 1MM Bbl/d pipeline to the West Coast is a "pipe dream" if not funded by taxpayers, and the likelihood of getting firm volume commitments for that scale is highly unlikely
🛢️Pathways, a ~$30BN project, was conceived in a different world than now and should be scrapped immediately
🛢️Carbon taxes make the industry at the margin less competitive and encourages investment elsewhere - the oilsands are 0.1% of global emissions - we are irrelevant
🛢️The industry does not need to be "future proofed" nor need a "social license" - the world is desperate for more energy and not a single purchaser of oil in the world asks nor cares about a barrel's carbon profile
🛢️With expansion on existing pipelines plus the Prairie Connector/Bridger project (which I'm now incrementally more confident will proceed) Canada will add ~1.6MM Bbl/d of incremental capacity, enough to get us through to the mid 2030's

[Global Calgary @GlobalCalgary]

Cenovus Energy's chief executive says the national dialogue around future oilsands development has been "myopically focused on the climate agenda" which has made Canadian resource development and investment "uncompetitive with the rest of the world."

https://t.co/ZmfBxmUP5U

[The Globe and Mail @globeandmail]

Cenovus posts higher profit, raises dividend as MEG acquisition spurs record output https://t.co/OP38y3N5FT

[Razor Oil @RazorOil]

As of 2023, Alberta’s total proven oil reserves were around 159.4B bbls…about 99% of these reserves, or 157.6B bbl were in the oil sands and 80% of that number can be only recovered by in-situ technologies such as SAGD. 🫡🪒

[Tim Houston @TimHoustonNS]

Nova Scotia is back in the offshore oil and gas business with over $210 million in new private investment.

This means real exploration work, good jobs for Nova Scotians, and more opportunity right here at home. It also means growing our economy, strengthening our energy security, and investing more into the services people rely on.

Momentum is building and the world is taking notice. 

Let's keep going.

[AC @ACsagdream]

@aeberman12 Canada

[AC @ACsagdream]

@PrepperCanadian Good take on his visit, plausible if not likely for sure.

[Jack Prandelli @jackprandelli]

🚢 How LNG Carriers Work?

See how LNG ships move gas around the world, from design to loading and discharge.

The video explains the 2 main ship types, and how LNG is safely handled at every step.

Ever wondered how tankers carry such huge volumes of gas?

This breaks it down simply.

👇 Read my latest article, if you want the full breakdown of how the war and the Hormuz blockade just reshaped global energy flows:

https://t.co/k4gkxsWTol

[ol’ stocky ⛳️ @oldstocky]

How it feels to have 3 Sapporo’s at lunch

[Razor Oil @RazorOil]

As we think about it and examine the geography (via this map) and geology, the integration of surface facilities around Christina Lake with the future redrills and extensions toward the preheated pays, everything makes so much sense. I think in the next 2-3 years just this area could be producing around 420k-430k bbl/d for the next 30 years. Narrows was always the dream, but Meg's assets made it a reality. Good work. $CVE.TO $MEG.TO 🫡🪒

[Heather Exner-Pirot @ExnerPirot]

But Cenovus Energy Inc. CEO Jon McKenzie, who chairs CAPP's board of directors, said he sees it as a "fallacy" that a carbon levy would encourage industry to invest in decarbonization.
"What it means at the end of the day is more of the global supply will come from countries outside of Canada," he said.
"It represents nothing more than an incremental cost that makes us less competitive with the rest of the world."

[Razor Oil @RazorOil]

Good morning to all friends! Appreciate you all supporting 🇨🇦 oil sands…where water is sourced mainly from aquifers, the majority is recycled ♻️, and saline water is used where possible…we are going to be producing this oil utilizing the same recycled water for the next 200 years lol🫡🪒

[Razor Oil @RazorOil]

US heavy oil production is about 2% of its overall production (98% light/medium oil), thus 🇺🇸heavily relies on 🇨🇦 for imports of heavy crude aka < 20º API. Current imports close to 3mm bbl/d !! mainly imported via Enbridge mainline to Midwest Pad 2 where some Canadian owned refining is taking place. With this in mind, US administration must recognize that we are a valuable partner and we know it. Let's win together. 🇨🇦🤝🇺🇸🫡🪒

[Jack Prandelli @jackprandelli]

🚨 BP Just Cut Green Spending 90%

From $5B → to $500M

The world’s energy narrative just flipped.

And BP is the clearest signal yet.

New leadership, Meg O’Neill...Immediate action

• Green capex: $5B → <$500M (-90%)
• Oil & gas capex: ramping to $10B/year
• Cost cuts: $4–5B by 2027
• EV business: scaled back to 4 markets only
• Jobs cut: 100+ in EV division

⚠️ Why Now?

• Qatar LNG → force majeure
• Brent &WTI → $100+
• Hormuz → constrained
• Europe → no clear gas replacement

The system is under stress

The transition fail because it depended on:

• Stable supply
• Stable geopolitics
• Stable prices

All just broke.

bp tried to become a green energy company

Now it’s returning to what the world actually needs in a crisis

The transition conditional and when the system tightens fossil fuels become strategic again.

If BP is doing this now…

How many others follow?

The most important signal isn’t the CEO.

It’s what they were told to cut.

Subscribe to the newsletter (link in my bio)

[Abe Simpson @AbeSimp12856621]

If WTI stays at this level for 3 months Alberta will erase its entire 2026/2027 deficit

[Rick Metzger @Merlice1]

@BOEReport It was never lost. I added additional 2700 CVE at $36.97 on mar 27 plus another 1300 today @$37.37 Christina Lake assets are simply the best With lowest SOR and highest reserve life.

[𝘚𝘶𝘱𝘦𝘳-𝘚𝘪𝘨𝘯𝘢𝘭 @qftnoise]

@MorganStanley raises $CVE Cenovus Energy price target from $29 to $41.

Today was the day when Canadian oil companies finally got re-rated.

[Bullish Trend @trend_bullish]

$CVE.TO Target price 55$

With a stable price of $80 per barrel and aggressive share buybacks plus a capital return policy, Cenovus should generate exceptional free cash flow, enabling a significant reduction in the number of shares and a share price well above its current level. My central scenario points to **≈ CAD 55** by the end of 2027, but this remains a hypothetical projection. Actual results will depend heavily on execution, MEG integration, and the macroeconomic environment. Follow quarterly reports, 2027 guidance (expected at the end of 2026), and debt updates for further refinement.