@JoshYoung Rockefeller was systematic and believed in integration to smooth the volatility of the industry. He would have been a hedger if the instruments existed his time.
@trevor_rose_ When cash flows get incredibly high, how do should the board ensure disciplined, quality investments instead of too many side projects and nice to haves? What role does dividends and buybacks have to play in keeping management honest?
@ShaleTier7@jeffreyrhopkins Move the whole market at a loss to the gas wells. CVE around 1.2mm bbl/d of steam. Over 500,000 gj/d, 185mm gj/year. Could you push the marginal gas costs down with this super pad enough that the gas revenue + savings from moving the market is actually a big net positive?
@Fightme120@GavMcCracken@axios You think someone that is going around the world systematically attacking refineries has gone into the bush in north east alberta, 20km from the nearest facility, right before biblical rains, to disrupt the global oil supply chains?
@Tier1Acreage@Energy_Tidbits@Rytetz29 You do produce gas, bitumen still has a very low GOR. But it’s immediately burned as fuel for more steam. Sales are entirely liquids.