Alberta oil sands producer Strathcona has agreed to buy Greenfire in a cash and stock deal that values the firm as much as C$2.9 billion #oott https://t.co/dVp3hSSPUP
$CVE $CVE.TO
- Buy C$56
- ND⬇️$2.4B to $3.0B
- ND will go to $5.0B-$5.5B after the $ATH.TO acqusition
- WWR first oil imminent
- 250K of its own heavy oil goes through its own downstream assets (f**k WCS!) IMHO
CANADIAN GOVERNMENT HAS ANNOUNCED PLANS TO BAN INVESTMENT ACCOUNT TRANSFER FEES AT BANKS
INVESTORS WILL BE FREE TO MOVE THEIR ASSETS FROM BANKS TO NEW PLATFORMS WITHOUT PAYING ANY FEES
BANK’S HAVE MADE $100’S OF MILLIONS FROM THIS IN THE PAST
HUGE WIN FOR 🇨🇦 INVESTORS
Trans Mountain expects to start moving another 90,000 barrels per day through its pipeline from the Alberta oilsands to Burnaby, B.C., by the end of this year, CEO Mark Maki said Monday—as soon as the federal regulator approves its plan to use chemical additives to speed up the flow.
https://t.co/uAEGO17MOH
@KC_Invests These are more than perfect pricing for them. Too high and demand destruction starts. They should be more outspoken about our federal government in inability to get WCS to other markets.
The margin for making diesel from crude oil in the US has soared to more than $100 a barrel, setting new all-time highs as a global fuel-making crunch continues to exacerbate fuel prices.
The widely watched gauge, known as the diesel crack spread, hovered around $100 a barrel on Tuesday down slightly from record highs over $102 a barrel. The spread settled in triple digits for the first time on Monday.
Before this year, the measure had never risen above $89 a barrel, with the prior record set in October 2022 as the world grappled with a shortage of the fuel heading into the first winter of the Russia-Ukraine war.
#oott https://t.co/ecXf0aFWYu