Official (Alberta) Oil Discussion Thread

[Azure]

Well legally they could protect themselves. Financially they could benefit.

But who really wants to deal with all that bull#### that comes with building it?

[Yoho]

https://twitter.com/user/status/1512554814797979648

[OldDutch]

Originally Posted by Yoho

https://twitter.com/user/status/1512554814797979648

Good to see, but really his voice will be lost after November anyways. Good news is he can join the Republican majority in actually joining the house majority in doing something about as non partisan bill.

[Azure]

If a project like Keystone gets canceled, where does all the piping and stuff go?

[Kickazzflames]

Originally Posted by Azure

If a project like Keystone gets canceled, where does all the piping and stuff go?

Highest bidder or to a scrap yard. The problem is the coating on the linepipe is going to wear down as it just sits there season to season without being in the ground. Eventually they will need to strip it all and re-coat it if they plan to use the same pipe, which is still the cheapest option since the price of linepipe is crazy these days.

[CaptainYooh]

What’s being used as inner coating nowadays? Paint or some kind of plastic?

[Locke]

Originally Posted by Azure

If a project like Keystone gets canceled, where does all the piping and stuff go?

I understand some investors are looking into building the World's Largest pipe-based obstacle course and jungle gym...

[Kickazzflames]

Originally Posted by CaptainYooh

What’s being used as inner coating nowadays? Paint or some kind of plastic?

A thin epoxy coating is what we having been using for natural gas lines.

[Yoho]

https://twitter.com/user/status/1514036838176075779

[Mr.Coffee]

It was foolish to shut it down in the first place but that didn’t stop anyone, Joe. Why don’t you throw your money at it?

[Nufy]

Originally Posted by Kickazzflames

Highest bidder or to a scrap yard. The problem is the coating on the linepipe is going to wear down as it just sits there season to season without being in the ground. Eventually they will need to strip it all and re-coat it if they plan to use the same pipe, which is still the cheapest option since the price of linepipe is crazy these days.

There was also concern that the pipe was no longer useable...due to sitting stacked in a field(s) for so long.

The bottom layer might be "out of round"...

Stack em 3-4 layers high and let gravity do its thing over 10 years and there might be an issue...

[Leeman4Gilmour]

https://www.reuters.com/business/ene...ar-2022-04-13/

I cannot think of an ultra intelligent quip to go with this link, but it's news. Not sure if a CNRL/Suncor/Cenovus/etc could afford to take over CNOOC's assets or if this is a way for one of the companies who have dropped assets in Russia to make their way back into the Canadian game....again.

[Fuzz]

It is interesting their concern is sanctions...are they planning something? Maybe don't plan stuff that will get you sanctioned.

[DFO]

Originally Posted by Leeman4Gilmour

https://www.reuters.com/business/ene...ar-2022-04-13/

I cannot think of an ultra intelligent quip to go with this link, but it's news. Not sure if a CNRL/Suncor/Cenovus/etc could afford to take over CNOOC's assets or if this is a way for one of the companies who have dropped assets in Russia to make their way back into the Canadian game....again.

The Canadian SAGD assets are old sub par projects at this point. Not much value there so they'll be cheap relative to other SAGD sales.

[Table 5]

Originally Posted by Fuzz

It is interesting their concern is sanctions...are they planning something? Maybe don't plan stuff that will get you sanctioned.

Maybe yes, maybe no, but maybe in the future? Either way, the last couple months have shown that the risk of asset seizure is a lot higher than it used to be, and clearly they are de-risking away from the West. There are some tectonic shifts going on right now as the world deglobalizes and positions itself into new economic spheres. China is moving away from the West, and will be shifting that capital to places where it can have more influence...ie Africa.

[ah123]

Originally Posted by Fuzz

It is interesting their concern is sanctions...are they planning something? Maybe don't plan stuff that will get you sanctioned.

Wonder if tho has something to do with it

https://www.businessinsider.com/russ...ine-war-2022-4

[Monahammer]

Originally Posted by Fuzz

It is interesting their concern is sanctions...are they planning something? Maybe don't plan stuff that will get you sanctioned.

That was my first thought when I read it. What sanctions are they most afraid of? Seems like something is afoot.

[calgarygeologist]

Originally Posted by Fuzz

It is interesting their concern is sanctions...are they planning something? Maybe don't plan stuff that will get you sanctioned.

This is likely a concern about western sanctions on countries which are potentially seen as allies or propping up Russia in the war against Ukraine. China has not and does not appear to be interested in penalizing Russia.

[peter12]

####ing Manchin. The one guy responsible for halting climate action in the US and of course he comes to Alberta. Ridiculous.

[Fuzz]

I'm more thinking along the lines of their potential actions around Hong Kong, Taiwan, and the South China Sea. Get their ducks lined up before taking action.