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Old 01-11-2019, 03:05 PM   #4961
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Originally Posted by IliketoPuck View Post
Shell is actively focused on moving away from oil-type assets towards gas/lng. Seems consistent with that strategy.
If thatís the case, why sell Foothills?
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Old 01-11-2019, 03:11 PM   #4962
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If thatís the case, why sell Foothills?
Because they want assets that they are actually allowed to sell on a global market?
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Old 01-11-2019, 03:12 PM   #4963
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nm [wrong thread]
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Old 01-11-2019, 09:45 PM   #4964
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Originally Posted by IliketoPuck View Post
Shell is actively focused on moving away from oil-type assets towards gas/lng. Seems consistent with that strategy.
Iíd be shocked if Shell has any upstream assets in Canada in 3-5 years.
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Old 01-12-2019, 12:47 AM   #4965
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NM - didn't realize they mostly dropped out or the Athabasca Oil Sands Project.

I find it strange they still call it "Shell Scotford" with such a small stake.
Shell still owns the refinery. The only sold the majority interest in the upgrader.
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Old 01-12-2019, 01:09 AM   #4966
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Iíd be shocked if Shell has any upstream assets in Canada in 3-5 years.
The lng plant will have to be fully integrated. So...they will have to have an upstream business to supply it. If anything, people are going to ask why they would build out their own production if they can buy it for cheaper. IE - instead of building out the 1-1.2 bcfs/d required to fill the gas plant, just buy a gas company instead. Peyto, Arc, Tourmaline, Encana would all come to mind.

Meanwhile, the Scotsford refinery is incredibly valuable, especially if they sold their fuel stations at the same time. CVE, CNQ, SU and IMO would all salivate over the opportunity to buy Scotsford.
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Old 01-12-2019, 09:09 AM   #4967
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The lng plant will have to be fully integrated. So...they will have to have an upstream business to supply it. If anything, people are going to ask why they would build out their own production if they can buy it for cheaper. IE - instead of building out the 1-1.2 bcfs/d required to fill the gas plant, just buy a gas company instead. Peyto, Arc, Tourmaline, Encana would all come to mind.

Meanwhile, the Scotsford refinery is incredibly valuable, especially if they sold their fuel stations at the same time. CVE, CNQ, SU and IMO would all salivate over the opportunity to buy Scotsford.
Will Shells LNG plant get built? I’m not convinced. Unless it’s already being built then i stand corrected. But it’s not like shell performs well on op costs for upstream as it is.

Refinery isn’t upstream.

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Old 01-14-2019, 12:55 PM   #4968
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Originally Posted by GullFoss View Post
The lng plant will have to be fully integrated. So...they will have to have an upstream business to supply it. If anything, people are going to ask why they would build out their own production if they can buy it for cheaper. IE - instead of building out the 1-1.2 bcfs/d required to fill the gas plant, just buy a gas company instead. Peyto, Arc, Tourmaline, Encana would all come to mind.

Meanwhile, the Scotsford refinery is incredibly valuable, especially if they sold their fuel stations at the same time. CVE, CNQ, SU and IMO would all salivate over the opportunity to buy Scotsford.
IMO and SU already have large refineries I Alberta, I donít see them buying Shellís refinery.
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Old 01-14-2019, 12:58 PM   #4969
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Originally Posted by Weitz;69454Hi20
Will Shells LNG plant get built? Iím not convinced.
Shell has already sanctioned LNG Canada - itís full steam ahead. I donít think they could easily back out of the project without major losses.
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Old 01-14-2019, 02:20 PM   #4970
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Shell has already sanctioned LNG Canada - itís full steam ahead. I donít think they could easily back out of the project without major losses.
They had also sanctioned Carmen Creek, began work on it, and then pulled the plug. Different reasons but they have done it before. They also threatened to walk from Sable Island after the Nova Scotia government wanted to re-open negotiations after the initial agreement was made.
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