Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
You have to take into account the cost of transport to the refiners. Pipeline is the cheapest but of course that is why everyone uses it; meaning you might have to use rail. Strengthening demand for heavy oil from the U.S. Gulf Coast has absorbed some of the impact from additional Canadian production. Pipeline apportionment remains modest.
Traditional supplies of global heavy oil are in decline, and along with rising petrochemical-related heavy oil demand, should support WCS prices at the U.S. Gulf Coast and West Coast, Eight Capital said in a note.
Western Canada Select (WCS) heavy blend crude for January delivery in Hardisty, Alberta, traded at $12.65 per barrel below WTI.
Just don't see a dividend by end of Q1 or free cash flow. This company has got to make its mind up, and decide where they intend to get their funds to expand? If they take on term debt it all has to be paid back. Toscana debt still to be paid. Share buy back to be implemented which could take months; before any dividend. I note some company Q3 results coming out and quoting ," an improving price environment". Onwards and upwards; even slowly, I don't mind.
Wonder if Ryan will remain as CEO? Will he be giving options at zilch? Never mind, who cares?
Looking to the future; Canadian oil prices are poised to strengthen next year as Mexican heavy crude exports to U.S. Gulf Coast refineries dwindle, according to BMO Capital Markets.
Heavy Western Canadian Select’s discount to the West Texas Intermediate benchmark could narrow to US$5 to US$7 a barrel next year, BMO said in a report Wednesday. Oilsands producers will benefit from less output of competing crude from Latin America as Petroleos Mexicanos expects to cut exports while Venezuelan supplies remain off limits due to U.S. sanctions.
U.S. Gulf Coast demand will create tension with Midwest refiners. “Chicago refiners have limited access to alternative sources of heavy oil and will bid heavy oil away from the Gulf Coast market to ensure they have enough supply,” the bank said. “We believe that this could translate to stronger prices for WCS or a tighter spread between WTI and WCS.”
Canadian geologists are thought of as best in the world. We need decision makers with a reputation from the oil sands. What would I expect from Majid; we know he over hyped everything. Why is the sp where it is? There are different drilling requirement in the oil sands and the executive decisions should come from people such as J. Festival and the like, who understand that environment, not Majid.
Hi tony,
No, never got a reply perhaps he will when he gets time. I also note a second carbon tax is on the cards, tho' don't know if its been implemented or just talked about by PM Trudeau? Also see a lot of companies have still shut in there fields because of reduced netback tho' gas has rebounded by 10%. This is of course what i3 said they would if it was necessary. Would like to see i3 go after predominantly gas producing fields since it was the US frackers who screwed the gas price even tho' they were insolvent doing so.
I bought at 40/41p and not wiped out since I haven't sold. Plenty of other long term holders still holding. Absolutely no point in selling at this price. You just have to hang around until i3 become a 20/30 kbpd company; and why not?
27 th. Oct. Meeting. Lets not forget we have an Information Circular from Toscana, anytime soon to their shareholders. Their board and senior management have already pledged their support to the deal. Toscana have the chance of a future with i3 no matter what anyone says on this board. It will be interesting to see what Graham has been up to? Let the market play with the sp, it will find its true worth in time. I agree, cheap as chips. Canada needs its oil industry.
Keep on moaning. What about these people?
https://www.rigzone.com/news/justin_bieber_highlights_oil_pain-23-sep-2020-163365-article/
I don't know if any one was interested in the carbon capture asset which came with Gain but that is what was in my email. It was mentioned by Majid when purchasing Gain. The Weyburn-Midale Carbon Dioxide Monitoring and Storage Project) is, as of 2008, the world's largest carbon capture and storage project. I had asked do we still have it, but since its in Saskatchewan, I imagine its been sold as part of the Harvard sale.
Wonders never cease, reply from Graham: I am away with no access to email until October 9th. If absolutely necessary, anything urgent regarding corporate matters should be sent to Majid Shafiq at mshafiq@i3.energy.
There you go , no access to email.
I have every confidence in hitting 30p to recoup my outlay. If we had only stayed in the NS I would have had serious doubts. I have no confidence in Lib whatsoever. The Canadian model we now have gives hope for a steady build up. I posted this recently, confirming the big boys have already given a commitment to the Trans Mountain expansion for 85% that the pipeline can carry, along with a further commitment for 15 to 20 year use. We already know of BP and their LPG plant in the course of construction. We need to export the Canadian oil to Asia to get a fair price and not what the US have been paying. Talk of possibly two UK vaccines by Xmas should give the world economies a big lift.
This is why the sp is where it is because of liberator. They bought a discovery
11 MMBO from Dana. They missed for a second time on the last drill, 13/23c-11 which they had talked up . They then said it must have went west to Minos High . We are concentrating on Serenity and even that is reliant on thickening sands to the west. Hopefully Serenity is as they say and we get a farm out or sale.
It wasn't long ago when GGG was a holder here with large losses. I'm in the same boat but still quietly here. I need 30p to get my money back. I have no faith in Lib and we still need an appraisal on Serenity. Suppose I just don't believe anything the directors say. They even said 50% recoverable from Serenity. They would wouldn't they.