Pipelines, energy and natural resources

[Czech_pivo]

This is what I believe to be the first opening moves on some consolidation and some re-org/freeing up of some assets for what is coming over the next 4-7yrs.

Both of these events where announced today.

https://www.cbc.ca/news/canada/newfoundland-labrador/suncor-ithaca-nl-oilfields-9.7369186

Suncor selling off stakes in N.L.’s Terra Nova, White Rose and West White Rose for $1.2B​

Company says its keeping interest in Hebron and Hibernia​

https://www.cbc.ca/news/canada/calgary/cenovus-energy-athabasca-oil-9.7369384

Cenovus Energy signs deal to buy Athabasca Oil in deal valued at $5.7 billion​

Company says deal to add 45,000 barrels of oil equivalent per day of production​

 

[Kirkhill]

$860M play for offshore oil assets powers Ithaca’s entry into Canadian energy game

Ithaca Energy is breaking into the Canadian market by buying Suncor's oil assets in shallow waters off the East Coast of Newfoundland and Labrador.

www.offshore-energy.biz

UK oil giant to drill in Canada as it looks beyond high tax North Sea https://www.thisismoney.co.uk/money...tml?ito=native_share_article-nativemenubutton

Brits moving out of high tax North Sea where they are under threat from Burnham's Labour.

Hibernia feeds Europe.
Suncor returns to the oil sands to increase production to fill the Pacific Link.