Ned i dag også...

Nå er det digg med gas :)

Sen. Cruz: Senators call on Saudi Arabia to allow the price of oil to stabilize

https://www.youtube.com/watch?v=89YEhZAzJlA

Canadian Drillers Face Nightmare Scenario As Oil Crashes To $5

The U.S. shale patch laments oil prices in the low $20s crippling companies with already weakened debt and liquidity profiles. But further north, the outlook for Canada’s oil patch is even gloomier.

Hit by the pandemic-driven demand shock and the price war-induced supply shock, Canadian oil prices have already crashed to below US$10 a barrel.

This year’s oil price crash will hit Canada’s oil patch harder than the 2014 price collapse, analysts say.

Following the double supply-demand shock of the past weeks, the industry had to quickly switch back to survival mode, just as it was expecting an uptick in upstream investments this year, for the first time in five years.

Canada’s oil and gas sector now faces an existential threat – losing even the little competitiveness it held onto in the wake of the previous oil crash.

The pain in the coming months could become worse before the companies that manage to survive this oil price rout start making any money.

Calls for a federal government bailout are growing. However, so are calls from environmentalists for the government to help the workers who will be (or already are) out of a job instead of pouring billions into saving corporations that destroy the environment with oil sands operations.

The government of Alberta—the heart of Canada’s energy industry—has adopted some emergency relief measures to help the sector.

And a federal government action in support of the sector could be imminent, Kelly Cryderman writes for The Globe and Mail.

Environmental organizations wrote a letter to Canada’s Prime Minister Justin Trudeau this week, calling on the government to focus on helping workers, not bailing out corporations.

“Giving billions of dollars to failing oil and gas companies will not help workers and only prolongs our reliance on fossil fuels,” organizations including Citizens for Public Justice (CPJ), Climate Action Network Canada, Greenpeace Canada, and Extinction Rebellion wrote.

“Oil and gas companies are already heavily subsidized in Canada and the public cannot keep propping them up with tax breaks and direct support forever. Such measures benefit corporate bottom lines far more than they aid workers and communities facing public health and economic crises,” the environmentalists said.

Support for Canada’s energy sector is coming within “hours, possibly days,” Canada’s Finance Minister Bill Morneau said at Senate committee meeting on Wednesday, as carried by CBC News.

Without provincial and federal government support, many in the industry who survived the 2014 price crash may not survive this time, as oil prices are plunging, storage is approaching full capacity, and demand in Canada’s key oil export market, the United States, is plummeting.

As a result, the price of Western Canadian Select (WCS), the benchmark price of oil from Canada’s oil sands delivered at Hardisty, Alberta, nosedived to a record low this week, and this may not be the bottom yet.

Related: World’s Largest Oil Trader Says Demand Could Plummet By 20 Million Bpd

As of Thursday, WCS was selling for US$6.45 a barrel, or C$9.08. This price compares to an average WCS price of US$36.82 for January and US$27.28 for February, according to Alberta government figures.

Bitumen prices are probably negative already.

“Looking at bitumen pricing, it is zero to negative. So, it’s as worse as it gets,” Martin Pelletier, a portfolio manager at Calgary-based TriVest Wealth Council, told CBC News this week.

Faced with plummeting oil prices, Canadian companies rushed to cut spending, curtail operations, defer investments and start-ups, cut executive salaries, and lay off workers.

Husky Energy cut its budget and production, Cenovus Energy slashed its 2020 capital spending by around 32 percent, Suncor cut capital guidance, and so did Canadian Natural Resources. Athabasca Oil Corporation also cut its CAPEX and proactively curtailed heavy oil production at Hangingstone.

“I expect to see cuts everywhere … It’s a survival game right now,” Athabasca Oil’s CEO Rob Broen told Calgary Herald columnist Chris Varcoe two weeks ago.

Vanskelig å vite hva som er rette vinklingen nå, mtp kjøp/salg:

https://sysla.no/offshore/norsk-meglerhus-oljemarkedet-er-odelagt-og-neste-stopp-er-10-dollar-fatet/

Ingen løsning, før US-skiferolje forlater markedet.
E` d` muli`?

As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, in what many would have until recently considered an impossible scenario, a lot of U.S. shale might do just that. Breakeven prices for U.S. shale basins range between $39 and $48 a barrel, according to data compiled by Reuters. Meanwhile, West Texas Intermediate (WIT) is trading below $25 a barrel and has been for over a week now.

https://oilprice.com/Energy/Energy-General/Russias-Plan-To-Bankrupt-US-Shale-Could-Send-Oil-To-60.html
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https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Is-Ignoring-US-Pressure.html
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https://oilprice.com/Energy/Energy-General/The-Worst-Is-Still-To-Come-For-Oil-Markets.html

Kan være litt negativt for Qec...denne tungoljen blandes ut med lettolje.

Helt enig! Bra for QEC dette! Da kan kanskje myndighetene fase ut dette miljøproblemet og få inn Clean gas som QEC kan levere!

Jo. Det er kjempepositivt. Oljesand er noe av det verste sølet man kan drive med. Rasering av natur og de største klimagassutslipp etter olje.

Dessuten har det vel svært liten betydning for QEC. I hvert fall ikke negativt.

https://www.msn.com/nb-no/okonomi/virksomhet/nå-er-råolje-fra-oljesand-dyrere-å-frakte-enn-å-kjøpe/ar-BB11Q22p?ocid=spartandhp

noen tanker om dette. Tolker det i alle fall ikke positivt :(

"Kan føre til stenging av flere olje-sand-prosjekter.
Canadisk tungolje er nå så billig at det koster mer å frakte den til raffineriene enn verdien på selve oljen. Det kan føre til at enda flere olje-sand-produsenter stenger produksjonen, skriver Bloomberg.
Råoljen Western Canadian Select fra Alberta falt til 4,58 dollar fatet på fredag. Det er billigere enn en litt fancy kopp kaffe.
WCS-olje er bitumen blandet med lettolje for å bli flytende nok til å sendes gjennom rørledninger. Bitumen kostet fredag omlag 83 cent per fat, mens syntetisk råolje fra oljesand-bitumen raste til 9,33 dollar/fat, som også er det laveste Bloomberg har målt.
Må sende billigolje til Texas
Kanadisk tungolje koster nå mindre enn det et selskap med langtidskontrakt må betale for å frakte den til Texas. Det er problematisk for oljesand-produsenter som har forpliktet seg til å frakte store mengder råolje til raffineriene i Texas.
Enbridge, som eier rørledningen, tar mellom 7 og 9 dollar per fat for å frakte tungolje til Texas. Tilleggskostnader som strøm kommer i tillegg, skriver Bloomberg.
På grunn av begrenset tilgang til eksportrørledninger, har Canadas oljebelte vært blant de fførste som har fått føle oljepriskollapsen på kroppen. Krisen kom både på grunn av mindre etterspørsel på grunn av koronaviruset, og at Saudi Arabia har oversvømt markedet med billig olje.
Noen av verdens største oljesand-selskaper, som Suncor Energy og Athabasca Oil har blitt tvunget til å trappe ned eller stenge produksjon.

Holder seg godt tross solid nedgang på Oslo Børs

Bare rolig ;)
Her er siste.

https://finansavisen.no/nyheter/olje/2020/03/27/7512517/saudi-arabia-avviser-russlands-flort-i-priskrigen
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Yesterday:
https://oilprice.com/Energy/Crude-Oil/Is-This-The-Beginning-Of-The-End-For-Texas-Oil.html
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Litt skummelt:
https://thehill.com/policy/finance/489353-economists-fear-downturn-will-be-worse-than-great-recession
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Kjøp QEC!!

https://finansavisen.no/nyheter/borsintervju/2020/03/26/7511505/john-olaisen-anbefaler-a-kjope-oljeaksjer

Ja mye negativt er priset inn nå.
Det jobbes med pilot: Clean Tech-alliansen. De inkluderer polyteknikk og eNGO-er.

Billig aktie.

Her går det rett til H.

https://e24.no/norsk-oekonomi/i/awEObd/regjeringen-vil-dekke-faste-kostnader-til-selskaper

Tror dere har fått korona virus. 29000 aksjer og aksjen står i Nok. 0,741. Oppgangen i USA kan selvfølgelig hjelpe på, men jeg sier ikke nei takk til en melding om prøveboring med ny teknologi.
Tvi,tvi.

Sorry, jeg trodde det var en tulletopik.

Kos deg med din ironi.

https://finansavisen.no/nyheter/olje/2020/03/25/7511662/usa-legger-press-pa-saudi-arabia


https://finansavisen.no/nyheter/2020/03/26/7512076/fhi-ser-ikke-for-seg-dagens-tiltak-i-lang-tid

Det kan se slik ut.

Og med slike volumer kan det godt være noen store posisjonerer seg.

Noen som prøver å plukke opp denne perlen til gi-bort pris?

https://finansavisen.no/nyheter/bors/2020/03/26/7512142/faktorer-kan-tyde-pa-at-bunnen-er-nadd

Spinnvilt.

Omsatt aksjer for nesten 15K!

Blir rally i morgen? Nyheter på gang?